By Robert Weiner and John Larmett
AlterNet.Org

Contrary to the mythology the party has created, GOP presidents are terrible for business.

At last week’s news conference, President Bush again said that he’s reduced the deficit to $239 billion, created 8 million jobs and generated unemployment at a low 4.5%. He said the economy is strong, largely due to his tax cut policies. On the other side, Rep. David Obey (D-Wis.), House Appropriations Committee chairman, has complained of our limited resources now because of Bush’s “gargantuan deficits he created with that stupid war and those stupid tax cuts paid for with our money.”

There is a widely held belief that Republicans are better for business than are Democrats. Let’s look at the facts. The wild stock market ride of recent weeks does not compare to the two worst stock events, the crash of 1929 and the 1987 free fall, which also occurred under Republican administrations. Since 1900, Democratic presidents have produced a 12.3% annual return on the S&P 500, Republicans only 8%. Gross Domestic Product growth since 1930 is 5.4% for Democratic presidents and 1.6% for Republican presidents.

Bush inherited from President Clinton an annual federal budget surplus of $236 billion, the largest in American history. Clinton balanced the budget for the first time since 1969. Budget surpluses were expected to total $5.6 trillion between fiscal year 2002 and 2011.

Despite this, Bush transformed the surpluses into a $1.1 trillion annual deficit in just three years because of the Iraq war and his relentless push for permanent tax cuts for wealthy Americans, a new iteration of Herbert Hoover’s equally catastrophic “trickle-down” theory. Bragging about a $239 billion deficit sets such a low standard that Bush can claim horrific failure as a good thing for the country. The Bush administration’s annual loss of three-quarters of a trillion dollars is unprecedented. Bush presided over the loss of 2 million American jobs in his first 2 1/2 years and has net gained 5.6 million in six years, the worst since Hoover. Clinton created 23 million jobs.

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Three lives are lost and counting in the Crandall Canyon mine in Utah. The flamboyant, camera-hogging mine owner, Bob Murray, has called this a “once in a lifetime” accident, like a car crushed by a boulder suddenly dislodged. These horrors happen.

Yes, but when we add one plus one plus one, we don’t call three an accident. We call it a product, a sum, the result. And the Utah disaster wasn’t random; it is the product of conditions just waiting to be added up.

Murray, a self-made millionaire, owns companies producing more than 20 million tons of coal annually. He’s known as a hard-driving executive who pushes the limits in his mines, seeking to extract the last dime from the coal.

At Crandall Canyon, the miners were working at depths that test the limits of safety. Although Murray denies it, federal regulatory officials say that retreat mining was being practiced. Retreat mining is a perilous technique in which pillars of coal hold up portions of the roof, and when the area is mined, the pillars are pulled down, capturing the useful coal and collapsing the roof.

Even hard-driving mine owners aren’t allowed to run amok. There are federal and state laws and regulations that help protect worker safety in the mines. But the federal Mine Safety and Health Administration isn’t exactly a bulldog. The mine safety czar, Richard Stickler, a former coal company executive with a lousy safety record, was deemed so unfit for the post by Republican and Democratic senators alike that they wouldn’t confirm him. So Bush appointed him on October 2006 when the Congress was in recess.

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