My Letter to the Editor regarding the Bush Economy

April 28, 2006

To the Editor:
A different perspective
I read your Thursday editorial praising Bush’s record on the economy (“Bush’s White House deserves some credit for a strong economy,” p. 7) and felt the uncomfortable need to retch.

Maybe such a boastful perspective on Bush’s economic successes requires a pair of Enron-colored glasses or the bank account of a billionaire. The truth is, the average worker in this country has seen no benefit from Bush’s economic policy.

Here are some facts. The medium income for workers has dropped every year since Bush has been in office. Household debt is through the roof. In 2005, for the first time since the Great Depression, Americans borrowed more than they earned. Health care costs have skyrocketed along with what we pay at the pump. Gas prices are up 62 percent since 2001. College tuition is up 40 percent. Corporate profits are at a 60-year high, while workers wages have remained stagnant.

The economic climate under Bush is great if you’re a billionaire. Under Bush, a record number of billionaires have been created, and oil companies have seen record profits. This should come as no surprise, when almost every major player in the Bush regime is a former oil executive.

So what does this say about Bush’s trickle down theory and his tax cuts to the rich? The only thing working Americans are seeing trickle down are higher costs and lower incomes. If serfdom for the working class is the goal of Bush’s economic policy, he’s done one heckuva job.

37076
Cecily Friday

To read it in the City Paper Click Here

To read the letter I was responding to Click Here