July 08, 2003
Running Scared
The Superbrain has come up with a new wrinkle: "Two-and-a-half years ago, we inherited an economy in recession."
There is, after all, some truth in this charge. The Clinton boom was based on foreign investment, consumer debt, and high-tech speculation. The last two are unsustainable practices by their nature. The first is more a result of the rest of the world's economies' ennui that any sort of fundamental strength in the American economy.
But one wonders, if Dubya was so worried about "inheriting" a lousy economy, it took him until many months into his presidency to make a note of it.
Even more importantly, Bush has been in office for two-and-a-half years, and the economy seems to perform much more poorly every month. Begging the question, "Yeah, well, what the hell have you done to turn it around, dumbfuck?"
Bush should have welcomed an inherited recession, as it should have given him a golden opportunity to demonstrate once-and-for-all the validity of his party's Voodoo economic theories. Having done so, it would have allowed him to initiate a new round of tax cuts after the first round had done kick-started the economy with its mystical stimulative jolt. (Oh, wait, he was able to initiate the new round of tax cuts even after the opposite result obtained.)
And after the second round had roused economic performance to new and unprecedented heights, he could have swept to victory in ought-four with a bold programme of eliminating all taxes and social spending, while racking up a trillion-dollar military budget. (Oh, wait...)
Posted by Eddie Tews at July 8, 2003 02:02 PM
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