Dubya’s “Taxing” Demagoguery On The Economy

President Highest Disapproval Rating In Gallup Poll History thus sayeth the following here… (not sure why CNN mixed this with a story on North Korea - maybe to lessen the blow of bad news..??).

Bush said people are looking to leaders in Congress to take action, but "all they are getting is delay."

Speaking from the Rose Garden, Bush blasted Congress for not doing enough to address Americans' financial fears.

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Asked if he was premature in saying the economy is not in a recession, Bush said "the average person doesn't really care what we call it."

"The average person wants to know whether or not we know that they're paying higher gasoline prices and they're worried about staying in their homes," he said.

As if he would know anything about “an average person”…

It is truly incomprehensible for this man to blame anyone else but himself and his puppet master Deadeye Dick for the price of gas, considering that he said during the 2000 presidential campaign here that he would use his “force of personality” to help the Saudis “increase the supply” (the first clue to our corporate media that something was wrong with this guy, to say nothing of the tax cuts he has showered on his friends in the energy business who have delivered only more misery at the pump in response...more on them in a second).

And as far as the economy is concerned (more “department of the obvious” stuff, I know, from here)…

(Dubya’s tax) cuts were an utter failure. Business investment has always recovered after a recession, but this was the most sluggish recovery in memory. As a result, business investment has grown 65% more slowly since the peak of the business cycle five years ago than the average for similar periods after nine cycle peaks in the last 60 years. (A business cycle includes a recession and the expansion until the next recession. The peak of a business cycle occurs just before a recession.)

In the recession and recovery of 1990-1994, instead of cutting taxes, Presidents George H.W. Bush and Bill Clinton signed tax increases into law. Yet businesses’ investment grew much faster during that recovery than it has during the last four years.

The Bush tax cuts have been a waste precisely because they were targeted at business owners and the wealthiest Americans, rather than the average consumer whose increased demand and consumption would have made it sensible for businesses to invest.

(And speaking of the economy, as well as the price of gas...).

265 days and counting, people…