Monday, April 14, 2008
The 3 biggest hits to the economy
Bush's tax cuts for the rich have reduced annual tax revenue available for public needs by $300 billion each year.BushCheney's occupation of Afghanistan and Iraq has cost $700 billion, according to the Congressional Research Service. That's about $400 million a day. Nobel Prizewinning economist Joseph Stiglitz says the tab is well over $2 trillion when you add rehabilitation for injured vets, replacement of military hardware, and the value of things we could have produced (but didn't) with that money over the past seven years.
- Bushites have finished off the deregulation of banking that began in earnest during Bill Clinton's presidency. This ideological madness has caused the collapse of investment funds, banks, and the stock value of corporations that depend on them (which is to say most of Wall Street and much of the financial world), as well as a steep decline in the value of most homes in America and a sharp rise in the cost of living in them.
What 8 years of BushCheney has done to the U.S. economy
Labels: Bush, BushCheney, Cheney, U.S. economy
