Friday, July 11, 2003

More insanity from the Bush administration. In the midst of a rising unemployment, credit defaults and now rising mortgage rates, an overall economy in which you can't tell the difference between recession and recovery, Bush wants to eliminate overtime pay for some 8 million workers, particularly in the service sector. Regardless of the ideology of the move, the practicality is imbecilic at best. Just when working class folks need more income to trigger more consumption and thus re-start the capital spending cycle in the US, the Republicans think it would be a good idea to cut the incomes of working class folks.

If you thought the 2003 tax cut was both evil and downright reckless, you aint seen nothin' yet. Crony capitalism is what Republican rule is all about.

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