Wednesday, October 17, 2007

Bush's Balloon

Turkey is threatening to invade Iraq, a record number of Americans (one million) are facing foreclosure, and oil is skirting $90 a barrel. With the housing market hitting the skids, gasoline prices accelerating to $4 a gallon, don’t be surprised if the United States hits a recession by this time next year. All I know is that the administration that botched Katrina, screwed up Iraq, has mismanaged America’s financial situation even more. You can’t cut taxes, flush money down the toilet in Iraq, and expand the size of the government by record levels without some sort of reckoning. The air has been leaking out of Bush’s hot-air balloon for some time, but there may be no soft landing for the rest of the country.

Sphere: Related Content