BUSH STILL AWOL ON THE ECONOMY

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Tag(s): Americans-Things American; Bush Administration Incompetence; Bush Failed Fiscal Policy; Bush Failure-in-Chief; Bushonomics; Economy Built On Debt; Economy Recession; Economy-Economics- US; Indiana; Inflation; North Carolina; Oregon; Oregon; Responsibility; Salon; Sonoma; Sonoma County; Video
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May 1, 2008 at 16:07:59

BUSH STILL AWOL ON THE ECONOMY

by Allen L Roland

http://www.opednews.com

George W Bush has absolutely no clue as to what is happening to the American economy nor does he care. All he cares about is avoiding responsibility at all costs and blaming the Democrats if the economy tanks during his watch: Allen L Roland

Watching Bush explain soaring energy and food prices during a recent press conference is a good example how AWOL the President still is on the economy.

Here are the facts ~ Using the government's jury-rigged CPI, inflation is running at 4%. ( actually 11% ) ~ and with yesterday's cut, the Fed funds rate is only 2%.

That means the real interest rate (minus inflation) is a full two percentage points below zero!

The point of changing the CPI measurements, was to lower increases in entitlements (esp. Social Security) or, in other words ~ screw the senior retirees !

Scott Bateman ( Salon ) brilliantly captures the true meaning of Bush's incoherent mutterings about the economy. Click on two minute video and enjoy ~

Bateman: Bush tackles soaring food prices

If you're not outraged ~ you're on life support.

Allen L Roland http://blogs.salon.com/0002255/2008/05/01.html

Freelance Online columnist and recognized therapist Allen L Roland is available for comments, interviews, speaking engagements and private consultations consultations ( allen@allenroland.com )

Allen L Roland is a practicing psychotherapist, author and lecturer who also shares a daily political and social commentary on his weblog and website allenroland.com He also guest hosts a monthly national radio show TRUTHTALK on www.conscioustalk.net

Take action -- click here to contact your local newspaper or congress people:
IF YOU'RE NOT OUTRAGED , YOU'RE ON LIFE SUPPORT

Click here to see the most recent messages sent to congressional reps and local newspapers

http://www.allenroland.com

Allen L Roland is a practicing psychotherapist, author and lecturer who also shares a daily political and social commentary on his weblog and website allenroland.com He also guest hosts a monthly national radio show TRUTHTALK on Conscious talk radio www.conscioustalk.net