European Pessimism Over U.S. Economic Outlook Just Proves They "Get It" When Bush Just Makes It Much Worse
Perhaps Bill O'Reilly can declare war on France again while Bush, our brain trust, changes the name of French fries again. Won't matter though: Europeans are RIGHT.
So what do the Europeans know that Bush doesn't? (Besides American and world history, how to speak English, that tax cuts to billionaires don't cure everything, etc.)
Just as about every intelligent voice in the U.S. already says, Europe knows that Bush's latest round of tax cuts for the wealthiest, which did nothing to spur the economy after 9-11 and beyond, Bush wants will NOT do anything to stop the Bush economy's record-breaking race to yet crippling economic recession. European economic pessimism today, in fact, is hurting investors and futures markets, to name but a few. At the same time, Fed chief Ben Bernanke is expected to cut interest rates yet again which sounds great until you listen to a number of other analysts that predict unchecked inflation and other issues arising from the Bush Administration always-does-the-wrong-thing handling of the economy will bring far more DIRE times rather than relief.
Consider, too, that Bush's latest horrible plan comes right on the heels of introducing "owner foreclosure help" that would allow Countrywide (the nation's largest mortgage bank) to keep from filing bankruptcy and give its buyer (Bank of America), a quarter billion in additional tax write-offs every year for a long time while (magically) doing just about NOTHING for middle class (and lesser) homeowners about to lose their homes.
As Bush has said a number of times, he doesn't understand poor people.
* smart people
* reasonable people
* people who tell the truth (Bush has never been in the same zip code with the truth in his life)
* people who really ARE patriotic vs. just his lackeys
The list could go on forever, y'know.