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The election of George W. Bush: This generation's greatest tragedy. - Elf M. Sternberg
The election of George W. Bush: This generation's greatest tragedy.
Bruce Bartlett and Andrew Sullivan have the last word on George W. Bush and Villard "Mitt" Romney. Bartlett:
Putting all the numbers in the C.B.O. report together, we see that continuation of tax and budget policies and economic conditions in place at the end of the Clinton administration would have led to a cumulative budget surplus of $5.6 trillion through 2011 – enough to pay off the $5.6 trillion national debt at the end of 2000.

Tax cuts and slower-than-expected growth reduced revenues by $6.1 trillion and spending was $5.6 trillion higher, a turnaround of $11.7 trillion. Of this total, the C.B.O. attributes 72 percent to legislated tax cuts and spending increases, 27 percent to economic and technical factors. Of the latter, 56 percent occurred from 2009 to 2011.
When you check reality you find that Bush had a chance to pay off all our national debt before we hit the financial crisis - giving the US enormous flexibility in intervening to ameliorate the recession. Instead, we had to find money for a stimulus in a cupboard stripped bare - its contents largely given away, by an act of choice. I'm tired of being told we cannot blame Bush for our current predicament. We can and should blame him for most of it - and remind people that Romney's policies: more tax cuts, more defense spending are identical. With one difference: Bush pledged never "to balance the budget on the backs of the poor."

Mitt Romney has no qualms about doing that very thing. And he will, if he is given the chance.
Remember: Romney's economic team looks a lot like Bush's economic team, only without even the slightest bit of lip-service to a "compassionate" conservatism. Romeny is promising, in the way that all politicians promise, that if you vote for him your tribe will be cared for, and fuck the rest. This is what twelve years of outright one-sided partisan warfare looks like: tribalism so vicious and deep that people like Rush Limbaugh, Anne Coulter, Melanie Morgan, Ted Nugent, and Glenn Beck openly and without apology call for the "eradication" and "killing" of people not of their tribe.

We could have had the most powerful country in the world, wealthy, debt-free, and capable. Instead, thanks to the twin toxins of a proudly ignorant religious class and a viciously combative rentier class, we're well on our way to being Ghosts with Shit Jobs.

Current Mood: furious

1 comment or Leave a comment
tagryn From: tagryn Date: June 18th, 2012 10:38 am (UTC) (Link)
reply went to spam folder, I think.
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