Create an Account
username: password:
 
  MemeStreams Logo

The Legacy of George W Bush's Presidency

search

Decius
Picture of Decius
Decius's Pics
My Blog
My Profile
My Audience
My Sources
Send Me a Message

sponsored links

Decius's topics
Arts
  Literature
   Sci-Fi/Fantasy Literature
  Movies
   Sci-Fi/Fantasy Films
  Music
   Electronic Music
Business
  Finance & Accounting
  Tech Industry
  Telecom Industry
  Management
  Markets & Investing
Games
Health and Wellness
Home and Garden
  Parenting
Miscellaneous
  Humor
  MemeStreams
Current Events
  War on Terrorism
Recreation
  Cars and Trucks
  Travel
Local Information
  United States
   SF Bay Area
    SF Bay Area News
Science
  Biology
  History
  Math
  Nano Tech
  Physics
Society
  Economics
  Politics and Law
   Civil Liberties
    Internet Civil Liberties
    Surveillance
   Intellectual Property
  Media
   Blogging
Sports
Technology
  Computer Security
  Macintosh
  Spam
  High Tech Developments

support us

Get MemeStreams Stuff!


 
The Legacy of George W Bush's Presidency
Topic: Politics and Law 4:46 pm EST, Jan 24, 2008

Via the Democratic Caucus...

I'm rerecommending this chart because of the data it contains and not because of the conclusions it seeks to have you draw from that data.

The Bush Administration is certainly directly responsible for some of the changes on this list, such as international opinion of the US, and the increases in our budget and trade deficits.

However, in many respects this chart is pure partisan bullshit. The most starkly annoying aspect is the inclusion of US dependence on foreign oil as a percentage of total oil consumption by the party that faught domestic oil exploration in Alaska. You're blaiming your partisan enemy for the inevitable consequences of the policies you advocated. That's as low as it gets.

Many of the items on this list, such as the increase in oil prices and the amount of job creation, are related to aspects of the business cycle or developments in the global economy that aren't the direct responsibility of the Bush administration. Some, such as changes in the cost of insurance and the number of people insured, are more clearly political, but are the fault of a wide array of actors and not just the Presidency. In fact, the Administration did work on the insurance problem.

The things that I like about this chart are political but I don't see them as directly related to Bush. The most important statistic, I think, is the median household income. It dropped. In 8 years, it dropped.

Thats why our economy is contracting. Because in 8 years businesses have become more productive and they have increased their value but the people who live in this country haven't benefited. The only reason they've had more money to spend is because of phony inflation of the price of their homes built upon irresponsible credit mechanisms.

I suspect a lot of the real value is moving overseas. The question is whether American growth is just going to stop until the rest of the world catches up and our workers become competitive again? Thats going to take a long time. And I don't think its a problem that the Democrats are in a position to solve, although I suspect replacing the H1-B program with a permanent residency system would have a substantial impact.

The Legacy of George W Bush's Presidency



 
 
Powered By Industrial Memetics
RSS2.0