Sunday, December 2, 2007

BRILLIANT article



http://www.vanityfair.com/politics/features/2007/12/bush200712?currentPage=1

After reading this article, I printed it out and put it on my wall. I've always had a fascination with economics since taking classes at NU and this article systematically tells you the consequences of Bush's spendthrifting ways and dunderheaded economic policies. Since when did conservatives become so "liberal" with regards to spending government money? Atleast liberals have the good sense to raise taxes instead of spending money that doesn't exist.

Probably one of the most poignant points in this article is the mention of the weak dollar. In itself it is not necessarily a bad thing. It makes goods cheaper relative to Europe, which means Europeans come here and buy thousands of dollars of goods and help retailers. However, when people on the forex market have such a poor opinion on the validity of our currency because of our president and the state of affairs in our country, it's hardly a good thing. It's a symbol of economic malaise.

Another point that especially stuck out is how the government has been borrowing the past six years to help consumers keep up their own consumption. Where should that money have gone? Oh I don't know, maybe infrastructure, education, fixing Medicare and Social Security...but it's not like we're lagging behind in brain capital, had oodles of natural disasters and bridges falling, and a looming crisis with baby boomers getting older and older, right?

Anyways, read the whole thing, it makes you feel enlightened afterward and gives you rational reasons to want Bush out of office.

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