I agree with you wholeheartedly. I think this President has been the most fiscally irresponsible President in a very long time. I know there are lot's of things that happened in the last 4 years that made it difficult for us to maintain a surplus, but his continue profligate spending, including the health care corporate gift, are destroying the long term viability of our economy.
As someone with graduate level economics classes under my belt, I fully believe that tax cuts, government spending, and rate cuts, all coming together like they did were the perfect antidote to the perfect storm of the 90's bubble bursting. However, I would NOT have made those tax cuts permanent and I would not have engineered them the way he did to benefit the rich so much. In addition, his health care package, which amounted to a massive corporate giveaway, sickens me. Lastly, the idea that it's ok to run $500B/year deficits also sickens me.
When we first went to Iraq, I understood the necessity of it. However, I remember commenting at that time to my brother that I wish we had earmarked the $200B the war was going to cost and spent it on alternative energy sources for cars, like hybrid and fuel cell technology. But that was an impossibility with a President who grew up on oil wealth and V.P. who used to work for Haliburton. |
