The Self Made Pundit
Tuesday, August 12, 2003
VACATIONING IN BUSHWORLD: Orlando had better look out because it is facing fierce competition from a new contender for the title of the most fantasy-filled vacation spot in America – Crawford, Texas.
Forget about Disneyworld and Universal Studios, the leading theme parks of yesterday. Soon, they will join the aging Weeki Wachee Springs water park and its sad mermaids as vacation spots that have been overshadowed by the latest theme park dedicated to the fantastic.
Welcome to Bushworld, the theme park dedicated to entertaining President Bush with fantasies about his policies as he vacations in Crawford. As the Associated Press is reporting today, Bush is going to be treated to a fantasy-filled revue on the economy performed by his cheerleading cabinet secretaries:
When President Bush gets a state-of-the-economy report Wednesday, there will be hearty agreement all around the table that his tax cuts are spurring a recovery.
There won't be dissenting views because the president's own economic team will be presenting the report at Bush's ranch, unlike last summer when he heard truck drivers, welders, investors and business leaders pour out anxieties about lost jobs, falling stock prices and corporate corruption.
This year the discussion will be led by Treasury Secretary John Snow, Commerce Secretary Don Evans and Labor Secretary Elaine Chao.
Away from the ranch, there's no shortage of skeptics about Bush's policies. Some prominent critics said Tuesday that Bush is digging a deficit hole that will severely hurt the economy in time.
“Current economic policies are the worst in our 200-year history,” said George A. Akerlof, who shared the 2001 Nobel Memorial Prize in Economic Sciences. “Within 10 years we are going to pay a serious price for such irresponsibility.”
Akerlof took part in a conference call in which economists – including former Clinton advisers Gene Sperling and Laura D'Andrea Tyson – said that Bush's tax cuts are not stimulating the economy and are producing structural deficits that will hurt over the long run.
White House officials say the ranch meeting is intended to review how Bush's tax cuts have helped the economy.
They’re going to review how Bush’s tax cuts have helped the economy? Boy, that’s going to be a short meeting!
The nation's unemployment rate stood at 6.2 percent in July; businesses cut jobs for the sixth month in a row, and the administration announced this summer that in part because of the weak economy the budget deficit will soar to $455 billion this year and $475 billion in 2004, both records in dollar terms.
The list of Bush’s economic accomplishments does not stop there. Bush’s disastrous economic policies have also resulted in the economy losing three million jobs since he became president. This administration is on track to become the first presidential administration since Herbert Hoover’s to experience a net loss in American jobs.
Bush’s economic record is so dismal even Bush has come to realize that he has to take decisive action. Unfortunately, Bush can hardly be expected to take any action that goes against the tax-cutting interests of his corporate and wealthy backers. So Bush is resorting to his standard response of pretending that his disastrous policies are succeeding as he cheerfully proclaims that peace and prosperity are just around the corner.
Since Bush is intent on constructing a massive fantasyworld to tout his record-breaking economic policies, perhaps he could actually accomplish something useful by buying the collapsing Weeki Wachee Springs water park and transporting it to Crawford. I’m sure those struggling Weeki Wachee mermaids would be excited to put on a show touting the administration’s economic achievements.
The Weeki Wachee mermaids would certainly have more credibility discussing the nation's economy than the incompetents who gave us this mess – Bush and his team of economic cheerleaders.