Content |
There was quite a party for the signing of the administration's tax cut proposal. I'd say it was much bigger than the turnout for yesterday's major enactment, where Bush's John Hancock raised the national debt ceiling to $7 trillion (!).
The president takes the podium to once again sell the (short-term) merits of tax cuts to the key factions of his voting constituency: retirees, businesses, and families. Even though he got only half of what he asked, he spreads the thanks around, with special honors for his Billie-boys on the inside: Frist and Thomas. I'm struck by how George's nose is remarkably shiny, like the planks on a freshly waxed bowling lane. I guess everybody in Washington must still wear polyester pants.
Bush tells the American people they have more of their own money to spend, waits with frozen smile for the thunderous applause, then explains how this will stimulate our economy with spending. Trouble is, then he talks about how much all those working class families need to be socking that booty away for their kids' future education needs. The figures he gives for representative households make it all sound like charity, but they certainly don't cover the happiest campers of all....Under this plan, a family of five with sheltered offshore holdings and an annual income of $6.5 million will save an additional $1.8 million per year so they can now buy the Venezuelan bauxite mine they've had their eye on. Nope, you won't hear it. Meanwhile, the deficit makes the Guinness' Book and we speed ever faster towards insolvency. Everybody applaud.
|
