The Bush Economy, part II (Mary Jane Piss in Your Face Cheese Time)
Consumer Confidence at its lowest level since 2002.
And in the last month or two…
The 4,000th soldier died in Iraq.
Iraq is costing US taxpayers 12 Billion a Month.
$4,000 per second.
Consumers increased their borrowing by 7 Billion in January.
Bush’s recession, more job cuts, banks running out of cash.
Gas prices at an all time high, oil at $110 a barrel.
U.S. Home Foreclosures up 70%.
300,000 homes were in default, and the number
Bank seizures were up 123% last month.
The steepest drop in housing value in 40 years.
There will be more than 1 million bank repossessions
by the end of 2008.
Gas prices in 2002, $1.39 a gallon.
Gas prices in 2008, $3.31 a gallon.
I was at the pump two weeks ago,
on a cold Indiana February morning.
A beautiful black woman pulled up
to the opposite pump.
She started filling her car up
and said to me, “I don’t know how people
are going to make it.”
I said, “I know. It’s awful.”
120,000 families filed bankruptcy last month.
100,000 non-farm jobs lost in the last two months.
40,000 construction jobs lost last month.
60,000 manufacturing jobs lost.
30,000 temporary jobs lost.
One half of one million have become so desperate
that they have stopped looking for work.
The only reason people aren’t living
in shanty towns is because they cannot afford