The Bush Administration Failed America and the WorldSeptember 29, 2008 at 10:56 pm | Posted in American politics | Leave a comment
The quality of life for the average American will decline, but the trend towards more and more capital dependence on other nations is probably going to begin to reverse itself — or at least significantly slow.
And ironically, this financial disaster will end the war in Iraq and limit significantly the choices that both Obama and McCain might have before them as President.
It also means that all of the other great 21st century challenges out there — from global poverty assistance to an imposed carbon tax on fossil fuel energy consumption — will get less action and less “national investment” than those advocating federal action hoped for.
America will have no choice but to add to its cumulative debt — and to invest in itself, particularly national infrastructure — as a way to keep Americans working and to stimulate important parts of the near and long term real economy.
George W. Bush’s demands early in his administration for unprecedented powers and budgetary authority amidst unprecedented secrecy and non-transparent government was never effectively challenged by the Congress that should have fought for its own constitutional prerogatives nor knocked back in any real way by the full force of the Democratic Party.
But now the marketplace of power in the world and of the global financial order has brought this administration to a devastating conclusion to its influence — and Americans are going to pay a long-term price for the reckless stewardship of America’s economic and security portfolios by this administration.
Indeed. George Bush should have been impeached long ago. But we still have to deal with him for several more months. The problem is that he is too used to bringing up to Americans at the last minute something to be voted on, a rush that is meant to get action without thought. But because he cried wolf far too many times in the past, this time, when it is serious, and real, he is just simply not trusted enough—even by those in his own party!—for the right action to be taken.
George Bush will be reviled as the worst president America has ever had. This last event, the collapse of our economy will finally seal that sad deal. What an awful administration. How awful it has been run. They have failed America. They have failed the world. From here on, others will take charge, like the Chinese. Our ability to act around the world will be severely curtailed thanks to this collapse. Ironically, bin Laden promised to work hard at bankrupting America.
“We are continuing this policy in bleeding America to the point of bankruptcy. Allah willing, and nothing is too great for Allah,” bin Laden said in the transcript.
Looks like he didn’t have to do much. He had a man inside to do the job for him, George W. Bush.