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Politics : Politics of Energy
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To: Bearcatbob who wrote (10801)7/7/2009 1:40:05 PM
From: RetiredNow  Read Replies (1) of 86355
 
I'd say it's the exact opposite. Under the GOP and Bush, they did a lot of wealth harvesting, but no planting for future wealth creation:
* they harvested the wealth from future generations by borrowing money to give massive tax cuts, which mostly benefited the wealthy
* engaged in warfare that borrowed more money from future generations and produced no wealth for either the current or future generations
* they engaged in lax regulation that allowed a massive financial bubble to form, enriching plenty of wealthy CEOs on Wall Street and impoverishing many middle and lower class Americans.

The GOP didn't do one thing to plant the seed for future prosperity. The Obama administration on the other hand has been busy cleaning up the Bush mess, while also helping to create a new renewable energy industry that will create more wealth than the Internet did. He's doing this despite massive opposition from oil and coal companies, the GOP, and from some Dems. Hopefully, he overcomes those negative forces for the future prosperity of this country.
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