Feb 5, 2007

Dubya's attack on rich folk

In a stunning display of his intermittent ability to grasp the painfully obvious, Not-My-President gave a speech on Wall Street recently in which he acknowledged that income equality exists.

No shit?

So now that he acknowledged it, what's he going to do about it? Think Progress breaks down Bush's previous attempts to fix the problem:
– “$77 billion in funding cuts for Medicare and Medicaid over the next five years, and $280 billion over the next 10.”

– $223 million in funding cuts (4 percent decrease from this year’s levels) to the Children’s Health Insurance Program.

– “$4.9 billion, or 8 percent, cut in education, training, employment and social services” grants.

– $100 million cut for Head Start, which provides child development services to economically disadvantaged children and families.

– “$2.4 billion cut in community and regional development grants — which often provide funding for low- and middle-income communities — to $16.5 billion from $18.9 billion.

– $400 million — 18 percent — cut in the Low-Income Home Energy Assistance Program, “which provides $2.2 billion to help people pay heating bills this year.”

– $172 million — nearly 25 percent — cut in funding for housing for low-income seniors.
Did I say "help"? Sorry, I meant "swift kick in the nutsack of the American poor and middle class."

He also went on to say that “government should not decide the compensation for America’s corporate executives,” and that “... the salaries and bonuses of CEOs should be based on their success at improving their companies and bringing value to their shareholders.”

Isn't that how it is already?

Rich people, never fear. Despite what Dubya tells the press and the American public, he'll still hook you up. In perpetuity, even. Keep your chin up, ol' boy.

(Props to Think Progress for the link.)

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