According to nearly two thirds of economists surveyed in a recent USA Today poll, the United States economy is currently in recession.
President Bush, Optimist In Chief, disagrees.
By his own admission, the President is not an economist. However, he gave a speech yesterday about the economy and insisted that we are not in a recession. How does he know?
He's an optimist.
During the course of the past year, blue chip stocks are down 22%, wholesale prices have increased 10% (inflation), the USD is down 14% and home foreclosures are up 54%.
I'm pretty optimistic that I believe what economists are talking about.
I'm even more optimistic that once the supply-side, deficit spending, foreign nation currency borrowing President Bush leaves office, we'll begin to claw our way out of this hole.
Without all the delusions.
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Profiles In Underachievement
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Max Fischer Chronicles
Musings From Rushmore Academy is A-plus opinion from a D-minus student. I hope you find this a welcome stop along the iWay, where you'll find commentary and trivial streams of conscienceness on matters of current events, politics and pop culture. Thanks for stopping by and for coming back. Welcome to Rushmore.
Rushmore's Basement
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2008
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July
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- Cruel Injustice Of Fantasy Baseball
- It's A Dead Heat In The Electoral College
- Breck Girl Appears To Have A Penis
- Dishonorable Hack Ad From An Honorable Man
- The Um's, Err's And Ahh's Of Barack Obama
- Like A Rolling Kidney Stone
- Six Degrees Of Adolf Hitler
- 25 Sticky Summers Ago
- Dear John Letter From The Media
- Golden Kiwi; Best Fruit You've Never Heard Of
- The Quizzical Geography Of John McCain
- Whoopi (Cushion) Farts The N-Word
- Fischer Chronicles His Vice President Picks
- Humorist At Law; The American Dream Up Close
- A Reminder
- Optimistic Denial
- 26% Of American Voters Confuse Christian Faith Wit...
- All Star Break
- Vacant Rhetoric Of A Do Nothing Congress
- Tony Snow Remembered
- Stop Your Whining
- Father Apologizes For Having Normal Family
- The Profit Of Hate
- Senator McTruant
- Complete Dick
- Jesse Helms Is Dead
- A Divine Baseball Season In Tampa Bay
- Say Whatever You Want, It's Free
- Obama Won't Pound It Anymore
- Hall Of Fame Legacy Sealed For Barry Bonds*
- What A Doll
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July
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Profile Of An Underachiever
- Max Fischer
- Phoenix, Arizona, United States
- I saved Latin. What did you ever do?
2 comments:
Optimistic denial is a great coping mechanism when it looks like your legacy just may be one of the most disappointing in Presidential history. Then again, this wouldn't be the first time that Mr. Bush looked the camera in the eye and proclaimed that all is well. Americans love to be spoon fed good news. (...even if it as a blatant lie)
What are you talking about?! You big whiner. Don't you know we are only in a "mental recession"? Vote McCain!
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