My Analysis of The American Economy (I Invite All Comments.)

"You have to remember several things that remain important to the (majority) of the American people (money and self preservation)." I will resist a strong temptation to quote Patrick Henry here. After all, you are right. Most Americans are comfortable in their little sandboxes. Regrettably, few have the moral and ethical commitment of Henry and the many other patriots that built this country.

"... the stockmarket is raging ..." It is? See < http://www.msnbc.msn.com/id/3683270/ > where it states that "Solid employment data failed to extend Wall Street’s rally Friday, as renewed interest rate concerns spurred profit-taking and left stocks mixed. The market’s major stock indexes also ended the week mixed." and also < http://www.msnbc.msn.com/id/10298248/ > this: "The stock market has faltered a bit as the Dow Jones industrial average approaches the 11,000 mark ...". I mention this not in an attempt to deny the recent economic upturn but rather to put it into perspective. Though I am not necessarily a big fan of Alan Greenspan, I do feel his recent comments < http://www.msnbc.msn.com/id/7588284/ > regarding the danger posed to the U.S. economy by its burgeoning deficits are worthy of note. Mr. Greenspan has favored a pay as you go policy advocating, among other things, no new tax cuts without the ability first to pay for them. BushCo has apparently taken Mr. Greenspan at his word. In the Budget Reconciliation Act (aka, the Reverse Robin Hood budget; i.e., it robs from the poor and gives to the rich) now working its way through Congress, the Republicans are proposing to partially fund 70 billion dollars in new tax breaks to wealthy individuals and businesses by cutting 50 billion dollars from social programs such as Medicare and Medicaid, food stamps and student loans, programs that have been developed to help "secure the blessings of liberty" as it were to those who don't earn $200,000 plus annually. It is a morally offensive piece of legislation that illustrates clearly the depths to which this administration will lower itself in order to make the rich richer at the expense not only of the poor but also of the working class. For a detailed statement of who is hurt and who is helped by this proposed legislation, see < http://www.cbpp.org/10-28-05bud.htm >. If, after reading the information, you are justly offended by the crassness of the proposal, you can help to do something about it at < http://capwiz.com/aauw/issues/alert/?alertid=8136621&type=CO >. In point of fact, while the President may feel the U.S.'s current economic life is just a bowl of cherries, a majority of investors and consumers are less than optimistic for reasons stated at < http://poll.gallup.com/content/default.aspx?ci=20188 >.

"Bush's record make look impressive to the average citizen." Really? What average citizen would that be? According to a recent Gallop poll (that's where those stats come from), Bush's overall job performance rating is a meager 37% with fully 60% disapproving (see http://poll.gallup.com/content/?ci=19891 ). Part of the reason for these abysmal numbers is summed up in the U.S. Taxpayers' Quarterly Report issued April 14, 2005 (see http://www.americanprogress.org/site/pp.asp?c=biJRJ8OVF&b=509697 ). That report contrasts statistics from January 1, 2001 to the same statistics for April 10, 2005. You state that "The administration's tax cuts help the average American stay employed (the unemployment is around 5%?) ...". The cited report lists the unemployment rate at 5.2%, but that was in April of this year. Current estimates do in fact put the number at 5%. In January, 2001, however, that figure was only 4%. Thus, since Bush first took office, unemployment has risen by a whopping 25%. Nice work, George. People are upset and rightfully so. Bush's borrow and spend philosophy has run up an 8 trillion dollar debt. And who's going to pay for that? We are, and our kids are, and their kids are, and their kids' kids are and so on and so on and so on. BushCo has been a national disaster of epic, even Biblical, proportions - far worse even than Katrina or Iraq. What to do, what to do? While I applaud your sentiments regarding personal as well as congressional and executive oversight and accountability, I think the time has come for us to be a bit more aggressive in terms of an approach for dealing with the current remarkable mess we find ourselves in as a nation. Impeachment is one option, and I support it. Another has been suggested at < http://news.yahoo.com/s/ucru/20051202/cm_ucru/thecaseforanationalrecallelection >, and I must admit it is not without a certain appeal.