The Bush Legacy: A Bad Case Of “ED” Or A Royal Screwing? |
| Published: June 6, 2008, 6:48 pm |
| Tags: 2008 congressional elections, 2008 presidential election, bush arrogance, dick cheney, energy issues, globalization, humor, iraq, labor, republican incompetence, u s and world economy, deficit, dow jones, energy policy, foreclosures, george w bush, oil dependency, outsour |
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Today, President Bush, in the following video clip, tells us that we face “turbulence in the housing market and slow growth for our overall economy”. At the same time, the number of U.S. homeowners in foreclosure or delinquent on their mortgage payments is nearly nine percent, unemployment jumped a full half percent to 5.5%…the largest increase in over two decades, oil jumped by over ten dollars a barrel today…after rising five dollars on Thursday, and the stock market lost nearly 400 points. Perhaps I don’t understand economics, but I have a hunch that the president’s use of the words “turbulence” and “slow growth” are inadequate descriptors of what we are experiencing. Unfortunately, the indicators suggest the worst is yet to come. So what is the president’s solution? He chose to admonish the Democrats for not making his tax cuts permanent (that would be the same ones that were enacted to fix a sluggish economy) and [ Full article ] |
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