Tag: Dubyanomics

The Art of the Kickback.

Meanwhile, Dubya has less to say about a sweetheart corporate tax package being pushed through Congress by the GOP, one that offers ridiculous handouts to various Republican-leaning business special interests. “[W]hat started as an effort to repeal a $5 billion-a-year subsidy has grown into one of the most significant corporate tax measures in years. The Senate bill, 980 pages long, includes more than $167 billion in business tax cuts over 10 years, handing out favors to NASCAR racetracks, foreign dog-race gamblers, Oldsmobile dealers and bow-and-arrow makers, to name a few.” Hmmm…might be time to invest in bow-and-arrow futures. Update: The bill passes the House.

Yet again, Fuzzy Math.

This won’t be news to most people out there, but nevertheless: The Bush White House has been lying about job creation for awhile now. “Over three years, the administration has repeatedly and significantly overstated the government’s fiscal health and the number of jobs the economy would create,” reports Dana Milbank of the Washington Post. Surprise, surprise, surprise.

State of Fear.

In case you missed the State of the Union address last night, this cartoon anticipated the upshot: terror, terror, terror, 9/11, 9/11, fear, fear, fear, steroids, thank you, good night, and God bless the USA. It’s wonder they didn’t pass out little bloody shirts for the Congressional GOP to wave in unison. Well, while this New York Times news analysis of the speech sounds like it was written by the Bush campaign (he “quickly turned” to domestic issues? What is Todd Purdum talking about? Dubya was blathering on about scary, scary terrorists for at least 40 minutes), I gotta think that this speech might’ve played badly to any voters out there concerned about the economy, and this year as always, it’s still the economy, stupid.

Artificial High?

In the wake of last quarter’s surprising economic growth, the Dems ponder calibrating their message on the Dubya economy. Hmm. I’d stay the course for now. A return to a sound economy is good news no matter what party you’re in, but still, one quarter does not a resurgence make. In the wake of mounting deficits and continuing job loss, let’s not let the tax-cut-junkies out there confuse a short-term high for real economic health.

The Riddle of Steel.


Not unlike most of the policies articulated by this administration, Dubya’s protectionist steel tariff has backfired in every way possible. “The strategizing was ‘too clever by half,’ [Bruce] Bartlett, the [conservative] economist, said. ‘It presupposed that nobody was watching what we were doing, and it presupposed that our credibility was of no importance.’” Sound familiar? But, hey, give credit where credit is due…under the Bushies, the rich are getting richer.

Hat in Hand.

While he’s still abusing the terrorism angle to hoodwink us on Iraq (As Howard Dean noted yesterday, the only indisputable thing Iraq has to do with terrorism is that we’ve now chosen it as the place where terrorists can attack us), Dubya at least admitted on nationwide television that unilaterally, we’re in over our head, which I suppose amounts to what alcoholics refer to as a moment of clarity. Yet, with the necessary Iraq funds — even lowballed as they are — threatening to blow the deficit to $525 billion, I do hope that the Bushies realize that the responsibility and sacrifice they’re expecting from the American people, our somewhat skeptical allies, and everyone but themselves in prosecuting this war should preclude any more discussion of a tax cut in the coming year. After all, why shouldn’t America’s wealthiest citizens also have to pay the heavy price for Dubya’s blundering, incompetent, and hubris-ridden diplomacy on the road to war?

Less Money, Mo. Problems.

Dubya ventures to the Midwest to hype the jobless recovery in Kansas City, site of 10,000 recent telecom layoffs. Perhaps he’d do better to sell his tax writeoff plan for the wealthy to a swing state it’s actually helped…that is, if he can find one. (In almost completely unrelated news, Doglover Dubya, via High Industrial.)