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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (271742)2/3/2006 6:28:31 PM
From: American Spirit  Read Replies (1) of 1578527
 
There is tremendous underemployment in the US these days. Many millions are semi-employed, work as consultants and have no benefits. This has gotten worse under Bush, as has poverty. And health care costs are through the roof. All of this leads to a general air of uncertainty and insecurity, living for today but never sure about tomorrow. Which is why about two-thirds of Americans say the economy stinks even though some are doing well, particularly rich people living off capital gains.

The unemployment statistics are very misleading. The LA Times claimed the real number is about three times that. Millions of Americans have given up looking for steady work. And even with a positive spin, the numbers aree nowhere near as good as Clinton's, who made sure his economy was all paid for.

But the reason problem with the Bush economy is that it's not paid for at all, a short-term sugar rush based on 100% deficit spending. The Iraq War for insdtance is 100% debt which Bush dishonestly doesn't even count in his budgets. And experts claim it's getting worse not better.

So what happens next? Well one thing we know, this Bush spending and under-taxing the rich is completely unsustainable. As a country we are sinking into a sea of red ink and face eventual insolvency. Some say this is intentional by the rightwing, who secretly dream of eliminating all social programs and transfering all that money into their own private hands.
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