Posted by
Logical Party on Friday, February 29, 2008 11:00:00 AM
Bush in Denial; Like Father Like Son
by David DiBello
President Bush declaring the US not in recession reminds me of his father's denial of the unemployment crisis in 1991 in spite of the 10% rate, and his refusal to extend benefits.
When will leaders learn that shocks to the system created by excessive tax cuts and fraudulent economies like junk bonds, dot com's, and mortgage and real estate only end up disasterous in the end (i.e Crash of Oct 1987, Recession in the early 90's, Foreign Investmet (bailout) of US Debt)?
The Bush family's denial of the obvious is another example of how oblivious they and the Republican Party is towards the working class in this country, choosing to stick to demagougery about "GDP" and the global economy. As American wages remain stagnant or behind pace with costs, how many heads of household reamain at ease thinking they can pay rent, tuition or health cost with a good "GDP?"
The stereotype is the Republican Party is only concerned with the well off and big business. They are fulfilling that stereotype.