Home
Archive
Newsletters
Video
Blogs
Discuss
About
Search
Donate
Advertise
  • AlterNetYour turn

Support AlterNet
Do you value the information you're getting from AlterNet? Please show your support with a tax-deductible donation.


Feedback
Tell us how we're doing.

Advertisement
Advertisement

Socialist Senator Sanders blasts Bush economy [VIDEO]

Posted by Evan Derkacz at 12:49 PM on March 23, 2007.


Mr. President, how can the econ be doing well if 1 million children have slipped into poverty on your watch?
sanders econ

Share and save this post:

      

      

Share on Facebook       

AlterNet Social Networks:
follow us on twitter
find us on Facebook

Got a tip for a post?:
Email us | Anonymous form

Get PEEK in your
mailbox!

 

Insert Jesus quote on poverty here -- there are any number of chestnuts from Dear Leader's philosopher fave that speak to the spiritual bungle at work here...



[Partial] transcript (and hat tip for the find) courtesy Bob Geiger:



"I wonder how the Bush administration can tell us how great the economy is doing when more than 5 million Americans have slipped into poverty since the President has been in office, including over 1 million children. That is not a booming economy.



"How can the economy be doing well when median income for working-age families has declined for 5 years in a row and when the personal savings rate in this country now is below zero, something which has not happened since the Great Depression?



"How can our economy be doing well when almost 7 million Americans have lost their health insurance since President Bush has been in office and when, according to the U.S. Department of Agriculture, 35 million Americans struggled to put food on the table last year and hunger in America is increasing? If hunger is increasing, that, to my mind, does not sound like a booming economy.



"How can people talk about our economy doing so well when college students are graduating with about $20,000 in debt and some 400,000 qualified high school students don't go to college because they can't afford it? We all talk about education, education, education. Hundreds of thousands of young people cannot afford to go to college.



"How can our economy be doing great when home foreclosures have skyrocketed to the highest level in nearly four decades, according to the Mortgage Bankers Association, and when we have lost over 3 million good-paying manufacturing jobs since President Bush has been in office?



"How can our economy be doing so great when 3 million fewer American workers have pension coverage today than when President Bush took office, and half of private sector American workers have no pension coverage whatsoever?



"When the President of the United States and his administration tell us the economy is doing great, well, they are partially right. While the economy is not doing well for the middle class or working families of our country, it is doing very well for the wealthiest people in America. That is the truth.



"Today, the wealthiest people in our country are becoming much wealthier. In fact, they have not had it so good since the 1920s. That is the reality. The middle class is shrinking, poverty is increasing, the people at the top have never had it so good since the 1920s, and we have, as a nation, the dubious distinction of now having, by far, the widest gap between the rich and the poor of any major country on earth.



"Today, the upper 1 percent of families in America have not had it so good since the 1920s. According to Forbes Magazine, the collective net worth of the wealthiest 400 Americans increased by $120 billion last year to $1.25 trillion. The 400 wealthiest Americans are now worth $1.25 trillion at the same time that hunger in America is increasing and 5 million more of our citizens have slipped into poverty.

Digg!

Tagged as: bush, economy, poverty, sanders

Evan Derkacz is an AlterNet editor. He writes and edits PEEK, the blog of blogs.


Senate Votes to Move Forward on Health-Care Bill: McCain Accuses Reid of Criminal Scheme
In debate leading to vote, McCain compared Reid to Madoff, Hatch invoked socialism, and Lincoln promised trouble ahead
Post by Adele Stan. November 21, 2009.
ACORN: Another Super Villain with Super Powers
For the trembling patriots of the right.
Post by Steve M.. November 21, 2009.
Tiny Michigan Town Tells Liz Cheney to Take her Fearmongering Elsewhere
Someplace where they're all wusses.
Post by BarbinMD. November 21, 2009.
Advertisement
Comments Turn comments off sitewide Give us feedback »
Comments closed.
The comments for this story have been closed. Thank you to everyone who participated.
View:
Props to Bernie!!
Posted by: lessbread on Mar 23, 2007 4:12 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
 

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

747400
Posted by: fearn on Mar 24, 2007 11:55 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
Why is this politician labeled a 'socialist' for pointing out the obvious?

