The sour economy is presenting Republicans with a golden opportunity to retake both houses of Congress. The Democrats will try to defend their seats by attacking Bush's record on the economy. Republican candidates should counter this move by acknowledging the economic errors made during the Bush years. This will help restore the credibility of the Republican brand with respect to the economy and free up the candidates to move on to what really matters-the future.
President Bush national address, September 24, 2008
In essence Mr. Woodhill is saying: "The Money is Made," let's retire the controversy of how it was made, who made it and the extent of the damage to the United States economy in making it, along with the retired President Bush.
Corporate Executives of the failed banks and failed so-called "to big to fail" Fortune 500 companies along with hedge fund managers were the beneficiaries of the Bush era conservative economic policies, deregulation and accounted for most of the thousands of new millionaires and the doubling of billionaires during the period in spite of two National so-called "Mild Recessions" leading up to and into the collapse of the National United States Economy. "The Money was Made"
Akin to Willard Romney, Corporate Executives and Fund Managers were the epitome of success measured in wealth despite the failures of the Banks, Hedge Funds or Corporations they controlled and operated. With the cascade of American jobs over the cliff, diminishing value in employee retirement plans and the lost of homes for millions of average Americans Romney along with Corporate Executives and Fund Managers were depositing their millions and billions in in cash in safe treasuries and offshore banking accounts. "The Money is Made."
Republicans developed, advocated and retorted to Liberal bailouts of banks, corporations and Wall Street against all the their conservative economic principles to save the economy only to later, with the advent of a Democratic Administration, to deny same with fraudulent indignity and staged disdain. The bailouts actually worked in restoring a great number of Banks, Wallstreet and domestic Auto Manufacturers however those concerns chose to keep most of their trillions in capital offshore instead of investing in American, paying taxes or paying it out in corporate dividends where the money would circulate and grow the United States economy.
Holding trillions of dollars in offshore Private Sector and Corporate accounts amounts to controlling the Nations money supply and manipulating the Nations economy. A dollar bill in circulation earns taxes for local, State and the Federal Government. A dollar bill spent on gas is taxed. The same dollar bill spent on a gas station attendent wage is taxed. The attendent spending the same dollar bill on clothes is taxed. The same dollar bill the retailer spends on rent is taxed. The city spends the same dollar bill in wages for the garbage man and that is taxed. The garbage man spends the dollar bill on a flat screen TV and again the dollar is taxed. The State spends the same dollar bill on concrete for roads and bridges and that money is taxed. No taxes are paid on money sitting in accounts overseas. No American wages are paid from money sitting in offshore accounts.
Republicans are more than willing to share the blame for the economic woes of the country on the current and former President to:
...restore the credibility of the Republican brand with respect to the economy and free up the candidates to move on to what really matters-the future...
For Republicans, "The Money is made," "Now let's do it again."