If I’m to believe most polls, a significant majority of the US is pleased that in January there will be a new President sworn into office. However, that knowledge is bittersweet considering how late people were to realize the complete incompetence of the current administration. (Perhaps I should not have read my recent 401k statement before creating this entry!) Reading about the severity of our economic problems in the paper and listening to the bleak news that President-elect Obama will face in 2009 really ticks me off.
Earlier this past summer President Bush was quoted when he thought he was off camera attributing the economic ‘slow-down’ as a “Wall Street Hangover“. The press made much ado about it for about 2-minutes but when the bottom dropped out from the economy about 10-weeks later and the full impact of the “hangover” were being felt nobody bothered to go back and really question why his administration was content to do nothing. All the reporting seems to be about how the sky is falling and every crazy idea needs to be approved by Congress ASAP.
I can not seem to temper my frustration with either the Bush administration or the American public which validated his Presidency by re-electing him 2004; frankly I’m seething. Bush’s cabinet of quacks (I include VP Cheney among them ), his inane economic policies which revolved around irresponsible spending and cutting any kind of government regulation (poisoned pet food, tainted children’s toys from China to name a few examples – I won’t even bother to address the banking deregulation which seems too obvious a target) and nepotism at the highest levels of the administration (which at its worst gave us incompetent men like Alberto Gonzalez) have all contributed to our current financial mess and it sets my blood boiling.
Recording my frustrations in this blog will not change our current situation, will not lessen the hurt this downturn in the economy will have on millions of Americans but it is cathartic so thank you for humoring me.