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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: RON BL who wrote (471580)	10/5/2003 8:55:23 PM
From: Orcastraiter	Read Replies (1) \| Respond to of 769670

The economic situation in California is different than the national situation. First California cannot print money to stop gap any temporary budget shortfall. Bush has the printing press running full speed to pay for his war on terror and the tax cuts for the rich. Davis just so happens to be the man in the hot seat when revenues made a record drop. Mainly due to the high tech sector collapsing, and the associated ripple effects. There were some other structural problems which hurt businesses, but Davis has addressed many of these problems. His effectiveness as governor has no doubt been sidetracked by the republican led recall circus. Couple that with Enron ripping off the state in the electrical power wars and you have served up some difficult problems indeed. Personally I think that Davis has responded well to each crisis. I believe that he will be able to continue to solve problems as his term progresses. Now Bush has no one to blame but himself. Tax cuts to the rich have not created any jobs, except in the defense sector which has been fueled by an increase in defense spending. While tax cuts can be good for certain people, they do not boost the economy with any sustained movement. We did see an uptick in consumer spending. But that has already subsided. The way to get the economy moving is for government to make the proper long term investments in Infrastructure. Roads, schools, power transmission and generation facilities, tuition grants. These kinds of investments will get the economy moving right now, by creating jobs and moving money into the economy. These investments will continue to pay dividends as they ease the movement of goods and services, and investments in education will help to ensure a properly trained workforce. I'd also like to see increased investment in Homeland security, protecting our ports and borders. Another area of investment would be in renewable energy. Making us less dependant on foreign sources of oil. Investing in bombs to drop in Iraq represent sunk costs with little or no return on investment. This becomes even more apparent as the war with Iraq is shown to have been anything but imminent. So you see, big difference between the problems in California and the problems in White House. Orca