everyone knows who is mainly responsible for this bad economy
its George W. Bush
everyone knows that Bush didnt do anything to lower gas prices or help people facing foreclosure
yes...gas prices is slowly dropping (in California at least) but it Bush didnt do anything
it was the foreign oil drilling companies located in Middle East and car companies
foreign oil companies said to lower gas prices they will increase production to nearly 200%
and they did
thank god they did cause scholars were predicting $8 per gallon by end of 2008
the car companies especially Toyta and Honda invested and produced hybrid cars that gets up to 49 mpg to lower gas demands and thus lowering the price
(economic theory: as demands go down, so will the prices)
now lets discuss what Bush did
1) tax cuts on the rich (very helpful lets make the rich more rich)
2) sit around till things got out of control (major banking companies going bankrupt everyday) worst economic situation since Great Depression
3) propose $700 Billion Bailout Plan that will never get passed
4) wait till his term ends and leave all the problem solving to the next president (good luck Obama/McCain)
5) increase the minimum wage (pretty good huh? well no, studies have proven that current minimum wage is not enough for middle class work force to support themselves and children is not part of themselves.
so in conclusion Bush did not to improve economy but did a lot to worsten it
yay!
#5 is proven in a book "Nickle and Dimed On (Not) Getting By in America" by Barbara Ehrenrich
its basically a study personally conducted by the author about minimum wage and middle class workers the author works for minimum wage for a month trying to make living and the book tells her experience
read it, its really good
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment