It is my conviction that the fundamental trouble with the people of the United States is that they have gotten too far away from Almighty God."
Warren Gamaliel Harding, 1920
Warren Harding was the 29th President of the United States (1921-1923) and the sixth to die in office. He was a Republican, a Mason and a Baptist who won the election by an unprecedented landslide of 60 percent of the popular vote. The Social Mood was positive at the time for the depression following the First World War seemed to be coming to an end.
Before receiving the nomination, he was asked whether there were any embarrassing episodes in his past that might be used against him. He had a very limited formal education, suffered from depression, spent several years in a sanitorium, had a rocky relationship with his wife and a longstanding affair with the wife of an old friend, and was a drinker despite Prohibition. Although he answered "no," each of these issues was raised by his opponents during his short presidency.
One of his campaign speeches contained the word "normality," which he mispronounced as "normalcy" and his inaugural address became famous for its promotion of "normalcy." The press of the day hailed him as a wise statesman who would carry out his campaign promise of "less government in business and more business in government."
Ohio gang rules
Upon winning the election, he placed many of his old allies in prominent political positions. Known as the Ohio Gang, some used their new powers to rob the government. One of the most famous scandals was that of the Teapot Dome and involved Secretary of the Interior Albert B. Fall, who was eventually convicted of renting public oil fields to private concerns in exchange for personal loans. Fall became the first member of cabinet to be sent to prison.
Thomas Miller, head of the Office of Alien Property, was convicted of accepting bribes. Charles Forbes, director of the Veterans Bureau, skimmed profits and earned fat kickbacks. He was convicted of fraud and bribery, and drew a two-year sentence. Charles Cramer, an aide to Charles Forbes, committed suicide. Harding died as the news of the Teapot Dome scandal began to unfold.
In his short tenure he passed every single bill that was requested of him by his Republican backers. This was America's first flirtation with the corporate state and the prologue to the mania that followed. After the bubble burst in 1929 it took the DJIA 25 years to regain its peak and for the wealth of the country to be restored.
Some 80 years later George Walker Bush, the 43rd President of the United States and the first to hold an MBA, beat Warren Gamaliel Harding's record in passing every single bill that was requested of him by his Republican backers. Unlike Harding, he appears to have avoided the curse of an incumbent President dying in office every 20 years since 1840. In other aspects his tenure is very similar.
Bush junior is the third President in history, following William Taft and his own father, who is a member of Lodge 322 of the Skull and Bones (or the Order of Death) secret society of Yale, which is rumored to be the American branch of the Illuminati and have a higher loyalty. Some commentators claim that the Illuminati intend to establish a world government through the control of banks, the infiltration of governments, and by causing wars and revolutions.
Upon gaining office, the 43rd President immediately staffed his administration with Skull and Bones members and those from the Business Round Table (BRT) and the Carlyle Group.
Men of influence
The Business Roundtable, established in 1972 from chief executive officers of leading US corporations, has vigorously pursued the interests of big business.
The Carlyle Group is a private investment bank that is conspicuously involved in government-dependent business. On its payroll are people like George Bush (senior), James Baker III and ex-British Prime Minister John Major.
Under Bush junior the influence of these bodies has been considerable. From 1995 to 2002 corporate tax payments fell from 12.53 percent to 8.35 percent of total receipts, whereas payroll taxes increased from 36.59 percent to 39.48 percent. John Snow, the 73rd Secretary of the Treasury and ex-chairman of the BRT, was the author of share options that could be issued without having an impact on a firm's profit-and-loss statement. He personally got almost $61 million when he left his company to join the government.
According to a recent study by professors from Cornell University and Harvard Law School, annual executive pay has jumped, on average, from $3.7 (zł.11.7) million in 1993 to $10.3 (zł.32.5) million in 2002. This surge in executive largess has occurred regardless of success or failure and when two-thirds of Fortune 500 profits go untaxed due to federal and local tax loopholes.
Cost of war
Then there are the Halliburton Wars. Halliburton, the corporation that Vice President Dick Cheney ran, prepares the launch point for war, supplies and outfits war, cleans up the mess of war, and rebuilds after war. It is the one-stop shop of war. Halliburton and its lesser-known sisters (Brown and Root as an example) have perfected the mechanisms of perpetual conflict and have seized the reins of government.
A recent Defense Contract Audit Agency's audit revealed that Halliburton charged the Pentagon $27.5 (zł.86.9) million to ship $82,100 (zł.259,125) worth of cooking and heating fuel to Iraq from Kuwait - 335 times the actual cost of the liquefied petroleum gas, a charge the Pentagon auditors said was "illogical." The audit covered only one of 10 task orders undertaken under the $2.5 (zł.7.89) billion no-bid contract awarded immediately after the invasion of Iraq.
However, the overcharges identified in the single task order already dwarf the $61 (zł.193) million in previously discovered overcharges. This is only a small example of the developing corporate state.
History may show that after two centuries the government "of the people, by the people, for the people" came to an end at the beginning of the 21st century after the Bear Market of 2005 took its toll. Cycles repeat.