Can America Survive 2 More Years of Bush Presidency?
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In just over one year the most corrupt and incompetent U.S. President since Nixon has converted
$127 billion in budget surplus into $165 billion debt. If the Bush administration continues at this rate
(and who can stop them?) The U.S. will be $876 billion in debt by the end of the Bush administrations first term. Should they
manage to fix the next election the bill could run as high as: $3 trillion. The Republicans own Senate Budget Committee projected
that the 2003 deficit would be $194 billion.
"The president is the first to acknowledge that when nations have emergencies, when nations have wars and when nations have
recessions, a deficit is an appropriate way for the country to fight the war and fight the recession," said White House spokesman
Ari Fleischer. "War" and "Recession" are trademarks of a Bush presidency.
While 8 years of peace and prosperity were the legacy
of his predecessor. The director of the nonpartisan Congressional Budget Office,
Dan Crippen said this year's deficit could approach $150 billion. The non-partisan
CBO estimated this week that through the first nine months of this fiscal year, there was
a cumulative $122 billion deficit. For the same period of fiscal 2001,
the government ran a surplus of $169 billion. Bush economics 101.
Unemployment is at its highest rate since the first Bush administration and
continues to sore. It has been consistently rising by
almost 2% a month. If you do the math and figure where that will put American
workers in 2 years, its not a pretty picture.
Workers for Enron, and World-Com, are laid of by the dozens, while their
executives give themselves multi million dollar bonuses.
While the White House talks tough about "corporate responsibility" they are
unlikely to act in the same manner.
Bush's 2000 presidential campaign was bankrolled in large part by those
in question (what question?). World-Com contributed $41,601 to the
Bush election fund, and almost a million in "soft money" to the Republican party.
Enron’s PAC and its employees contributed
$114,000 to Bush during the 2000 campaign, while former Enron
CEO Kenneth Lay was one of Bush’s "Pioneers", individuals
who raised at least $100,000 for the campaign. Between 1989 and 2001,
Enron contributed over $4 million to Republicans. More
than $2 million of that money came during the 1999-2000 election cycle alone,
when the company became one of the biggest
boosters to President Bush’s campaign for the White House.
Arthur Andersen has contributed just shy of $3 million in soft
money, PAC and individual contributions to Republicans.
It is very unlikely that Bush will bite the hands feeding him in his
superficial quest for "corporate responsibility". |
