Bushites Ignite Worldwide Economic Tsunami
George the Shrub and his Bushite followers are busy igniting a worldwide catastrophic economic tsunami. They not only cause economic disasters at home but manage to create panic in global markets.
The New York Times today reports, "Fears that the United States is in a recession reverberated around the world on Monday, sending stock markets from Frankfurt to Bombay into a tailspin and puncturing the hopes of many investors that Europe and Asia will be able to sidestep an American downturn.
"On a day when United States markets were closed in observance of Martin Luther King’s Birthday, the world’s eyes were trained nervously on the United States. Investors reacted with what many analysts described as panic to the multiplying signs of weakness in the American economy.
Who do you think is going to suffer from the Bushite economic mess? Regular American workers, who may have their pay cut and experience even more job losses in this recession.
As Jonathan Tasini puts it so well, "....most workers--they have been feeling pain for a long time. Having said that, there is a psychological dynamic right now among investors that is akin to a fire in a theater: no one wants to be the last one out and there is a growing rush for the exits. That will make it a lot more painful for working Americans because, inevitably, the result will be a massive round of layoffs--which we've already by the the many thousands in the financial companies who are writing off billions of dollars in mortgage loans gone sour."
Unfortunately, some misguided working people voted for Bush in 2004 (he was crowned by the Supreme Court in 2000) because he was a guy they could have a beer with. Now, because of him, they can't even afford the beer and he sure ain't gonna pay for it.
And impeachment is still off the table.
The New York Times today reports, "Fears that the United States is in a recession reverberated around the world on Monday, sending stock markets from Frankfurt to Bombay into a tailspin and puncturing the hopes of many investors that Europe and Asia will be able to sidestep an American downturn.
"On a day when United States markets were closed in observance of Martin Luther King’s Birthday, the world’s eyes were trained nervously on the United States. Investors reacted with what many analysts described as panic to the multiplying signs of weakness in the American economy.
Who do you think is going to suffer from the Bushite economic mess? Regular American workers, who may have their pay cut and experience even more job losses in this recession.
As Jonathan Tasini puts it so well, "....most workers--they have been feeling pain for a long time. Having said that, there is a psychological dynamic right now among investors that is akin to a fire in a theater: no one wants to be the last one out and there is a growing rush for the exits. That will make it a lot more painful for working Americans because, inevitably, the result will be a massive round of layoffs--which we've already by the the many thousands in the financial companies who are writing off billions of dollars in mortgage loans gone sour."
Unfortunately, some misguided working people voted for Bush in 2004 (he was crowned by the Supreme Court in 2000) because he was a guy they could have a beer with. Now, because of him, they can't even afford the beer and he sure ain't gonna pay for it.
And impeachment is still off the table.
Posted by Kaz at 1/21/2008 3:26 PM 
Categories: labor, greed, Economics, Housing Crisis, Impeachment, Bushites, Economy
Categories: labor, greed, Economics, Housing Crisis, Impeachment, Bushites, Economy
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