Originally posted by starcraft tom:
Stl hd (I think) asked me how I could support bush. Easy. He’s defeating our enemies and creating a atmosphere were the economy can continue to build and thrive.
He hasn't defeated our enemies. Just yesterday, Tom Ridge got on the tube and said that Bin Laden is planning a big one. Instead, we have gone into a country that had nothing to do with the threats we faced, spent a lot of money, killed a lot of people, supposedly to address this threat, and then yesterday, we hear we are still at risk. He killed a bunch of guys we didn't like, supposedly to make us safer. Maybe you feel safer, I don't.
He also hasn't bolstered the economy. We have the largest deficits any country has ever known, and the Bush administration won't even say that spending money we don't have is something that we ought to try to avoid. The stock market is flagging, employment is weak, and our industrial infrastruture is heading overseas rapidly.
I don't say this to tout Kerry, who I'm not sure is much different or better economically. It just bothers me when people tout Bush as being better for the economy when he demonstrably isn't. Bush is better for business owners. Not business, just business owners. If you own a business, Bush is great for you. If you are rich, Bush is great for you. If you are a taxpaying wage earner, are planning to use social security, or are counting on your savings to support you during retirement, well, at the very least, the jury is out.
On tax cuts, we have heard for almost four years now that the tax cuts are stimulating the economy. Well, the stock market is at less than half of what it was when Bush took office, unemployment is still high, we have a net loss of jobs during his term, and American jobs are heading overseas at a record pace. That doesn't sound like the economy is overly strong to me.
Now, you may still wish to vote for Bush, and I respect that. But I have 30 years of business experience, an accounting degree and an economics degree. I and nearly every other economist in this country will tell you that Bush's policies are not growing our economy. His deficits are creating a trainwreck that will happen when we need to retire. And all we hear from him and Cheney is that "deficits don't matter". That's what they thought in Argentina, pre WWII germany, and Brazil. All of whom crashed in hyperinflation due to deficit spending.
Those who do not study history are condemned to repeat it.