Wednesday, February 13, 2013 11:10 AM
FACTORS IN DECLINE OF AN EMPIRE
RECESSIONS-STOCK MARKET CRASHES
Each significant Recession since WWII was under a Republican President
Each significant stock market crash was under a Republican President
Recessions-1973-1980/812—1991/92--2001--2008
Stock market crashes 10-19-87—1980/81--1991/92--2001-2008
Since 1980, each (10) military foreign involvement was under a Republican President
Significant Economic Legislation that created Crashes occurred under a Republican Congress.
Except under Clinton.
Nafta—Repeal of Glass Steagall—Modernization of Commodities markets—China Free Trade-
Six years of Republican Total Control of Government.
Budget 2000--1800
Budget 2009--3500
Budget 2013--3800
Deficit 2000—240 Surplus
Deficit 2009---1400
Deficit 2013---900(budgeted)
Debt 2000-----5800
Debt 2009-----11,900
Debt 2013-----16,400
The sound of Wealth redistribution to top 10%
The sound of industries shipped overseas
The sound of a Great Recession
clarence swinney