Tag: George W. Bush
Just how stupid does Mitt Romney think we are? If you've been following his campaign from the beginning, that's a question you have probably asked many times.That's how the Nobel Economic Laureate begins this column this morning, immediately reminding us that Romney appeared at a drywall factory (owned by a Republican, btw) which was closed during the Bush administration yet blaming Obama for the closure, attempting to make it a symbol. As Krugman notes, "It was a symbol, all right - but not in the way he intended," especially as the press quickly picked up on when the factory closed. And although the Romney campaign attempted to cover itself by saying the factory was still closed because Obama's policies had failed to get the economy going again, Krugman counters saying, "Actually, that factory would probably still be closed even if the economy had done better - drywall is mainly used in new houses, and while the economy may be coming back, the Bush-era housing bubble isn't."
There is more - deliciously so.
Here in Virginia, Bob McDonnell knows quite well that we have an ongoing transportation crisis in the state, one that is responsible for the gridlocked roads in northern Virginia and Hampton Roads, a growing backlog of transportation maintenance that needs to be done, and the prospect that Virginia won't have the money to qualify for federal matching funds. His solution is straight out of the Bushonomics handbook: Borrow massive amounts of money, spend it now, absolutely refuse to look for revenue sources, and kick fiscal responsibility to the next generation.
Amazingly, McDonnell told a transportation conference at the Hotel Roanoke that he has a "plan" to fix Virginia's road crisis, one that relies on massive bond sales, spending money held by VDOT to pay contracts in a timely fashion, and committing the General Assembly to spend whatever fiscal surpluses might appear in the future on building roads. Never mind if the state needs to pay back money already borrowed from the state pension fund, return to a reasonable funding of colleges and universities, increase education funding, end the shortchanging of other social services, etc.
According to the Roanoke Times, here's the outline of McDonnell's ridiculous "plan."
The plan envisions selling more than $2.9 billion in new bonds. Officials would allocate $400 million in already-identified surplus state money to loans, loan guarantees and grants to local governments strapped for road dollars. To garner the other $700 million, the governor mentioned the possibility of future surpluses and whatever money the state would make if it privatizes state-owned liquor stores.
The 43rd President has told friends the ex-Alaska governor isn't qualified to be President and criticizes Arizona Sen. John McCain for putting Palin on the 2008 GOP ticket and handing her a national platform.Gotta love it.
"Naming Palin makes Bush think less of McCain as a man," a Republican official familiar with Bush's thinking told the Daily News.
"He thinks McCain ran a lousy campaign with an unqualified running mate and destroyed any chance of winning by picking Palin."