Bush Presidency Like a Dictatorship on Money
Pretty strong words, but let’s take a look at a few things.
Bush, when first elected, wanted to give corporations 15 years of taxes back to them with no strings attached. They had paid their taxes for those 15 years and Bush said let’s give it all back to them with no strings attached.
At that time, he had a budget surplus left over from the Clinton administration. So rather than give a bonus to the rest of America, he wanted to give it to the corporations.
When congress said, ok, but we do want some strings attached, like the corporations have to create x number of new jobs in order to get that money back, Bush said no. He said the corporations were American corporations and we should just give them the money and they will do what is right for the country.
That did not go through. No one was buying it. However, he did get his tax cuts for corporations through in his second term with the full support of John McCain. John McCain still supports upholding those tax cuts.
Now, with the new financial crisis, we found that these corporations did not do the right thing as Bush said they would if we gave them lots of money. Instead, they ripped off home buyers and played games with the money, while the CEOs of these companies raked in the cash for themselves, some even buying shower curtains that cost $30,000.
Giving these tax breaks and money to the wealthiest people in our nation led to excess. They bought multiple mansions all over the world and outsourced our job opportunities to people in other countries all in the name of profit and greed.
Now, that there is a financial crisis because of the excess created by giving them all of these tax breaks and incentives with no strings attached, what does George Bush want us to do?
Give them 700 billion more dollars to play with, again with no strings attached.
The bill requesting the money is 3 pages long. There cannot be any strings in a 3-page bill folks. They tell us we have to pass this 3-page bill, “or else”.
Bush used the exact same speech to get us into the Iraq war. They say that war was not about oil, but during that war, gas prices are higher than ever and oil companies are making more money than ever. But that is another blog post.
The bottom line is that Dictators use fear to get their people to do what they want them to do. And when a Dictator is about to be ousted from office, they steal all the money they can.
Bush uses fear to get us to do what he wants us to do and just when he is about to no longer be president and it looks like Barack Obama will be, what does he do? Comes up with a bill to give away $700 billion dollars of tax money to his friends on wallstreet before he leaves.
I am very suspicious of this bill and the need for a bailout. I believe that Bush was a puppet of these corporations for the last 8 years and now they see their gravy train coming to a stop and this is a last ditch effort to get all of the money they can before it’s over.
