The Smoke And Mirrors Economy
You know things are bad when even Walmart can’t make money. While the Bush administration (and their allies in the media) continue to talk up the economy, Walmart experiences a decline in profits for the first time in ten years and poll after poll shows that the American people aren’t buying the hard sell of a strong economy. Now that the facts are starting to come out that refute the rosy outlook, the reality of just how bad things are will likely further damage the GOP as people come to recognize Republicans as the architects of our new failing economy.
Foreclosures are up, bankruptcies are up (despite the horrific new bankruptcy law) and housing sales are down, not exactly signs of a strong and vibrant economy. There is no way to have a successful economy based on consumption and debt, yet that is exactly the economy the GOP and the Bush administration have built. It has enriched a few, but the rest of us may drop through the floor at any moment, either individually or as a result of a steep economic decline or even hyperinflation leading to a depression. Those at the top don’t have to worry about their own welfare and they certainly aren’t concerned with ours, but the government is supposed to and it hasn’t since Bush took office.
What good is a government that doesn’t look after the interests of the people? That is the question more and more people seem to be asking themselves and that should scare the hell out of the GOP. It’s still the economy stupid, and they have failed.