Our President really does live in his own little world. His comments on the economic conditions of the American economy prove it. He claims that while are having some difficulty now, things look good in the long term. Excuse me but how does having over $9,000,000,000,000 in national debt and more than that in combined personal debt a good thing for the long term future? Am I missing something here?
From the AP:
Yeah, thats a whole six hundred bucks for taxpayers that earn enough. Gee I can't wait to buy a television and turn the American economy around. Maybe the poor sap that sells it to me that makes minimum wage (something raised btw last year my Democrats) can make a little extra in commissions.WASHINGTON (AP) — President Bush says the economy is structurally sound for the long haul, and that the stimulus package approved by Congress will help deal with uncertainties in the short term.
The president signed an economic report to be delivered to Congress, an annual tradition like his State of the Union address and his budget proposal.
On Wednesday, Bush expects to sign the stimulus package of tax rebates and incentives for businesses. He said "money will be going directly to American workers and families and individuals."
Does anyone buy the fallacy that $600 in our pockets is going to do any good? All this "stimulus" package does is hand approx $80 billion to corporations through tax cuts and about $70 billion disbursed for the rest of us. That is not a solution to the possibility of long term disaster. What we should be doing is focusing on eliminating our debt, starting to save more and stop wasting money in Iraq to pay for social service programs that people here in America need today.
Unfortunately anything that comes close to making sense economically will probably have to wait until the next Administration comes to office on January 20th of next year. Sigh.
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