A place to rant about politics, the media, and especially the electorate. Much like alcohol, the electorate is both the cause of, and the solution to, all of America's problems.

Location: Seattle, Washington

Wednesday, October 06, 2004

Even business schools hate bush...

In a letter to bush, they write:

As professors of economics and business, we are concerned that U.S. economic policy has taken a dangerous turn under your stewardship. Nearly every major economic indicator has deteriorated since you took office in January 2001. Real GDP growth during your term is the lowest of any presidential term in recent memory. Total non-farm employment has contracted and the unemployment rate has increased. Bankruptcies are up sharply, as is our dependence on foreign capital to finance an exploding current account deficit. All three major stock indexes are lower now than at the time of your inauguration. The percentage of Americans in poverty has increased, real median income has declined, and income inequality has grown.

There you go.

But I especially love this part:

We also urge you to consider the distributional consequences of your policies.

LOL - (a) bush is not able to parse such sentences, and (b) bush knows and embraces the consequences of his policies - that's the problem.

At some point, people have to get their heads out of their asses, and come face-to-face with the fact that bush isn't even trying to do good. Quite the opposite, in fact.


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