Strip mining the American public

Our economy is coming to grips with the inevitable results of the Bush economic theory: take all profits now and don’t worry about tomorrow – spend big, but don’t tax.

Eisenhower warned in his farewell speech, “As we peer into society’s future, we – you and I, and our government – must avoid the impulse to live only for today, plundering, for our own ease and convenience, the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren without risking the loss also of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow.”

Why did Bush do nothing during his presidency to wean America from oil? The answer is clear: there was too much profit to be made, while supplies last.

The rejection of the status quo by some Republicans can best be summed up by two examples (as reported by conservative columnist Robert Novak):

Economist and author Bruce Bartlett, an official in the Reagan and Bush Sr. administrations expressed “disgust with a Republican Party that still does not see how badly George W. Bush has misgoverned this country”

Larry Hunter, a Washington insider, announced his support for Obama and fellow conservatives were stunned. Hunter said on June 6: “The Republican Party is a dead rotting carcass with a few decrepit old leaders stumbling around like zombies in a horror version of Weekend with Bernie, handcuffed to a corpse.”

Jon Monday