Another Bush, Another Recession.
By Mike Hersh
'AntiBush' article #3
We have the weakest economy in ten years. Who was screwing up the economy back
then? GH Wimp Bush. As the Republican precision smear team attacks Democrats for
holding off on the Bush special interest "porkage," our unelected unqualified
misleader does back flips.
Do we need the "stimulus" right wingers and special interest lobbyists demand on
behalf of workers-who will see almost nothing from the Bush bill? AWOL Bush has
no idea. Why should he? His handlers haven't told him what he thinks yet.
A friend adds: I would suspect that those handling Bush are not too upset by the
failure to pass the bill. If the economy rebounds, he can take the credit, and
if it doesn't, those who didn't vote for that awful bill will take the blame.
As Paul Krugman argued in the NY Times: "George W. Bush endorsed a 'stimulus'
bill so tilted toward corporate interests that even many conservatives were
startled. [T]he American people ought to ask … why the Bush administration,
given the deadlock in Congress, didn't push for a minimalist package--rebate
checks for those who didn't get them last summer, plus extended unemployment
benefits, and a temporary investment tax credit."
Bush didn't, according to Krugman, because a compromise with Democrats would
compromise his ego. Bush has to "win." If he can't win, he'll cheat or "take
his ball and go home," observes Gail Sheehy. One more reason Bush is the wrong
person for the White House. Besides the fact he lost the election he cheated to
steal, he puts his ego above our economy, and his stubborn pride over your job
and your family.
Another reason Bush is wrong for the job: his polices are lousy. They favor his
fat-cat contributors over our economy, our jobs and our families. Bush's
"stimulus package" was really a "special interest porkage" with $billions for
those who need it least, and would help the economy the least.
As the NY Daily News reports, Bush's "stimulus package included tax breaks for
businesses and individuals….Democrats said it was larded with benefits for
corporations and tax breaks for rich people."
This after his last Bushwhack tax scheme already gave $billions of our money to
the wealthy and well connected special interests who financed his all time
record breaking campaign. The Republicans claimed the last Treasury raid would
protect the economy from recession, and would not deplete the surplus. Wrong on
both accounts.
The New York Times cited "[N]eutral calculations by the Congressional Budget
Office [which] demonstrate clearly that the lavish Bush tax cut is responsible
for most of the disappearance of the surplus." Now Bush wants to add debt to
deficit in policies which have already failed miserably.
Of course Republicans claim the 9/11 terror attacks threw their calculations
into a tailspin. Even if that were true--and it isn't--we need to keep our
government solvent to address national security requirements home and abroad.
Also, if throwing money at the wealthy and big corporations worked, we wouldn't
have been sliding into recession even before the attacks. Bush may have stopped
claiming we should run government like Enron, but he's still pushing a failed
Enronomics approach.
When Congress returns to work, how many Americans won't? How many times have
Republicans claimed this will help regular Americans who only lose their jobs
and purchasing power? Republicans keep saying these policies work. That means
they consider transferring wealth from the middle class to the wealthy few and
the richest corporations success.
We need real stimulus, not a bill that throws money at corporations and busts
the budget. We need protections for the unemployed, a minimum wage increase, and
a repeal of the Bushwhack Bush tax. Otherwise we'll suffer deficits as far as
the eye can see, and the economy will collapse under high real interest rates.
If Republicans keep blocking these needed programs, we should kick them out of
office. If you don't agree with the Republican definition of economic success,
don't trust Republicans with our money. If Republicans keep passing job-killing
bills like this fake stimulus "porkage," Voters in the 2002 elections should
show Congressional Republicans how it feels to lose a job.
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