Gus Tyler
By Gus Tyler
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News Consumers Are Spending Money They Do Not Have
When The Great Depression hit the United States in 1929, then-president Herbert Hoover decided to do something about it. He decided to lift the spirits of the American people. As he put it, “Prosperity is right around the corner.” Theoretically, this seemed to make sense. If the people were depressed and worried about where the…
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News Bush Shows Chutzpah in Dealings With the U.N.
The bombing of the United Nations’ headquarters in Iraq opens up a new chapter in the strained relationship between the United States and the U.N. It began with the charge of the Bush administration that Saddam Hussein was violating a provision under a U.N. agreement that forbade his (Hussein’s) building weapons of mass destruction. The…
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News President Bush Rejects A Heaven-sent Gift
It was not easy for President Bush to manipulate matters to get the United States involved in a war in Iraq. But, he did it — although it cost him his credibility with many Americans. But now he faces a tougher task: getting out of Iraq. Officially, the war ended May 1. But now it…
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News Who Are the Rogues, and Who Are Not?
The United States is suspending military aid to 35 countries because they refuse to grant immunity to American citizens under the International Criminal Code. The basis for this unusual action is a provision of our anti-terrorism law that calls upon our government to withhold all military aid to any country that joined the International Criminal…
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News Jobs Wash Away in Trade War
The common expression “He’s his own worst enemy” is usually applied to individuals. But it can also be applied to nations that pursue self-destructive policies. The current circumstance that serves as a perfect case is a “war” between the United States and China over their respective share of the American market. It is a war…
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News The Return of the Deficit
The federal budget deficit for fiscal 2003 will be the largest in American history, according to the White House. The estimate is that the deficit will run to $455 billion for the year. It breaks all records by billions. The highest deficit up until this year was $290 billion in 1992 when George Bush Sr….
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News Overtime: Necessary for Many Americans
The Fair Labor Standards Act (the Wage and Hour Law) passed in 1938 was one of the pillars of the New Deal, and it contributed to our economic recovery from the Great Depression. At this hour, that law should be updated by elevating the minimum wage to help reinvigorate our drooping economy. Raising the minimum…
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Opinion Good News for Wall Street, But Not for Main Street
On July 3, the day before Independence Day, The Wall Street Journal brought good news about the future of the American economy. A poll of 54 economists found a high degree of optimism. They predicted that in the third quarter of this year, the Gross Domestic Product — the sum total of the economy’s output…
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