I saw on “The Daily Show” that hours after George W. Bush announced an economic recovery plan, the stock market fell a few hundred points. I’m somewhat doubtful a quick fix will be enough to dig us all out. There was an episode of Saturday Night Live a long time ago when a guy impersonated Bush, and some of what he said seems incredibly relevant today. It was along the lines of, “That’s why I keep lowering taxes. Money going out, no money coming in, and it all evens out!”
I think the President has been operating under a similar process. Lowering taxes means the government has access to less cash, so it borrows to spend more and more. The American government is like a teenager with a credit card, no job, and an expensive appetite. Pretty soon that teen goes bankrupt.
I feel like even if we all get $1000 as part of the Recovery plan, we’ll hoard it due to continued fears and doubts regarding economic recovery, and it won’t do any good.
Monday, January 28, 2008
Bush vs. The Economy
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment