Strip Mining the American Public

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Thursday June 26, 2008 · 10:04 PM PDT

2008/06/26 · 22:04

The Dow lost over 350 points today. Our economy is coming to grips with the inevitable results of the Bush economic theory: take all profits now and don’t worry about tomorrow – spend big, but don’t tax.

Eisenhower warned in his farewell speech, "As we peer into society's future, we -- you and I, and our government -- must avoid the impulse to live only for today, plundering, for our own ease and convenience, the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren without risking the loss also of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow."

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