Category: Dubyanomics

The Trouble With Dubya.

“[A]s those who believe that he is following a wise course shrink to an almost insignificant remnant, as the very architects of the policies he now defends repudiate their own work, as the political cost of his current path becomes increasingly apparent to almost any sentient person, Bush — who may still have time to redeem at least some part of his legacy — still appears to be oblivious both to the downward spiral of his presidency and to his own likely place in history.” Ted of The Late Adopter points the way to New York Magazine‘s roundtable discussion of Dubya’s mindset these days, which includes a diagnosis by my advisor/employer, Alan Brinkley. (Other notable participants include Dahlia Lithwick, Jonathan Alter, Ted Sorenson, Melvin Laird, and Gary Hart.)

Bottom Feeder.

Now, here’s a guy who hopes there’s something to this Blue Monday business: On the eve of the State of the Union, Dubya faces the lowest poll numbers of his presidency. “Bush’s overall approval rating in the new poll is 33 percent, matching the lowest it has been in Post-ABC polls since he took office in 2001…Equally telling is the finding that 51 percent of Americans now strongly disapprove of his performance in office, the worst rating of his presidency.“

Madam Speaker | Fiscal Constraint.

“For our daughters and granddaughters, today we have broken the marble ceiling. To our daughters and our granddaughters, the sky is the limit.” On a day marked by celebration and the temporary cooling of partisan rancor, the Speaker Pelosi era officially begins in Washington. And, true to their word, the Democratic House got an early start on their “100 Hours” platform, passing a comprehensive ethics reform package 435-1 on Thursday (right-wing nut-job and former Clinton nemesis Dan Burton was the sole opposing vote) and a “pay-go” commitment to a balanced budget (as well as an end to anonymous earmarks) on Friday. “‘The one thing we can say about George Bush and his economic policy is: “We are forever in your debt,”‘ Rep. Rahm Emanuel (D-Ill.) told his colleagues on the House floor. ‘On day number two, Democrats have said, “Enough is enough with running up the debt of this country. We’re going to put our fiscal house in order.”‘”

The Carcetti Dilemma.

“‘When the president talks about staying the course, he never mentions cost as a factor,’ Spratt said. ‘But it is a factor, particularly when you get costs over $100 billion a year.'” Facing very little room to work with, the Dems attempt to sort out the fiscal fiasco Dubya has created over the past six years and counting.

A Legacy of Failure.

“Historians are loath to predict the future. It is impossible to say with certainty how Bush will be ranked in, say, 2050. But somehow, in his first six years in office he has managed to combine the lapses of leadership, misguided policies and abuse of power of his failed predecessors. I think there is no alternative but to rank him as the worst president in U.S. history.” Columbia’s Eric Foner makes the case for Dubya as the worst president ever. Also weighing in on the question: Columbia PhD (and Slate columnist) David Greenberg, Douglas Brinkley, Michael Lind, and Vincent J. Cannato. (I discussed Dubya’s ranking briefly here.)

Come to Daddy.

“I frankly think it’s a natural default from the failure of this advice of the people they had. It was impossible to argue anymore that some of the people who got us into this mess were giving good advice.” With Dubya’s White House in shambles, will Bush 41’s team ride to the rescue? Let’s hope so — I much prefer those guys to the militant neocon wing that’s been holding the reins the past six years. Still, as one observer pointed out: “Bush’s mind works differently from the normal political mind…Maybe these Baker guys can talk him off the ledge, but nobody’s done it yet.”

The Republicans’ Wage War.

“[W]ages and salaries now make up the lowest share of the nation’s gross domestic product since the government began recording the data in 1947, while corporate profits have climbed to their highest share since the 1960’s.” An examination of the economy by the NYT reveals the bitter fruit of Dubyanomics for 90% of the nation: “At the very top of the income spectrum, many workers have continued to receive raises that outpace inflation, and the gains have been large enough to keep average income and consumer spending rising…[but e]ven for workers at the 90th percentile of earners — making about $80,000 a year — inflation has outpaced their pay increases over the last three years, according to the Labor Department.“

Estate of Confusion.

Pathetic…these guys really have no shame. In yet another desperate and disgusting bid to pamper the rich by stealing from the poor, Catkiller Frist and the Senate GOP try to game the Senate Dems into backing a repeal of the estate tax by coupling it with a long-overdue minimum wage hike. To put this ploy in perspective, a recent report “concluded that the estate tax reduction would cut government income by $753 billion in the first 10 years, forcing lower spending for Medicaid, food stamps and unemployment insurance, which help low-wage workers.” Update: Thankfully, the bill failed on a 56-42 cloture vote, three shorts shy of the necessary 60 (Catkiller switched his vote to enable reconsideration later.)

And, in quite related news, new Treasury Secretary Henry Paulson admits the Dubya economy has been leaving people behind: “‘Many aren’t seeing significant increases in their take-home pay. Their increases in wages are being eaten up by high energy prices and rising health care costs, among others.’“

Post-Borns in Poverty = Evildoers?

So, the pre-born aside, how does Dubya feel about the plight of actual, honest-to-goodness post-born American kids living in poverty these days? Well, judging from his recent statements on poverty, or complete and utter lack thereof since Katrina faded from public memory, he couldn’t care less. “Domestic poverty did not come up in his State of the Union address in January, and his most recent budget included no new initiatives directed at the poor.”