Sometimes reality is stranger than fiction. Despite all the wasted money, all the ignored priorities, and all the incompetence the Bush Administration only truly knows how to do one thing right, dole out Corporate Welfare. Just look at some of this story from today:
President Bush said yesterday that he is considering a fresh plan to cut tax rates for U.S. corporations to make them more competitive around the world, an initiative that could further inflame a battle with the Democratic Congress over spending and taxes and help define the remainder of his tenure.
Advisers presented Bush with a series of ideas to restructure corporate taxes, possibly eliminating narrowly targeted breaks to pay for a broader, across-the-board rate cut. In an interview with a small group of journalists afterward, Bush said he was "inclined" to send a corporate tax package to Congress, although he expressed uncertainty about its political viability.
Well, I guess for a President that has been a total and complete failure to even his rabid, lunatic base, he had to come up with something to bring the far-right back to his incompetent policies. What better way to do that than throwing billions of dollars at the greediest least patriotic Americans in existence? These statements seem to back that up:
The focus on economic issues on Bush's last day in Washington before leaving town today for most of the rest of the month reflected a White House strategy to confront Democrats on tax and spending issues. With most of his second-term domestic legislative agenda in tatters and his strategy in Iraq under bipartisan fire, Bush appears eager to return to familiar issues that animated the beginning of his presidency and might rally disaffected Republicans behind him again.
Appearing before cameras at the Treasury Department alongside his economic team, the president vowed to veto spending bills that exceed his targets, and he accused Democrats of plotting the largest tax increase in history to fund an additional $205 billion in discretionary spending over five years.
Which brings me to the next question, just who is funding the trillion dollars wasted on Bush's incompetence with the Iraq fiasco and the failed "War on Terror" doctrine? Why aren't Republicans including Bush crying about where that money comes from? Why are they asking American Corporations to foot more of that bill if it is so important? Instead, they seek to cut investment in our infrastructure and people. Typical Republican garbage. He justified his position like this:
"Put another way, it's about $1,300 in higher spending every second of every minute of every hour of every day of every year for the next five years," he said. "Now, somebody is going to have to pay for it. And that, of course, will be the hardworking American people. . . . I will use the veto to keep your taxes low and to keep federal spending under control."
Despite allowing our Congress to back down on Iraq and upholding the Constitution this was a little too much for Nancy Pelosi to stomach:
"After six years of reckless spending in Washington, President Bush is the last person who should brag about fiscal responsibility," said House Speaker Nancy Pelosi (D-Calif.). She accused the president of misrepresenting Democratic spending plans, which she said come in lower than his and have received some Republican support. And she said Bush wants "to spend $2,800 each second . . . to keep our troops in the middle of a civil war in Iraq."
http://www.washingtonpost.com/...
Wow, we could've used some of that courage last weekend Madame Speaker!! Is there any possible way we could get you to bring our caucus together to fight this?
It is hard to believe with all the money squandered by these Republicans, with the ignoring of our failing infrastructure and with the squandered money in Iraq, that the only solution these people have to present is extending more Corporate Welfare!! They don't care one bit about all the money they have squandered they just want to find a way to give more money back to the very rich, and cut the services the American people depend on to make ends meet!!
All this was not on John Edwards who released this statement on Bush's remarks:
"Today, George Bush suggested that his priority on taxes would be, yet again, to help some of the wealthiest American investors and businesses. I couldn't disagree more. A month ago, I announced a plan to reward work, not just wealth, by taxing private equity and hedge funds fairly. That means no more special privileges -- charging income tax rates on the fund managers' incomes and corporate tax rates when funds go public.
"My plan to bring the tax code back in line with American values will prioritize tax cuts for the real engine of the American economy: the middle-class and working families who go to work every day and deserve to keep more of their paychecks."
http://www.johnedwards.com/...
It is time this Congress stands firm to Bush and lets him know, no more Corporate Welfare!!! We need to invest in our country and people, not throw more money away to unpatriotic, greedy corportations who outsource our jobs and make our people work for low pay and benefits. It is time President Bush worried as much about working Americans as he does about his greedy, lunatic base!!! If he doesn't care about Americans, it is time this Congress forced him to!!
Comments are closed on this story.