July 29, 2001
Reading today about the latest bad economic news I’m wondering what President Bush is planning to do about it.
Think for a
minute about what President Clinton would be doing at the very first hint of an economic slowdown. You know and I know that the guy would be whirling around the country like an Arkansas tornado!
What Clinton Did
To end the last slowdown Clinton’s 1993 budget greatly increased the Earned Income Tax Credit (providing payments to lower-income working families), provided economic programs for the lower and middle class and paid for it all with an increase on the top incomes which eliminated the deficit and freed up money for investment while lowering interest rates. This ushered in the longest economic boom in our history. Every economic group benefited, ESPECIALLY Bush’s top few (who whined about the taxes while their incomes went up dramatically).
So what about Bush
When it looked like a slowdown was starting earlier this year, I remember Bush couldn’t restrain his joy. You could tell he was just so happy to have another thing he could blame on Clinton – with the bonus that they could sell their tax cut as the cure (never mind that it was a huge tax cut for the top 1% mostly taking effect years down the road.) On the rare occasions when his handlers let him near a camera Bush would “talk up” the slowdown. His cabinet was out telling business leaders that things were turning sour, doing everything they could to get that economy hurting.
Does Bush care?
So now the economy is hurting. And what is the Bush administration doing about it? Nothing. It’s like he hasn’t even noticed. Bush hasn’t given a single press conference and almost no other public appearances in months! Worse than doing nothing, we’re getting fed right-wing ideological free-market religion while they allow the corporations to define the entire agenda of the country. Greenspan says eliminate the minimum wage. Bush says put Social Security money into the stock market. And meanwhile the IRS sends us letters containing Republican Party slogans.
During the presidential campaign George W Bush said that his guiding philosophy is “What Would Jesus Do?”
I wish he would consider changing this to “What Would Clinton Do?”
© 2001, Dave Johnson
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