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BushCo sweeps bad economy under the rug once again...August just the beginning

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Atman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-07-07 08:19 AM
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BushCo sweeps bad economy under the rug once again...August just the beginning
Edited on Fri Sep-07-07 08:21 AM by Atman
As I've written several times here, BushCo's New Improved method of calculating economic numbers -- essentially the dollar-version of his "Surge is Working" formula -- has been a charade all along. They pose in front of stacks of boxes with "Made In China" Sharpie'd out and tell us "There were 87,000 new jobs created this month!" while the Press Release Press dutifully parrots the wonderful News(TM) and tosses the peasants a shiny object, neglecting to report the part about the nation's economy requiring 150,000 new jobs a month just to tread water.

Like millions of Americans, Bush has his own housing woes. But he's not worryied about a burst, he's worried about a collapse. A collapse of his house of cards. It appears things have gotten so shitty in the Miracle Economy of George W. Bush that they can't even hide it anymore. It's even catching up with the 1-percenters, so now they want an interest rate cut. Again.

Here's the interesting footnote that got only one quick mention on MSNBC this morning, but I haven't heard it repeated since (to be fair, I haven't been paying rapt attention); BushCo also announced today that it has DOWNGRADED the June and July job numbers. Things were actually fairly bleak in those months, too, not the rosy scenerio they've been trumpeting all summer long, everywhere. It's all been a fucking sham.

Just as so many of us have been saying all along. Once again, love 'em or hate 'em, DUers are months ahead of the story.

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