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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (44405)	8/22/2003 2:35:29 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

BET YOU DIDN'T KNOW THAT TAX CUTS CAUSED THE BLACKOUT From Der Spiegel, as dutifully reported on the New York Times website: "The discrepancy between demand and reality has becoming increasingly clear to Americans under George W. Bush. The President who, like several of his cabinet secretaries, is a man with roots in the oil industry, has placed little emphasis until now on improving the infrastructure, as long as it doesn't recognizably serve the interests of Big Business. According to American economics professor Paul Krugman, public services have been cut back in many areas to the benefit of "tax breaks for the rich." And how does shutting down commercial life for 20% of the American population "serve the interests of Big Business" or "the oil industry"? The reality is that Big Business has been chomping at the bit to earn a fair profit upgrading America's electrical transmission infrastructure. But environmental and economic regulations -- put in place by a half century of Democratic congresses -- have effectively legislated away any hope of gain (and any hope of upgrading). Anyone want to take a bet? Krugman's New York Times column tomorrow will be a litany of infrastructure horror stories of all sorts -- from potholes on up -- and it will all be blamed on the "denial and deceit" of the Bush administration. Who'll fade me? Give me 2-to-1 on the topic, with a special double 4-to-1 payoff if he uses the expression "denial and deceit." Email me at don@poorandstupid.com. I'm serious. We'll settle via PayPal. Posted by Donald Luskin at 11:57 AM \| link