A close look at Race and Economics in 2009 America

Many assume that race has played a great part in this 2008 presidential election. To me, this election has proven once and for all that racism is dead in the USA. 
Obama has not caused an end to racism, he has been the beneficiary of the absence of racism, it was over, dead, and done for before he decided to run.  We had just never had a real barometer to deliver the proof to all of us that this is true.  Now we know.  Racism has exited as a part and parcel of what we know of as Americanism, a philosophy of freedom personal freedom given to us by George Washington and the American Revolution.
Now let us take a look at our current economic predicament.  If we look closely enough we will see that our economy is controlled by our government, not any so-called “free markets” or, in other words “unfettered capitalism”. 
This looming depression is obviously a result of a clash between democratic and republican controlled government economic policies.  All elected republican presidents since Coolidge has gifted us with economic disaster. I have an extra comment about President Eisenhower who was an economic liberal.  He had a republican controlled congress for one session, two years, and the great economic recession of 1957 was the result of that. Harry Truman had to deal with a short one at the shut-down of the American war machine, an unavoidable one while we retooled for a consumer society.  How do the republicans do this, each and every time a new republican is elected?  The republican bosses most certainly know the truth about our economy, they are always successful in bringing it to it’s knees. 
Our current predicament is a result of the clash between democratic economic success and republican economic “success”.  The common man made trillions of “paper profits” on the stock markets during the Clinton administration.  When the beneficiaries of this democratic success story took a look at George Bush (hey, there are lots of savvy investors who know the truth about our economy) they pulled their “paper profits” from the stock markets and put it into safer bank accounts, CDs, savings accounts, etc., that were insured by FDIC.  My personal estimate is that this amounted to at least three trillion dollars in fresh deposits to banks, savings and loan institutions, etc.  So, then, lo and behold, the republicans did exactly as was predicted and expected, they instituted economy killing government tax and spending cuts, and we all watched in dismay as our whole economy reversed from boom to bust and plummeted straight down, losing three million jobs in a few short weeks.
But wait!  Remember that three trillion in new deposits that are not in our real economy, the cash flow economy that supports our working people?  The republican recession was blunted by this sudden infusion of new cash into the money pumps, the banks, etc.  The banks had to do with that money what they always do, they loaned out, into the old tried, true, and reliable real estate markets, always good as gold in the past.  But to put that much sudden money into circulation they were forced to lower the standards for real estate loans.  This caused a building boom and new home buying stampede, but what went forgotten and unnoticed was the recessionary economic policies of the republican controlled government were still in place, still driving down the buying power (real earnings) of the common man, many who were enjoying their new homes. 
At some point, these new home owners (millions of them) reached the point where they could no longer afford food, fuel, and their new home mortgage.  The mortgage holders became the first victims of this situation as food and fuel became more necessary than the mortgage payment as these new home owners/victims of republican policy struggled to survive their declining earnings.  So here we are now, plummeting into a depression that is predicted by the ‘economists’ to be as bad as the republican depression of Coolidge/Hoover, caused by the tax and spend cutting policies of the previous administration and the weapon is to increase government spending. 
There it is, the proof that our government determines what kind of economy we live in. Why do republicans do this?  A subject for a later discussion.
 One more comment:  The ‘science’ of economics seems to be more for the purpose of hiding the truth from us all than giving us real explanations about the hows and whys of our real economic engine, especially the ‘whys’.