Is Bush the Second Coming?- Bush's poverty machine
and the afflicted when he has no one to help him.
He shall have pity for the lowly and the poor;
the lives of the poor he shall save.
By Chris Dykstra
Posted on Fri Aug 27th, 2004
Does this really surprise anyone? It has long been known that the Bush economic policy of huge tax cuts for the wealthy, consistent deregulation of the workplace combined with downward pressure on wages, combined with agressive outsourcing, combined with slashed overtime equals a poverty machine.
Opinion ::
Now, I am a capitalist. I believe that capitalism harnessed through the American economy is the most powerful force for positive change in the world. It is not the government’s job to manage the economy so much as it is to manage the structure in which the economy flourishes. The government must provide the roadmap and the rulebook. When the roadmap and rulebook aggressively seek to redistribute assets and resources upwards, a sound economy is impossible because the people that drive it can't afford quality of life. A sound economy means that the people that live in it have a decent shot at achieving their dreams.
Back in June, I wrote:
The treasury is being pillaged by President Bush and the wealthy Republican supporters who paid for the privilege. As a result, negative social consequences will emerge. If Bush is re-elected and his policies become permanent, they will mark the character of the near American future. Families and small businesses can expect an increase in bankruptcies. Those on the edge of the poverty line will move closer to poverty through lower median incomes. Many workers will feel the bite as the workplace becomes hostile. Of particular concern is of course the effect on children as foreclosures increase and health insurance gets harder to come by.
Now the numbers have come home to roost. How much more evidence do any Republicans and Independents who may still be open minded need before they renounce the economic direction this President is taking us?
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