24 September 2008

What an Embarassment

In his Tuesday Morning Quarterback column over at ESPN, Gregg Easterbrook displayed his obviously irritated view on the state of the American economy, and the Federal Government's role in wrecking it. Of all of his comments, I found the following words to be the most telling (and damning) of all:

"And about that $700 billion about to the shoveled to the Wall Street elite -- in 2007, George W. Bush vetoed an increase of $7 billion per year in health care spending for the poor, saying the country couldn't afford it."

You can read the entire article at this link.

We can't afford to provide health care to the poor, but we can afford to continue to dole out money to financial fat-cats who live lives that, essentially, thrive on charging absurd levels of usury for the privilige of borrowing money for basic needs like shelter and transportation. I don't ever want to hear someone extolling the virtues of either George Bush or the American Congress again. EVER.

Will I continue to pray for our civil leaders? Of course. They obviously need it. But once again, the current mindset in power in Washington, one that believes that $7 Billion dollars is too much to spend on health care for the poor, but believes that $700 Billion (or more!) is the least we can do for the financial sector, is obviously pure evil. If we aren't going to bail out the poor who can't afford health care, then we shouldn't be bailing out the financial sector either.

Sure, failing to bail them out will affect us all... and in a bad way. But you know what... most of the classic modes of stimulating the economy have failed dismally of late. Bush and Congress have sent us extra tax rebates (or, more recently, cash advance against next year's taxes) from time to time. Fail. Bush managed to start a war... that usually works. Fail. The pair of em' have poured boatloads of money into various financial bailout plans. Fail. Fail. Fail
George Bush: You fail.
Congress: You fail.
American People: You fail too.

Yes, that's right. It's not just the government to blame however. Did you all really believe it when you got those stupid door hangers on your apartment that claimed you could own your home cheaper than what you were paying for apartment rent? Sure, if you were paying between $900 and $1200 in rent (at least around here) you could have owned a home... but those stupid hangers were on HUD and other lower-income housing doorknobs. And people fell for it; hook, line, and sinker. Instead of stopping to think for two minutes about the real cost of owning a home, people went out and made several bottom barrel homebuilders a quick buck, only to turn around three or for years later and face foreclosure because their property taxes went up, utilities were too high, or because they had to choose between paying for their new Plasma TV or their house.

We've all failed. In what is supposed to be the most prosperous nation on the face of the earth, we have all failed horribly. We have been terrible stewards of the fiscal gifts that God has given us... and, to be honest, if the bottom tanks out, as disappointed as I would be that it might affect my plans to buy a house, I think we only deserve it.


Janet September 25, 2008 at 6:44 PM  

YES!! Thank you for saying exactly what needs to be said. I couldn't agree with you more--on each and every point that you made. Quite honestly, we need people like YOU in office. If you ever run for office, we'll vote for you. (I'm not kidding.)


All original material (C) 2007-2010 by Father Robert Lyons.

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