Posted by
Logical Party on Sunday, June 08, 2008 9:00:00 PM
Five straight months of job losses, a 5.5% unemployment rate and a rise in the cost of oil to a record high clinches the deal, or at least finally lets Wall Street experience what the American public has been feeling for nearly a year.
Those 55 months of consecutive GDP growth based on a fraudulent mortgage growth bolstered by loan shark credit criteria are now a memory, and not one that filtered down to the average American. All they saw was stagnant wages while they competed with foreign workers in the new world global economy that tears at the fabric of the standard of living for Americans.
Our health care payments, whether co-pays pr premiums themselves are up an annual 6%. Tuition is now the size of a medium sized mortgage, and pensions are disappearing. In NYC a monthly Metro card that cost $63.00 in 1994 now costs $81.00, an increase of 28.6 % in 14 short years. Pell grants for education are the same amount now, as they were two decades ago, even though there is a greater emphasis on completion with foreign countries.
What is the reaction of our President Bush, who in last year’s press conference declared he got a B in economics, but A in tax cuts, something that defies logic since taxes are a subset of the economy; he wants more tax cuts. It’s not enough that he has crippled our government with multi trillion dollar deficits bringing the value of our dollar to an all time low, he wants more. The party that believes in less government is tying government hands by restricting access to tax revenues because they are failing to get their way in Congressional vote.
Here’s an idea; cut the purse string monopoly held by employers and give an adult minimum wage and fair salaries to those who need to spend, most times to survive in today’s world. Like the tax rebate, this economy will recover when money is placed in the hands of the working class, whose compensation has stagnated over the past decade while CEO’s, Hollywood and ballplayers make more money in one year than 20 people make in a lifetime.
We are suffering from a President who “knows tax cuts” and is leaving office with economic levels that match his polling numbers, and rightfully so. He got us in a war we can’t get out of, and can’t afford. He blacklists those who disagree with him. He is an unindicted criminal. We can no longer avoid what we are told was an unfair critique of his abilities – he is dumb.
David DiBello