Remember when the senior, elected Bush told America not to worry about the economy? He told us "Don't worry, be happy." That was the old Bush economic policy. Ignore the recession, ignore people's suffering, ignore the issue.
Well, his son is no better. He is also telling America not to worry about the economy.
Wheat, oil, milk, and corn prices all are reaching unheard of highs, making it harder than ever for working class and middle class Americans to make ends meet. Hedge funds are on the brink of failing. Bankruptcies are at new highs, leading to emergency bailouts of banks like Bear Stearns and fears that those banks could fail [1]. The deficit is at an all time high. About the only things going down are wages, employment and the value of the dollar. We have those twin threats of inflation AND recession, a combination we used to call stagflation, though people seem scared to actually utter that word. Simply put, the economy sucks and Americans are hurting.
So today George W. Bush decided to reassure us about the economy [2]. Don't worry about it, we are told. Everything's fine.
The immediate response to this "reassurance?" Stocks fell more than 200 points.
I don't think anyone is reassured. We all remember the Bush lies about the economy: Don't worry, be happy...
And John McCain, now practically an adopted Bush [3], offers us more of the same failed Bush policies. Message to the Republican Party: It's STILL the Economy, Stupid!
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