Ben Lodmell, Democratic candidate for Congress (AL-1), on the current state of the American economy.
Economy is one more Bush-Bonner failure
First there was Iraq, which is costing us $9.6 billion a month. Then came worldwide anger over the Bush-Bonner gang’s go-it-alone and shoot-first tactics. Then there was Katrina. And let’s not forget the VA scandal. Or the sub-prime housing debacle. And what about the infamous tax cuts for the rich, while working families got squeezed, the poor got poorer, and millions of children continued to live without health care coverage.
Whoops! Almost forgot the Bush-Bonner pro-oil company policy that subjects the country to a perilous dependency on $100-a-barrel oil. And to top it all off, we’ve seen the worst federal government spending binge in history and, as a result, an astronomical hike in federal debt that makes us more and more vulnerable to the whims of cranky foreign government lenders.
So why should we be surprised that economy seems ready to be flushed down the toilet, thanks in large measure to Mr. Bush and those none-for-all Bushketeers that crafted all this chaos. Our particular thanks goes to Bush’s man in Mobile, Congressman Jo Bonner, for being behind the President - every failed step of the way. Good going, Jo!
Now it seems that Bonner and the rest of the frantic Bush-Bonner gang has been scurrying about in Washington for the past couple of days cobbling together an agreement among Democrats and Republicans on a $150 billion plan to rescue the economy from its first recession since 2001. The plan is simple: Two-thirds goes for tax rebates to spur consumer spending, with the balance earmarked for tax breaks aimed at jump-starting new business investment. Bear in mind that the people making this deal are the very same people who only yesterday couldn’t agree on the time of day.
Well, we will soon see how much they really agree when the rescue bill goes to the floor of the House next week and after that to the Senate, where chances are good that partisan politics will re-rear its ugly head. The continuing irony, of course, is that some economists fear the Bush proposal may be too little too late – that the economy has already been flushed down the toilet. Hopefully, the Bushketeers will follow suit in the next election.
- Ben Lodmell
"The past does not have to be our future."
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