Monday, October 11, 2004


"...can the US economy afford four more years of what the first four years of the Bush/Cheney administration has brought? The statistics are appalling. Average family income has fallen with median incomes down $1500 in real terms; over one million jobs lost, the first administration since the Great Depression to see an actual decline in jobs; the number of Americans not covered by any form of health insurance up by 5.2 million; the number of Americans in poverty up in the last year alone by 1.3 million; a budget deficit that is now 5% of GDP whereas it was a surplus of 2% of GDP in 2000; record trade deficits that are now higher than they were in 1987 when the markets crashed; and tax cuts that basically only benefited the richest. And this is to say nothing about the quagmire in Iraq; a war that was based on lies (no WMD and no ties to Al Qaeda) and that has been deemed in numerous circles as illegal."

From: Slowing Economy, Bullish Market!
by David Chapman

"Never has such economic ruin been committed in the name of American capitalism. Never has the gulf between the haves and the have nots been so wide. Never has the US fallen so far away from its heritage of the moral high road as compared to those that opposed it. Never has this country tolerated outright rape, murder and pillage by public corporations. Never before could corporate executives commit crimes and simply pay fines to the SEC for a "get out of jail almost free card." Never has there been such a double standard in the courts between corporate criminals and the poor ghetto kid who steals a car. Never has the management of public entities gambled with such reckless abandonment their sacred trust to shareholders not to mention the capital of the corporation."


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