August 29, 2003

Big troubles for Bush: polls dropping, economy falling, Taliban winning, deficits and bombs exploding

There has been plenty of bad news for the Bush administration in this most difficult of August vacations. First of all, a new poll has shown that a majority of Americans would prefer 'someone else' to Bush. Now, polls can fluctuate in a range and all that (it's just a touch over 50%) but still, it shows a very large bloc of people aren't happy with things.

To put this in some perspective, you should check out the site Professor Pollkatz, which has a few interesting graphs and charts. In particular check out this graph, which shows an unquestionable slope downwards. Bush's approval ratings look like a sawtooth: his ratings jump up astronomically when the country has shifted into immediate war/reaction mode (spikes at 9/11 and this March), but as things settle the air comes out like a leaky balloon. Granted, the percentages are falling off extremely high numbers that no one expected to last. I just think its interesting that the polls pull down with such little variance. Also compare his approval rating with other recent wartime presidents, and you can see they have a rolling, up and down kind of pattern. Will this pattern bend around at a safe 55%? Why the hell would it?

And the economy. Let's have just a bit from the Scripps Howard News service:

Labor Day 2003 finds unemployment hovering near a nine-year high and people thankful to have work nevertheless feeling anxious because of the jobless recovery. Some 9.1 million Americans are officially unemployed, even though joblessness ticked down 0.2 percentage points from June's 6.4 percent high because 470,000 people quit looking for work last month. Meantime, 74.5 million adults are outside the labor force, 4 million more than when the nine-month recession started in March 2001.

"For too many working families, the current recovery is indistinguishable from the recession," said economist Jared Bernstein of the Economic Policy Institute, a liberal Washington think tank.

High-paying manufacturing jobs have plunged by more than 2.7 million since August 2000, and the National Association of Manufacturers forecasts that U.S. factories will add back just 200,000 to 250,000 of those jobs even if the economy grows at 4 percent or better through 2004. Association president Jerry Jasinowski blames a "toxic brew" of fair and unfair foreign competition and high health care, litigation and energy costs at home for "the slowest manufacturing recovery on record since the Federal Reserve began tracking industrial production back in 1919."

On the elder Bush's watch, it took 15 months for job growth to resume, but today job growth hasn't jump-started 22 months into recovery - the worst job-creation record since the Labor Department started tracking such statistics in 1939.

Happy day! The federal deficit wanders into new and exciting territory as it will reach around, oh, $480 billion or so. That's $480,000,000,000. I like it when they can just write their contributors dividend tax 'rebates' to get tossed in that phat $200 million election coffer. That's what I call prosperity.
The federal deficit will hit a record $480 billion next year, more than twice the level forecast just five months ago, the Congressional Budget Office said Tuesday.

Senate Democratic leader Tom Daschle of South Dakota said in a statement that "this unprecedented binge-borrowing imposes a heavy burden on Americans by increasing the cost of borrowing for businesses, home buyers and students."

If the tax cuts are extended, the CBO said, deficits would grow by an additional $1.6 trillion over the next decade, by an additional $400 billion if a drug benefit is enacted, and by another $400 billion if Congress takes steps to keep the alternative minimum income tax -- a baseline amount of tax that must be paid, even if the filer's tax calculated under standard rules falls below that level -- from affecting more middle-class families.

The nonpartisan agency said the annual budget shortfalls will total nearly $1.4 trillion over the next decade, compared with a $5.6 trillion surplus the CBO forecast in 2001. Bush didn't address the deficit directly. But in St. Paul, Minn., where he raised $1.2 million for his re-election campaign, Bush spotlighted his tax cuts, the centerpiece of his economic policy.

"Here's what I believe and here's what I know: that when Americans have more take-home pay to spend, to save or invest, the whole economy grows, and people are more likely to find a job," Bush said.

Then on the foreign policy front, the spread of freedom and the spirit of liberation are strong in Afghanistan, where the Taliban has liberated itself from the label of 'destroyed' and gone wreaking havoc in the provinces, which are controlled by an anarchic system of U.S.-backed warlords, in what resembles a combination of Reagan's Honduras, Khengis Khan and Lebanon. What is the secret of the Taliban's guerrilla persistence, when all had dismissed them? Human Resources! Basically they set up a bunch of religious schools in remote areas around Pakistan and Afghanistan, (with Saudi money) and these schools teach a rather remote and extreme version of Islam, generating a number of militantly motivated young kids who go off and cause trouble. There's quite a lot of trouble to get into with right now, as Israel and the United States occupy every other Muslim territory from Jerusalem to Pakistan.

Then of course there's the Palestinian cease-fire that collapsed when Israel, in its wisdom, decided to kill the guy in Hamas that Mr. Abbas talks with, dealing a handy blow to his efforts.

Then there's the UN bombing, which has wigged out all the NGO's trying to clean up in Iraq. The Red Cross is reducing its operations, which is very depressing for Iraqis, because the Red Cross is the group which acts as a go-between with Iraqi POWs, detainees, their families, and the Americans.

So the Neo-con scheme is working out pretty smoothly, as prescribed. And we're Taking the Fight to Them! Oh yeah!

Posted by HongPong at 03:51 PM | Comments (0) Relating to Afghanistan , Campaign 2004 , Iraq , News , The White House , War on Terror