An intelligent post would have pointed out that most of the problems in this country right now from an economical perspective have nothing to do with Bush. He was handed a bubble economy from Clinton. Greenspan and his handling on interest rates was responsible for the housing bubble and subsequent problems. The oil problem has three culprits. First, the lack of any planning by any presidency ever since the 1970's oil shock. Second, the ability of speculators to post just 5% to buy oil futures on margin (For those who do not understand this ask me and I will further explain.). Finally, the growth of other global economies that require oil that we and they never dreamed of a decade ago (China adds 25,000 new cars to the road each and every day).
I am not a huge Bush supporter. However, I think proper perspective should be noted when discussing the current ills of our economy. I also think a lot of what Osama wants should be further examined from a consequence perspective. Who is going to contribute to charity? He wants to tax the heck out of the rich and those who do better than most. What will happen to the stock market when the current tax situation expires on 12/31/10 and in the months leading up to then? Who wouldn't sell a winner if you are going to be maybe half as much in taxes. What will happen to the economy as a whole if his socialist desires win out? Take a look at NYC in another year or back in the early part of the decade when the wealthy struggle. Yep, NYC, though just a microcosm of the country, struggles hugely when Wall Street struggles. Watch later in the year and next year and you will see. What happens to those who will get hit with much higher taxes and AMT who are making less than $100k? Yeah, they get screwed also. What about foreign affairs? For or against the current war, does Obama have any experience here? Ah, no.
Think before pooping on the current pres. I am not a huge fan either, but his responsibility is limited more than many of you might think.
QUOTE(jetscott @ Jun 26 2008, 09:08 PM)
