What it's all about:
The Bush years are a study in deliberately wasted effort: Repeal of the estate tax. Tax exemption for stock dividends. Ballistic Missile Defense. The USA PATRIOT Act. The war on Iraq. Each of these initiatives has a clientele. None of them seriously aims to achieve its stated goal, be that economic recovery or homeland security or national security writ large.
The method is clear to any who choose to study closely: It is a method of subterfuge and deception. It is the systematic and relentless pursuit of partly hidden agendas, sold to the public with slogans. The tax cuts were not aimed to produce recovery and jobs; they were a reward to the rich. The war on Iraq was not waged to help the war on terror; it was about getting Saddam, as we have now had confirmed by Paul O'Neill's report on the Iraq agenda Bush carried from the beginning. Missile defense is not about North Korea, and still less about Iran or any other "rogue state"; it's about the contracts. In all these cases, the decision on what to do came first -- then the circumstances of the day were arranged to suit.
So it is today on the economy. What does Bush want? He wants a growth rate high enough to get him through the election. That's obvious. After that, he doesn't care. His clientele -- the military contractors, oil companies, pharmaceutical firms and big media that control this government -- make their money on patents, contracts and the exercise of monopoly power. (Case in point: Bush is pressuring impoverished Central Americans, in trade negotiations, to add 10 years to the length of drug patents.) These people have no interest in full employment. They like unemployment, weak labor, low wages and a government that bullies on their behalf. And after the election, if Bush wins, that is what they will get for four more years. -- From James K. Galbraith in Salon (subscription or free day pass required)
The Bush years are a study in deliberately wasted effort: Repeal of the estate tax. Tax exemption for stock dividends. Ballistic Missile Defense. The USA PATRIOT Act. The war on Iraq. Each of these initiatives has a clientele. None of them seriously aims to achieve its stated goal, be that economic recovery or homeland security or national security writ large.
The method is clear to any who choose to study closely: It is a method of subterfuge and deception. It is the systematic and relentless pursuit of partly hidden agendas, sold to the public with slogans. The tax cuts were not aimed to produce recovery and jobs; they were a reward to the rich. The war on Iraq was not waged to help the war on terror; it was about getting Saddam, as we have now had confirmed by Paul O'Neill's report on the Iraq agenda Bush carried from the beginning. Missile defense is not about North Korea, and still less about Iran or any other "rogue state"; it's about the contracts. In all these cases, the decision on what to do came first -- then the circumstances of the day were arranged to suit.
So it is today on the economy. What does Bush want? He wants a growth rate high enough to get him through the election. That's obvious. After that, he doesn't care. His clientele -- the military contractors, oil companies, pharmaceutical firms and big media that control this government -- make their money on patents, contracts and the exercise of monopoly power. (Case in point: Bush is pressuring impoverished Central Americans, in trade negotiations, to add 10 years to the length of drug patents.) These people have no interest in full employment. They like unemployment, weak labor, low wages and a government that bullies on their behalf. And after the election, if Bush wins, that is what they will get for four more years. -- From James K. Galbraith in Salon (subscription or free day pass required)
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