The TITLE of an article in the NY Times today is, "Bush Admits Economy Faces Challenges."
http://www.nytimes.com/2008/01/08/business/08bush.html?ref=us
Well gee, a housing market cratering, $100 a barrel oil, jobs not being created at all in December and only slowly in 2007, wages stuck in neutral, health care costs and worries soaring, yeah there are worries. Any idiot understands this, and many people have understood it for months.
After all this time, after more than 7 years of the Bush presidency, it is still news for him to admit something glaringly obvious. Just as after the 2006 elections he FINALLY fired Rummy and admitted Iraq wasn't going all that well. It is ASTOUNDING that this is the state of affairs. A more apt title for this non-news would have been, "Lying President stops lying for just an instant about the state of the economy. Expect more lies soon."
Why anyone at all listens to anything the Bushies have to say, at least without a presumption that what they say is blatantly false, is almost beyond me. I guess most people, even democrats that HATE Bush like myself, find it hard to believe just how awful, how truly venal, these people are. We have consistently underestimated their willingness to lie, cheat, steal, and hurt America to achieve their own goals.
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6 days ago
4 comments:
Hmmmmmmmmmmmmm
Guess Danny doesnt like Bush!!!!!!!!!
Danny, are u saying Bush caused
oil to go to $100 bbl?
No Larry. Although had Iraq gone better oil would be noticeably cheaper, the insane oil prices we see are not Bush's fault. They are a combination of China's incredible economic growth (and India's), declines from production in Iraq and Venezuela, the inability of oil companies to quickly bring more capacity on stream and the failure in recent years for any great big oil finds. Its a complex problem, but with the exception of Iraq's decrease in production, and perhaps a $10-20 price premium for world instability (which isn't all Bush's fault either!) the oil prices are not Bush's fault in my view. Believe me, I'd LOVE to blame it on W. I blame bad weather and New York Yankees losses on Bush. But not this time.
Bush didn't create $100/oil, true - but for an admninistration that started a war in the Middle East, in large part to stabilize the world oil markets - $100 oil is a bit embarrasing...
It's their fiscal (government spending & taxing) policies that have been truly awful. Republicans constantly criticize Democrats as the "tax and spend" party. It's not an unfair label, really.
But Bush could be fairly described as "NO tax AND spend" politician. When governments spend money they don't have, they borrow it. Bush has borrowed around $2 TRILLION dollars to finance his tax cuts and wars. This debt is a big reason, along with a huge lack of regulation of financial markets(another Republican stupidity), why the US economy is about to fall into the toilet.
This is what Bush should be being blamed for. Well, that and the constant lying about it. Really, his performance has been SO bad, due to his ideological blinders, it's almost impossible to be critical ENOUGH.
We are in for a VERY rough next few years, and it really is his fault.
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