The Fraud of Bushenomics: They’re Looting the Country

The voodoo economics the Bushies have sold America obscure their systematic fleecing of the nation’s public wealth.

The idea under which Bushenomics was sold is this:

• The rich are the investor class.
• If the rich have more money, they will invest more.
• Their investments will create more business.
• Those businesses will create more wealth, thus improving everyone’s lives and making the nation stronger. They will also create new and better jobs.

Whether or not the people who say such things truly believe them, I cannot say. But that’s their pitch, and the media certainly seems to buy it, as do most of the establishment economists.

A more realistic — and less idealistic — view of Bushenomics is that the Bush administration and its cronies came at the economy with the attitude of oilmen.

• They inherited a vastly wealth country.
• They looked at it like the oil under the Alaskan wilderness. They craved to pump it out, turn it into cash and grab as much of that cash as possible.

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