The Bubble Boy Babbles
It seems the theme of the week here has been about the rough times everyone is having. Money is tight for most of us — the more we make doesn’t necessarily translate into the better off we are.
Especially if you have the financial rug pulled out from underneath you.
The Bush Adminsitration has been telling us all along that the dollar is strong, the economy is robust and things are a-growin’. Yet down here in the real world, where most of us live and work, we just aren’t seeing strong and robust.
We are seeing inflation.
The gas for my car is now at $3.42 per gallon at the cheap Arco station. When Bush came into office, it was about $1.05. Then it went to $2.05, and $3.05. It has literally trippled since Bush came into office.
But we only really notice the pump price.
We don’t notice the fact that it takes fuel to get goods to the market. If the cost of that fuel tripples, then it is going to be reflected in the cost of those goods. So EVERYTHING goes up.
Except our wages.
In most cases, our wages have remained roughly the same over the past seven years, and in some cases have actually dropped. There are less jobs paying good wages today than there were at the beginning of Bush’s term. The only real job creation has been in the lower-paying service jobs such as McDonalds, etc.
Construction jobs are now lower paying because of the huge influx of cheaper labor. Other manufacturing jobs have been moved offshore, and those that remain are paying less money because it is an employer’s market. (for you free market people: the supply of employees is high, and the supply of employers is low. Therefore the employers can enjoy cheaper labor costs)
But here we have President Bush at a press conference today with the following observations:
“I’m concerned about the economy,” he said. “I don’t think we’re headed to recession. But no question, we’re in a slowdown.”
Slowdown? More and more people are going deeper and deeper into debt because they are having to rely on credit or payday loans to get them through the month. Their income is not keeping up with the costs. Bush’s government is doing the exact same thing: borrowing obscene amounts of money while at the same time cutting taxes on the rich. The big ticket items, such as the war in Iraq, are deliberately kept off of the budget so that it appears that things aren’t as bad as they really are.
On one issue particularly worrisome to American consumers, there are indications that paying $4 for a gallon of gasoline is not out of the question once the summer driving season arrives. Asked about that, Bush said “That’s interesting. I hadn’t heard that. … I know it’s high now.”
Yes it is high right now, you jackass! It is a direct result of your policies that has caused the price of oil to skyrocket, and the oil companies to pocket more money as profits than any other company or industry in history. YOUR industry, YOUR friends.
“I believe that our economy has got the fundamentals in place for us to … grow and continue growing, more robustly hopefully than we’re growing now,” he said. “So we’re still for a strong dollar.”
Define growing, bunnypants. If you mean the continous siphoning of money out of the middle class and redistributing it amongst the top one percent of the people, then you are doing a bang-up job. I know that your people are looking for a payback from the policies of the New Deal and the Great Society, so you are trying to grab back as much as you can — while you can.
Bush criticized the Democratic presidential candidates over their attempts to disassociate themselves from the North American Free Trade Agreement, a free-trade pact between the U.S., Canada and Mexico. Bush said the deal is contributing to more and better-paying jobs for Americans.