Comments on: GAO Wants Bush Administration to Wake Up to Economic Problems

By: Now That Dems Rule Will The GOP Be Against Democratic Tax Cuts? - Page 8 - Debate Politics Forums

Tue, 25 Nov 2008 08:33:30 +0000

[...] Have Played Much Larger Role Than Domestic Spending Increases In Fueling The Deficit, Rev. 1/31/05 Pensito Review GAO Wants Bush Administration to Wake Up to Economic Problems New CBO Report Shows Dire Consequences of Bush Tax Cuts, AMT Patching – Budget Projections – [...]

By: Can we trust the Democrats? « Thiswayfollowme’s Weblog

Can we trust the Democrats? « Thiswayfollowme’s Weblog — Fri, 22 Aug 2008 03:15:35 +0000

[...] http://www.pensitoreview.com/2005/12/26/gao-wants-bush-administration-to-wake-up-to-economic-problem... [...]

By: gonnuts

gonnuts — Tue, 27 Dec 2005 01:12:44 +0000

Long ago, a physics professor friend of mine tried to explain simply what’s coming in our lifetime relating to what is was he taught.

He said:”You keep on taking and taking, without ever giving something back, you create a void. Once that void becomes a point of such imbalance it takes over – all at once.” Like sucking the air out of a barrel eventually that barrel implodes as it would explode if you did the opposite. Or if the poles of the Earth would in the blink of an eyes suddenly switch.

Anyway, we’ve near reached critical mass. Not just from the economic bubble that’s about to burst, or from the fascism that has taken hold, economic collapse will hasten their cause, to the near collapse of basic affordable services, every things about to implode and explode. And when this one hits it’s going to set a new standard for depressions. This next Great Depression will make like calling Hurricane Katrina a thunderstorm.

Me, I’m glad I’m old.

By: Brian de Ford

Brian de Ford — Tue, 27 Dec 2005 01:04:25 +0000

Cheney claimed executive privilege?

Umm, but recently Cheney claimed (over travel expenses) that his office was NOT part of the executive. I happen to agree with him. The only role assigned by the Constitution to the VP (except when he is acting as President) is as President of the Senate. That puts him firmly in the congressional branch.

Which means he was wrong (and possibly perjuring himself) when he claimed executive privilege.

By: Stephen Kriz

Stephen Kriz — Tue, 27 Dec 2005 00:07:32 +0000

Len,

Good points all. The recklessness of the Bush administration, and their unwillingness to acknowledge the consequences of their actions concerning so many things, will burden this country for many years to come. Trickle down economics clearly is a failure, even by Bush’s own measures. The GOP predicted that Bush’s tax cuts would produce 10 million new jobs. They haven’t come close. But, like an addict that can’t admit they have a problem, they keep cutting taxes. It is pathetic to watch.

What was that nonsense about “grown-ups” taking over, after the Clinton administration? What a sad lie…

Thanks for the astute comments.

Steve Kriz

By: Len Hart

Len Hart — Mon, 26 Dec 2005 23:47:28 +0000

The U.S. Census Bureau has all the stats one needs to prove beyond any reasonable doubt the utter failure of “trickle down” economics. The years immediately following WWII were, arguably, the most egalitarian in our history. The years following Ronald Reagan’s infamous tax cut of 1982 ushered in an era in which only the affluent have prospered. It’s bad enough that only the upper quintile prospered until well into Clinton’s second term, but what compounds this partisan sin is the fact that of the upper quintile, the elite 1 percent of the population increased their wealth exponentialism. If you can find the bar charts that were used in Dr. Weinberg’s various presentations, it will be made clear in blue and white. Because of misguided or incompetent GOP policies, America has become a land of a few elite “haves” and an increasinly impoverished “have nots”. The middle class is living on credit cards.

By: robin phillians

robin phillians — Mon, 26 Dec 2005 23:13:41 +0000

That is what I’ve been saying for years now. Bush’s lack of concern for the economy i.e, tax cuts for the rich,etc. fighting a war, without sacrifice of any kind and spending like a drunken sailor is leading this country in a downward path, with the likes that havent been seen since the depression. But then again,maybe thats what he has in mind. To rewrite a constitution is his own image.After all, they have been going after the “new deal” of Roosevelts since the beginning

By: S

Mon, 26 Dec 2005 23:12:05 +0000

This article should be translated into English-without-argot for those readers who do not speak financialese but would like to extract a little more than the vague gist!