Tuesday, March 18, 2008

King George Has The Guano Touch

That is to say, everything he touches turns to fertilizer. And I'm not just talking about the stuff that comes out of his mouth. With less than a year left, I thought that Mr. Bush had applied his Guano Touch to just about everything that he could. Turns out I was wrong.

But first, let's review a small sampling of his highlights:

On these points alone Bush's touch would put King Midas to shame.

And that's the edited version. But it turns out that all of the, miscalculations, manipulations and acts of malfeasance were merely the appetizer and entree'. For dessert, Mr. Bush is serving up the coup de'grace:


Now I'm not talking your average, sluggish economy type of recession. I'm talking about a "holy crap, one of the major investment banks went down for the count, better fasten your seatbelts it's going to be a bumpy ride," type of recession.

The evidence:

  • Energy prices, both for crude oil and at the gas pump, are at an all-time high.

  • The value of the dollar against foreign currencies has dropped dramatically. As this is written, one U.S. dollar will get you; .63 Euros, .49 British Pounds, 99 Japanese Yen (the lowest it's been in 12 years) and get this, .99 Canadian Dollars. That's right, our currency and that or our neighbour to the North is essentially equal!

  • A 738 billion dollar trade deficit, which is not the record. 2006 holds that honour.

  • The collapse of Bear Stearns, a top five global investment bank. Why is this important? These are the organizations that move capital into the economy on a grand scale.

  • The delinquency and foreclosure rate for home mortgages is 7.3 percent, the highest it's been since the Mortgage Bankers Association began tracking it in 1979.

Now the Bush White House will tell you now that we're in a severe economic downturn and the truth is, whether it's technically a recession or a downturn, it's getting ugly out there.

Here's why:

The President largely ignored developing a cogent domestic agenda. And when he was paying attention to domestic things at all, he focused on hot button issues; defense of marriage acts, stem cell research, immigration.

While some of these issues are worthy of debate, they tend to be emotional issues that don't really impact the average American on the day to day. What does affect the average American is the rising cost of healthcare, rising energy prices, jobs that are heading out of country, etc., etc., etc. These are foundation blocks of a modern economy and they impact a nation's long term fortunes.

In the end analysis, had the President put effort into developing sound policies instead of throwing a small amount of money at people through tax cuts, we would likely be in a very different economic situation.


Anonymous Anonymous said...

If only. At least guano has some redeeming ecological and economic value.

7:30 AM  
Blogger Josh Goller said...

In this day and age you have a lot to be pissed about, that's for sure.

Here's some political satire to take the edge off. If you like it, feel free to add it to your links:

McCain Plays AARP Card

10:44 AM  
Anonymous Anonymous said...

You missed the point completely John! Let me explain:

It all makes perfect sense when you realize that immigrants, those non-christian resource suckers are at the heart of all our woes. Now by making the US a complete Sh%%Hole, no one will want to come. We don't need to build the fence(Savings), enforce the border(Savings), those pesty immigrants won't be causing crime(Savings) so our prisons won't be as full(Savings) and dropping their babies everywhere(Savings) and on and on. The terrorists will take one look and say- man those guys have it tough- lets leave em alone.

Makes perfect sense!

9:25 PM  

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