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

» RE: 747400 Posted by: willymack
There is no poverty in America
Posted by: kbest on Mar 24, 2007 8:05 PM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
The War on Poverty was declared over 40 years ago by a liberal Democrat president. The Great Society was going to eliminate poverty. New Orleans pre-Katrina was a prime example. Afterall, N'Orleans had a Democrat mayor for those 40 years, and Loosianna (sic) had a Democrat governor for those 40 years. Congress had a Democrat majority for 30 of those 40 years. So there is no poverty in America specially N'Orleans cuz we know how well those liberal Democrats understand about winning wars.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

» RE: There is no poverty in America Posted by: nexusandroidsix
» RE: There is no poverty in America Posted by: hellofriends
I wish I could blame Bush for this but......
Posted by: mom'z the word on Mar 27, 2007 10:23 AM   
Current rating: Not yet rated    [1 = poor; 5 = excellent]
I have admired Bernie Sanders and the work he has done as an independent Congressman for many years. For the record he is a registered independent and not a registered socialist. Bernie poses an important question.

"I wonder how the Bush administration can tell us how great the economy is doing when more than 5 million Americans have slipped into poverty since the President has been in office, including over 1 million children. "

As much as I hate to admit this, Bush and/or his administration is not responsible for making more poor people and getting rid of our middle class. Even though Bush may like to take credit for 'how great the economy is’ the truth is he can neither take the blame or the credit.

The simple fact is the President, as powerful as he is, does not write the laws that determine who shall live and who shall die. Who shall profit and who shall not. Our government gives that power to Congress and Congress alone. Only Congress writes laws. And it is the laws that distribute the wealth in this country. So how the wealth of this nation is distributed is based solely and entirely on the laws Congress writes.

Congress writes the IRS Code, banking and finance codes, credit card law, FCC fines fees and penalties code, Health and Welfare laws, you name it and Congress, not the President signs, seals and deliveries who pays what when where and how. The only thing that can cure poverty is money in the form of discretionary income. It is not enough to have enough money to pay for the bare necessities. There has to be discretionary income, something left over to save, invest, purchase power. Congress mandates poverty by the laws it writes about certain people’s discretionary income by imposing fees, taxes, and penalties on it. This insures that lower income is never able to attain anything more than bare necessities without additional undo hardships.

As Bernie pointed out there are millions of poor people who do not have enough to eat or a home to call their own. By the same token there are a million laws written by Congress giving special status to certain people at the expense of poor who bare the burden. A good example is interest rates on credit cards. How much interest do members of Congress pay on their credit cards? Try 8%. Why don't they pay what everyone else pays? Simple. They write the laws. A person who works for minimum wage gets a cash advance on their paycheck. They pay 400% interest on that advance. Why? Because Congress, not the President, writes the laws that allows certain businesses to do this. Clearly this is unfair. But still it is just one example of how much control and power lawmakers have. As lawmakers the law doesn’t have to be fair, or right or even legal. They write what is legal. Look at the Patriots Act what is that, legal?

I am sure this President is delighted that Congress is doing this and maybe Congress does it to please the President I am not sure which but it does not matter. Congress, not the president is the sole exclusive owner of the purse strings.

Real Estate Law, Interest rates, veteran’s benefits, social security benefits, Congress, Congress, Congress. After Congress is done with you the State lawmakers get a shot. They write more laws on how money from citizens of a state is collected and distributed. Then local governments have a say on what you pay in the form of taxes, fees, and penalties on everything from the air you breathe to the shirt on your back. It’s all about the laws. And Legislatures, at the Federal, state and local level are the only ones that write the laws that govern who pays what, when where and how.

[« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

» In conclusion Posted by: mom'z the word