So George Bush is going to have a "Big Deal" Economy summit.

[BlueJazz]

Saw this on the news this morning and how the Bush Administration is going to call together
all of his top People and "Do something about the Failing Economy".

Oh Boy...isn't this so typical of Republicans?
They wait until the Ship is floundering...Taking in huge amounts of water.... starting to list and go to the bottom
of the ocean and then think..Ah..Gee Whiz..maybe cutting holes in the bottom of the Ocean Liner wasn't such a good idea?

You know..George, I think giving all the money to the Rich, spending untold Billions on a senseless war, not doing anything
about unscrupulous Banks and (essentially) driving the Treasury into bankruptcy by horribly increasing the National Debt
to historic proportions just MIGHT have something to do with our "Ship" sinking.

[spanone]

1. little junior is gonna fix all the worlds problems in less than a year

my ass
:sarcasm:

[SammyWinstonJack]

2. Why does he even pretend to give a shit? Oh yeah, there's an election

this year and his Party is sinking. More Smoke and Mirrors courtesy of bu$hco., INC. :puke:

[bdamomma]

3. read this article about our distressing economic situation.

http://www.dissidentvoice.org/2008/01/the-deflation-time-bomb/

just a snip of the article.

We are to about see how much George Bush really believes the “supply side” mumbo-jumbo he’s been spouting for the last seven years. Last week’s Labor Department report confirmed that unemployment is on the rise (5%) and that corrective action will be required to avoid a long and painful recession. There’s a good chance that the Chameleon in Chief will jettison his “trickle down” doctrine for more conventional Keynesian remedies like slashing interest rates, government programs, and tax relief to middle and low-income people. On Monday Bush announced that his team of economic advisors was patching together an “Economic Stimulus Package” that will be unveiled later this month in the State of the Union Speech. The goal is to rev up sagging consumer spending and slow down business contraction.

[SpiralHawk]

7. "...patching together an ESP*..." What is this? more occult republicon magical thinking?

Commander AWOL Bush and his occult republicon practices, including this Pyschically acronymed ESP-farce they are about to launch, always have distinctly EVIL EFFECTS for America and the American people (excepting fatcat republicon homelander cronies).




* ESP = the so-called Economic Stimulation Package. Which will -- as usual -- benefit fat-cat republicon homelander cronies, and screw loyal American citizens, for that is the republicon WAY...

[bluestateguy]

4. What are they going to do? Have a circle jerk while they watch old tapes of Ronnie Reagan?

Then for the hard core economic porn they can watch old tapes of Arhtur Laffer and David Stockman.

[Beausoleil]

5. Let me guess

We'll have more tax cuts for the rich, at least making the already outrageous tax cuts for the rich permanent. Then, jobs will automatically be created and the government will automatically recieve more revenue. Problem solved. It's really very simple. Why didn't they think of this before?

[elizfeelinggreat]

12. agreed

Oh and place blame for this mess on the Democrats in Congress whenever possible.

Yes, this definitely calls for more tax cuts! Don't forget more financial aid to big corporations because we know they'll trickle it down all to the workers who need it! I doubt they'll do much else; just rename what they've been doing all along and call it inspirational.

[Possumpoint]

6. Can

someone give me a rational explanation of how finalizing Bush's tax cuts for the rich would really help this failing economy?

I completely agree with the above statements. I wish to add that the continuing addition of large amounts of fiat money is inflationary in itself. Maintaining extremely low interest rates for long periods of time creates the bubbles that will and have burst. Add to that the complete lack of oversight by the agencies responsible for the banking/mortgage industry, gave a green light to some very shady practices. In addition, our lack of realistic policies on imported energy has allowed us to be dependent on leaches that are bleeding us white.

[Beausoleil]

9. There is no rational explanation

Trickle-down never worked, doesn't work now with the current tax cuts and making them permanent after 2010 will do absolutely nothing for today's economy. But they'll push it anyway. Actually tax cuts for the rich do trickle down - into Rebublic campaign coffers.

[gratuitous]

10. They lie

And the lie just keeps going on and on: John McCain used it recently, the lie that cutting taxes on the overrich results in more revenue. It's not true, but there isn't a man or woman alive asking questions who will tell McCain to his face that he's trucking in fantasy when he says that. And none of them seem to notice the glaring contradiction between the "more revenue" lie and the declaration that invariably follows or precedes the lie about reducing the size of government and giving people more of their own money. If cutting taxes results in more revenue for the government (it doesn't), then why are they plumping for more tax cuts, which will only give the government more money?

I wonder, though, if any of the overpaid pundits will remember Bush's one day economic summit in Waco during his first term? Probably not. They didn't pay any more attention to it than the Dim Son did.

[book_worm]

8. "big deal" is the word for it.

[earthboundmisfit]

11. So it's finally being admitted that the economy is failing?

About f*ckin' time... 'cuz NO it is NOT "robust"