THE ECONOMY AS IT REALLY IS

A friend says, "everybody talks about the economy, but nobody knows much about it." That's because they don't consider all the factors.

Last week the guvmint boasted about the 210,000 new jobs created and the low unemployment rate of 4.7%. That is impressive and reassuring on it's face, but let's look closer.

As usual, the federal folks don't keep tabs on the number of jobs lost by layoffs of various kinds. So, we are never told the net gain in job increases. The new jobs are to be expected with our rapidly expanding illegal immigrants who need goods and services. They also provide able bodies who work for less pay. Employers can hire more of them.

When you go to a convenience store or fast food place, you can hear employees discussing their other jobs. A cartoon showed the president speaking at a banquet, "I have created a million new jobs." The waiter working at his table muttered, "I have three of them. " Thousands of Americans actually work at three jobs."

Several additional factors require consideration. How about inflation? Every shopper out there knows prices are rising faster and higher than the lying guvmint tells us, and the official calculation doesn't include include fuel and housing.

You want more negatives? Well, you're going to get them anyway.

The trade deficits with the Chinese, those mercantilist communist totalitarians, ought to give you sleep apnea. "It doesn't matter," the lying bureaucrats insist. Even conservative Ronald Reagan told us that, but he was grinning, wasn't he?

Outsourcing is a major concern. Those are jobs Americans will do, President Bush! Maybe we should outsource some of your responsibilities, Mr. President, such as FEMA, homeland security and border patrol.

We have lost thousands of factories to foreign lands and some huge number of jobs went with them. We export manufacturing plants and jobs, isn't that brilliant? Can you imagine how future history books will portray us?

The national debt rises so steadily that it's hard to recall current figures - probably seven or eight trillion. Don't ask the president what it is, he wouldn't know. Try asking the veep, he seems to keep up on money matters.

The personal debt of our citizens is at records sky-high heights, too. This an important fact and overlooked by economists who say that this only means everyone will have to keep hustling.
Americans save less than any industrialized nation's people. "OK, so what," the experts say, as they rationalize this worrisome fact.

Now let's think about the dirty little secret shared by FDR, Reagan, and Bush. Deficits drive consumer spending and make the economy look healthy (to those who don't consider all the factors.) FDR - Franklin Deficit Roosevelt - was elected four times because he primed the pump so well. History books tell us that the big guy told his top aide, Harry Hopkins: "Tax and spend, elect and elect. The people are too damn dumb to understand."

The Gipper was no tight wad with other people's money, either. He added two trillion to the national debt. So what. the guvmint liars remind us. "We owe it to ourselves."

This formula for creating a good looking economy probably something Bush understands. FDR-Reagan-Bush = DEFICITS R US.

Deficit spending requires currency and credit. When the big banks are tapped out, the U.S. Treasury simply prints more FERNS (Federal Reserve Notes) which creates more inflation and dollar devaluations. The economy resulting from such fraud and folly is burdened by interest costs and is unstable. Certainly the middle class is endangered as the rich get richer and the poor poorer. Plato said, "An imbalance of rich and poor is the oldest and most fatal ailment of republics."

Yes, presidents can create pseudo-prosperity. When FDR asked his favorite economist, John Maynard Keynes, what would happen in the long run if we followed his big spending plans, Keynes replied, "In the long run, we'll all be dead."

We are not too dumb to understand, however, we need to have the will.