04/26/05

George W. Bush's economic policies have been based on an extraordinarily reckless gamble that reflects a political coalition of two major forces: the super-rich and evangelical Christians. As those policies fail, global financial markets are reacting negatively, adding uncertainty to the world economy, and there is little relief in sight, because America is entering a period of prolonged political infighting and stalemate. The super-rich were motivated to join the Bush coalition by one overriding objective: tax cuts. ... Bush believed that tax cuts for the rich would one day be balanced by cuts in spending, but never explained this to the public." [editor's note: Interesting to see such a charitable statement about Shrub coming from an allegedly "leftist" source. Me, I don't credit GW with that much integrity! - SAT]

http://tinyurl.com/e2eku

from Tom Paine, by Jeffrey D. Sachs


Informant: Thomas L. Knapp