The economy is NOT kicking butt. That's just a lie. From the beginning, we know Bush's policies are aimed at the top 1%, and those people have benefitted, plus maybe the 1% beneath them and some of the sectors like oil, weapons, drugs, hmo's and developers. Basically all the industries which should be regulated are allowed to do whatever they want under Bush, plus rich tax cheats are not pursued. So they all benefit.
But what about the 97% of the rest of the country? If you think the Bush policies have helepd the average American family, you're out of touch. Health and energy costs have soared 75% under Bush, rent and education have gone up about 50%. Health benefits, wages and job security are all down. So are government services. But the biggest not so hidden dump on the middleclass is Bush's trillions in new debt, which people are going to have to pay off one of these days, just not on Bush's watch.
Also, if you read the news today you see growth and real estate prices are plummeting. Donald Trump said last year that if real estate prices collapse, "look out below", because this economy is heavily mortgaged based on inflated real estate values, and the average consumer is deeper in debt that ever in history. In fact many people have been living off their cheap ARM loans which expire soon.
No, this economy ressembles 1973. And after the Vietnam War we had a long hangover. Also after Reagan we had the long hangover. This was mainly because of huge new debts that had to be paid off. And democrats are for balanced budgets so paying off debt will be one of their priorities. Bush has been borrowing and spending so many trillions. That is completely unsustainable. He should have done it like CLinton did. In fact he should have left Clinton's economic policies exactly as they were. CLinton gave us a boom market with surpluses. Bush's market has not been as good and is largely deficit spending driven. In fact, there is nothong conservative at all about Bush's economic policies, they're really just reckless, a sugar high in the short-term, then a downer. |
