Monday, January 14, 2008

On Bush the big elephant in the room...

Sydney Morning Herald has a recent commentary on Bush and the recent development, in particular election, in US, precisely on the mark.

It's funny also, that the world sees it as it is with Bush, that "Tax cuts are Bush's answer to every economic challenge," but that tax cuts are going to do anything to immediately alleviate the subprime mess that financial institutions and borrowers are facing. Indeed, GOP is almost like a one-trick-pony when it comes to economic stewardship. Witness any economic debates, both of the presidential candidates, and any GOP members in research institute, the administration and GOP leaning institutions like Fox or Wall Street Journal. Tax cuts are probably top five words that these people would utter when they talk about economy.

There is a reason why GOP hates Bill Clinton so much, since he stole so much of the GOP thunder, by demonstrating that Dem are just as assiduous as, if not more than, the GOP in economic stewardship. And he's open minded enough to put in place what is necessary for the country in the longer term, including more funding in research than Bush would ever do. Shame on Bush and the GOP.

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