In case we forgot to mention this from today’s Washington
Post:
The economy has 1.1 million fewer jobs than the day Bush took office,
making it more than likely he will join Herbert Hoover as the second president to see the nation
suffer a net job loss on his watch. The economy is 7 million jobs short of the level the White
House had predicted when trying to sell the tax cuts. And a 10-year budget outlook that in 2001
projected $5.6 trillion in surpluses now foresees $2.7 trillion in deficits, an unprecedented fiscal
swing.
The Post reports that “rather than acknowledging failure” for his tax policy, our
Nincompoop in Chief is expected to continue repeating the same old mantra he’s been offering in
his campaign, most recently on Monday from the Oval Office: “The economy is strong, and
it’s getting better.”
If he needs a different mantra, Straight Up poet laureate Leon Freilich has one for him. How
about this?
NEW AXIS OF TAXES
NICEVILLE, Fla. (Reuters) – President Bush said on Tuesday that abolishing the U.S.
income tax system and replacing it with a national sales tax was an idea worth considering. [Aug.
11, 2004]
Even nicer, the tax
Would have a progressive bent–
Nine or ten for the
poor,
For the rich, one percent.
