Bush and O'Reilly, in denial.

According to O'Reilly, it's the war in Iraq, gas prices and the weak
governmental response to Katrina that is dogging Bush's ratings in the
polls. If that is all there is to it, then there is a chance for Bush to
re-ingratiate himself to the public before the end of his Presidency.
Unfortunately, O'Reilly is off on his assessment of Bush for the very same
reason that Bush and many Republicans can not and will not face the real
reason for Bush's fall in popularity, namely, Bush's larceny towards the
middle-class.

As an economist and professor, I've been telling my students since Bush's
highly successful re-election that Bush has committed the unforgivable and
will never be respected by the American public again, that is, history will
condemn him as a political fraud, a phony. Here's why. Bush said he had
collected capital in the last election and now he was going to cash that
capital in. So what did he do, he attempted to kill Social Security, to take
away health benefits for American workers, to take away interest deductions
on mortgages, to flood America with cheap labor, legally or illegally, and
run deficits so high through enormous bouts of federal spending that
Congress would be forced to raise payroll taxes to save the government from
default. This was the precious capital that Bush thought he earned in the
last election. The man with the MBA from Harvard, the man who wears a cowboy
hat, talks like he's a Texas dirt farmer and waves both the Bible and the
Koran around the White House. This was his precious capital.

Unfortunately, for people like Bush and O'Reilly, the cat is out of the bag.
The American people are waking up to Bush and what he really is and they
don't like what they see. O'Reilly had better wake up and smell the coffee
before he suffers the same fate as the President. Forget the flat-unfair
tax and value-added consumption tax, American's want healthcare, they want
to own a home and they want vertical equity in the structure of taxes.
Americans are smart, they know that Capitalism can work for the poor and the
middle just as well as it works for the Bush-O'Reilly super-rich.

Chas.


.

Relevant Pages

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