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although Feinstein at least hinted at going in that direction. That predominant issue is the fall of the dollar. It is primarily attributable to three things: 1) the huge debt that Bush has run up for the Iraq war (with no strategy to pay for off the debt, much like homeowners now in foreclosure); 2) the addled (since you like that word so much) trade policy that Bush has followed which reflects his lack of strategy for developing high paying jobs in the U.S. but rather promotes and encourages outsourcing (more about this below); 3) the rise in the cost of petroleum imports (which completes a kind of circle because it both contributes to and causes the fall of the dollar).
As for the great flaw in Bush's tax cut strategy:
Bush's tax cuts have put more money in the hands of investors. Investors now pay low taxes on the capital gains that they make in the stock market. This would be not quite such a problem if the recipients of the tax cuts had invested their money in the U.S., in building factories and creating good paying (not just low paying service) jobs in the U.S. Bush, however, fanatic ane fool for free trade that he is, did not balance his tax cuts for the rich with incentives to encourage, much less force (not physically but through economic penalties) them, to invest their tax savings in projects that would develop real, high paying jobs in the U.S. He could have done that had he, for example, given tax relief to those who invested in alternative energy projects or other technological development and production in the U.S. that would create lots of high paying jobs for Americans. There are many other very practical ways that Bush could have used his tax policy to build the American economy and to put more money into the flow here and ultimately not just into the hands of the super-rich, but also into the hands of ordinary Americans. He did not do choose to do that. One must ask whether the influence of the lobbyists from foreign countries influenced his policy, the policy recommendations of his advisors and of the members of Congress (including Democrats) who backed his trade policy.
Bush is a total failure in every respect. Whether you prefer Feinstein or the Republican hack who was interviewed with her is irrelevant. What matters is the horrible damage that the Bush administration has done and continues to do to our country and to our economy.
The next president, whoever he is, faces a nearly impossible challenge: to pay back the enormous debt that Bush ran up and to recharge the American economy. At this point, whether you are religious or not, there is not much more that you or anyone else can do but pray for our country. Bush has made such a mess of things. We may never recover from his perfidy and mistakes. He basically double-crossed the American people.
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