No work, no home: policies that sow destitution

[TeeYiYi]

No work, no home: policies that sow destitution
Bob Herbert NYT
Friday, August 15, 2003

NEW YORK Talk about preaching to the choir. President George W.
Bush and his clueless team of economic advisers held a meeting at the
president's ranch in Crawford, Texas, on Wednesday. This is the
ferociously irresponsible crowd that has turned its back on simple
arithmetic and thinks the answer to every economic question is a gigantic
tax cut for the rich.

Their voodoo fantasies were safe in Crawford. There was no one at the
ranch to chastise them for bequeathing backbreaking budget deficits to
generations yet unborn. And no one was there to confront them with
evidence of the suffering that so many poor, working-class and
middle-class families are experiencing right now because of job losses on
Bush's watch.

After the meeting, Bush said, "This administration is optimistic about job
creation."

It's too bad George Akerlof wasn't at the meeting. Akerlof, a 2001 Nobel
laureate in economics, bluntly declared on Tuesday that "the Bush fiscal
policy is the worst policy in the last 200 years." Speaking at a press
conference arranged by the Economic Policy Institute, Akerlof, a professor
at the University of California at Berkeley, said, "Within 10 years, we're
going to pay a serious price for such irresponsibility."

More: http://www.iht.com/articles/106400.htm

TYY

[revcarol]

1. Yeah, the full results down the road will hit during a DEMOCRATIC

ADMINISTRATION.
And Newt baby, fresh from the altar where he married his tenth mistress, will blame it on Clinton.

God save us. The worst is yet to come.

[teryang]

2. This is just the beginning

Not only are they transferring hundreds of billions of dollars to their wealthy cronies and corporations by unfair tax policies, they are just looting the national treasury with their wars and phoney defense programs. With the current demographics it is unlikely that the damage can be undone within one generation if shithead is elected in 2004. Fiscal and Fed policy is being used to disguise the irreparable economic harm being done until after 2004.

This country's economy and society will end up looking like a latin american country before too long. It already has the politics to match.

Apres moi, le deluge.

[PaDUer]

3. You've got that right!

eom

[TeeYiYi]

4. kick

TYY:kick: