Saturday, April 29, 2006

A Tale of Two Economies.

The Commerce Department reported that the economy grew 4.8% last quarter.

Bush said, "This rapid growth is another sign that our economy is on the fast track,".

And can you think of anything that Bush has been wrong about?

Someone must be doing awfully well.

And the economy isn't the only thing that's going up. So are mortgage foreclosures, 72% rise this last year. Worker compensation is half of the rise of inflation.

What this means is that, while the wealthy are reaping the benefits of this surge in the economy, and the people that are producing that surge, the working people in this country, are working harder for less.

Remember Trickle Down Economics? Well, this is it. But the benefits that it produces evaporates before it trickles down to the working class. Something they didn't tell us about when they were promoting it.

This is exactly what Republicans dream of.

1 comment:

  1. redneck liberal? sounds like you are dixiecrat without a racist feelings and with a desire to abolish the pentagon.


I did not mean that Conservatives are generally stupid; I meant, that stupid persons are generally Conservative. I believe that to be so obvious and undeniable a fact that I hardly think any hon. Gentleman will question it.

John Stuart Mill (May 20 1806 – May 8 1873)