Wednesday, June 04, 2003 :::
Someone out there must have voted for him.
For anyone who didn't already know my opinion of Bush, he's an over-privleged corporate shill of sub-par intelligence who somehow convinces himself that he has Divine Providence for his morally questionable acts that ultimately result in the rich getting richer while the poor get poorer. So now that we got that out of the way, here is a little example of how Bush-administration politics work in the new millennium (from Salon.com):
How about the unprecedented leasing deal between the Pentagon and Boeing, using the same kind of accounting sleight of hand popularized by Enron. Instead of the Pentagon buying the 100 new jets it wants to use as aerial refueling tankers directly from Boeing, at an upfront cost of $138 million per plane, a special-purpose entity created on Wall Street will purchase the planes and lease them to the Air Force. That way the Pentagon gets to acquire the planes without having to dip into the Air Force's limited procurement budget and Boeing could reap billions in military contracts without having to show the debt associated with the shady deal on its balance sheet. It's an off-the-books win-win deal for them, but a losing proposition for taxpayers, who'll end up forking over an additional $8 billion to cover the interest payments on the leases.
This, of course, goes right along with the recent Bush tax cut that passed only after eliminating the child tax credit that would benefit poor families, while at the same time sustaining all beneficial cuts to the upper class. Nicely done, jackass. Now even if this benefits the economy in the long run, should that really justify the immorality of shafting the poor to benefit the rich? But that just scratches the surface. So all of you Toby Keiths out there who stand steadfast behind the president as he uses September 11th as an excuse for anything and everything should probably dig a little deeper.
* dan steps off his soapbox *
::: posted by dan at 3:15 PM :: [ link ] :: (0) comments
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