Bush's Hollow Boast: "Our economy is doing well!"

Following the stock market's high tech stock crash investors ran for cover. When the feds lowered the interest rate to the lowest level in 60 years, the housing market took off for the home building industry.
The low labor costs of hiring non-union illegal immigrants, coupled with destroying currency value, provided a formula made in heaven for builders. Unionized labor demanding a living wage, health care costs and unemployment insurance was always a painful thorn in the flesh of businessmen, whose motto was profits any way you can make a buck.
It worked out this way. The U.S. taxpayer could fund the cost of educating the children of illegal immigrants along with supplying Medicaid, phenomena that must have been created in some Republican fat cat heaven. This was a superb subsidization formula for the rich to get richer in the building industry.
The federal government conspired graciously with big business hiring illegals at exploit level wages by not invoking laws created to fine big businesses hiring them. One illegal immigrant in Orange County, California appeared boldly on TV to declare what he apparently thought overrode his clearly illegal immigrant status: "I pay my taxes. I work hard. I have 10 children."
As he revealed how many children he had fathered, this person said it as if he were a proud winner of an illegal immigrant child reproduction sweepstakes.
Educating a child in California public schools can cost $5,000 per child per year. Educational costs of 10 children per year could cost $50,000. Over 12 years of education for 10 children could cost taxpayers $600,000.
The above figures do not include Medicaid costs. Can any nation afford this kind of economic insanity forever?
Could it be that when Bush speaks of the economy doing well he is referring to the retiring Exxon-Mobil retiring executive waltzing away with an almost $400 million retirement package, including a $1 million a year consulting fee, use of the company's private jet, and all country club dues paid? This practice is being referred to on CNN as a platinum parachute.
When you are at the gas pump think of how well this economic pig is doing at the big business greed trough. Could this character represent the poster boy of Republican economic achievement?
The last year that the U.S. standard of living improved was 1971. Alan Greenspan, a Republican sycophant, was periodically dredged up to assure us that we had conquered inflation.
In 2005, U.S. household savings dipped to the lowest amount since 1933.
All this occurred as home prices skyrocketed. Auto prices soared while food prices flew through the ceiling, along with gasoline and air travel. All this occurred while working wages lagged far behind the Republican "economic miracle".
KEYWORDS: George W. Bush, Illegal Immigration, Medicaid, Corporate Fat Cat Republicans
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