Showing posts with label tax cut. Show all posts
Showing posts with label tax cut. Show all posts

Thursday, February 28, 2008

Bush's economic genius on display

Sometimes I can only scratch my head and wonder. I mean, it's easy to make snide remarks about George W. Bush's stupidity in regard to virtually any subject. But sometimes the depth of that stupidity just goes beyond description. For example:

Today in a press conference Bush indicated that he was unaware that gasoline was projected to reach $4.00-per-gallon by the spring. Set aside for a moment the potential diatribe about how that's possible, and move on to the next comment.

Apparently, the solution to $4.00-per-gallon gasoline is to make his tax cut permanent. Again, set aside the potential diatribe about the merits of the tax cut and who it benefits, etc.

No, instead focus on this - the solution to $4.00-per-gallon gas is to maintain the status quo vis-a-vis taxes, during which status quo gas will hit $4.00-per-gallon. In other words, do nothing. Gas will hit $4.00 while the tax cut is in place. How, then, does continuing the tax cut help? Bush's theory is that it would be worse if taxes went up in a couple years, then, boy-howdy, wouldn't $4.00-per-gallon gas suck.

Newsflash Mr. President, $4.00 is unacceptable and unaffordable now, with the tax cut in place. Making the tax cut permanent will not alleviate the suffering caused by $4.00 gas. And I don't think anyone is worried that, gee, taxes might go up in a couple of years (which, by the way, they will - but that inevitability is a topic for another day). No, in a couple years we'll be worried about $6.00-$7.00 gas.

I seriously wonder whether we can even survive another 10 months of this clown.