And if he gives anymore speeches, the market is likely to go to zero.
More than Harken or Halliburton, i'd like to see this administration held accountable for their fiscal malfeasance with the federal budget.
Just consider the 10 year 1.3 trillion dollar tax cut. Instead of crafting a fiscally honest tax bill, they used accounting tricks to sneak in a much larger cut. After nine years, they pretend all the cuts are rescinded so they can count the tenth year (the most expensive year) as if taxed at 2000 rates. Imagine if a corporate CEO tried a stunt like that.
Then there's the bogus growth assumptions. They use one set of assumptions to predict a large budget surplus, then they turn around and use completely different growth assumptions (more pessimistic assumptions) to say Social Security is in trouble. Again, imagine a CEO using this kind of dishonest accounting trick.
Bush has an MBA, wants to be known as a CEO president, yet has offered knowingly dishonest budgets, has missed on both earnings and revenue every single quarter, and his company's stock is in the toilet. Average Americans may not pay much attention to this stuff, but investors do and they're taking their money out of the US.
What happens to a CEO with performance like that in the real world? SEC investigation, bankruptcy, resignations, possible civil and criminal lawsuits... What happens here?
Steve |
