By James K. Galbraith
This paintings comprises James okay. Galbraith's such a lot influential contemporary writings on present affairs in addition to new remark, and explores either the descent to catastrophe in Iraq and the continued transformation of the yank economic climate less than the steering of Alan Greenspan.
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Additional resources for Unbearable Cost: Bush, Greenspan and the Economics of Empire
Sample text
That is what the Administration wants, and what – if not defeated – it is exceedingly likely to get. Finally, stagnation and the Bush tax policy promote right-wing plans to cut and privatize essential services, including health, education, and pensions. As financial wealth escapes tax, neither states, nor cities, nor the federal government can provide vital services – except by taxing sales and property at rates that will provoke tax rebellions, especially when middle-class incomes are not rising.
The record is remarkably consistent: in the range of approvals above 48 percent or so – that is, among voters who did not vote for him in 2000 – Bush loses support, month after month. And he does so at what is nearly a constant rate. Tick, tock. 6 percentage points – every month, on average. And the variation around that average (standard error) is quite small: less than onefourth of that value. 3 percent per month. Tick, tock. It seems that Bush has done nothing to win the enduring allegiance of voters who did not already support him in 2000.
But equally, consider what has happened in the other 32 months. The record is remarkably consistent: in the range of approvals above 48 percent or so – that is, among voters who did not vote for him in 2000 – Bush loses support, month after month. And he does so at what is nearly a constant rate. Tick, tock. 6 percentage points – every month, on average. And the variation around that average (standard error) is quite small: less than onefourth of that value. 3 percent per month. Tick, tock. It seems that Bush has done nothing to win the enduring allegiance of voters who did not already support him in 2000.