Monday, April 25, 2005

George Bush is sliding into oblivion

Paul Krugman writes today in NYT about The Oblivious Right and how George Bush is so upbeat because he talks only to his hand-selected people.
What's going on? Actually, it's quite simple: Mr. Bush and his party talk only to their base - corporate interests and the religious right - and are oblivious to everyone else's concerns.

The administration's upbeat view of the economy is a case in point. Corporate interests are doing very well. As a recent report from the Center on Budget and Policy Priorities points out, over the last three years profits grew at an annual rate of 14.5 percent after inflation, the fastest growth since World War II.

The story is very different for the great majority of Americans, who live off their wages, not dividends or capital gains, and aren't doing well at all. Over the past three years, wage and salary income grew less than in any other postwar recovery - less than a tenth as fast as profits. But wage-earning Americans aren't part of the base.
It's amazing how far out of touch the Republicans have become. They pretend to talk for "the people," but what they really mean is their people - rich, white, corporate and connected to their version of "god."

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