Tuesday, August 30, 2005

You owe $145,000!!

That's how this article starts, and it sure is an eye catcher!! It looks like the economy isn't doing as good as the President would have us believe. Many economists, on both sides of the political spectrum, are saying that there are many indications a recession might come and it might be big:
A chorus of economists, government officials and elected leaders both conservative and liberal is warning that America's nonstop borrowing has put the nation on the road to a major fiscal disaster — one that could unleash plummeting home values, rocketing interest rates, lost jobs, stagnating wages and threats to government services ranging from health care to law enforcement.
The U.S. comptroller general, David Walker, who audits the federal government's books said:
"I believe the country faces a critical crossroad and that the decisions that are made — or not made — within the next 10 years or so will have a profound effect on the future of our country, our children and our grandchildren. The problem gets bigger every day, and the tidal wave gets closer every day."
So, God help our kids and grandkids, 'cause I don't see any big changes in the way the country operates anytime soon. And who's really to blame for all this? Keep reading...
Blame the bust of the dot-com boom, the ensuing recession, President Bush's federal tax cuts, the Sept. 11 terrorist attacks and the subsequent wars in Afghanistan and Iraq.
Ok, the dot-com bust wasn't Bush's fault, since it happened at the end of the Clinton presidency, and so the following recession and the 9/11 terrorist attacks, but the tax cuts and the wars we're still waging (although I did support the Afghanistan one) are all Bush's decisions. He could have easily said, "Look, I know I promised you tax cuts, but the economy now is such that any tax cut could put us into a recession, so, let's wait a little and see." He could have not listened to the neocons and the little voices inside his head and kept his focus on Afghanistan and Osama bin Laden, instead of throwing the country into a worthless war. No, and no. His priorities were and are to help his big money friends get richer and the religious right, who put him in office, advance its agenda as much as possible. And now we're dipped in debt like doughnuts in frosting.
Simply hoping for good times to return won't erase numbers like that, Walker says.
That sentence so exemplifies Bush's thought process and governing style: just hope for the best, create an alternate reality, a fantasy world if you will, where all is well, and maybe it will happen. Unfortunately, he ain't no Peter Pan.

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