[Gimpy]

Yoshi Tsurumi knows a ding-bat when he sees one.................NOW or THIRTY YEARS AGO!


Even though it was over 30 years ago, Tsurumi "vividly" recalls Bush the student making this stunning statement in his classroom at Harvard: "People are poor because they are lazy." Now, this is the same guy who, as President, spent 42 percent of his first eight months in office on vacation at his Crawford, Texas ranch! He has never had a regular job in his entire life, unless you're counting the sinecures that daddy weaseled for him in the energy business and with the Texas Rangers' major league baseball club.


Tsurumi continues reminiscing about this truly unremarkable pupil. He wrote, "Bush was opposed to labor unions, social security, environmental protection, Medicare and public schools. To him, the antitrust watchdog, the Federal Trade Commission, and the Securities Exchange Commission were unnecessary hindrances to 'free market competition.' To him, Franklin Roosevelt's New Deal was 'socialism'..."


Tsurumi made this telling point: "President Bush and his brain, Karl Rove, are leading a radical revolution of destroying all the democratic political, social, judiciary and economic institutions that both Democratics and moderate Republicans have built together since Roosevelt's New Deal."


Tsurumi said, "The US has over 5 million part-time job holders who want full-time jobs but cannot find them. In addition, the US has 8 million persons who have had to settle for full time jobs paying far less than their previous jobs. The 'jobless recovery' and the widening income gaps are aggravated by massive migrations of good-paying manufacturing and service jobs abroad. Such migrations have been accelerated by President Bush's misguided tax cuts... America's skewed income distribution is rapidly making the US resemble Argentina or Mexico.


The 'jobless recovery' is not a political mirage, but a serious problem...The U.S. has a widening income gap between a few 'haves' and many 'have-nots.'"


Tsurumi concludes, "President Bush's tax cuts have given over 93% of their benefits to large corporations and well-to-do households with over $250,000 of annual income (about 10% of the U.S. households). Moreover...they are abolishing taxes on such asset-based income as stock dividends and capital gains. He is opposed to taxing management aristocrats' self-dealt stock options (salary payment in kind). He is opposed to requiring the corporations to treat such stock options as their personnel expenses. More than anything else, management aristocrats' stock options are encouraging many corporations to abandon manufacturing-and-supply procurements at home and switch to imports from China and other lower-wage countries. He is phasing out estate taxes. All of these measures are transforming the past 'potbelly flower vase' shape of the U.S. income distribution to the 'bottom-heavy hourglass' shape."


It's obvious the IQ-challenged Bush just barely got through Yale and Harvard. And, now, thanks to Professor Tsurumi's keen analysis of his reactionary economic ideas, "Bushonomics 101," we know, unless stopped, that they will roll the clock back in this country to the predatory Age of the Robber Barons.