McBush economics

I've never understood where Republicans earned a reputation for being guardians of the economy. They simply don't seem to understand basic math. Massive spending coupled with declining income is a road to bankruptcy, not prosperity. And it is no wonder our economy is in the tank. The leaders of the Republican Party don't understand basic economics.

What caused the credit crunch and what is the reason Congress must spend $25 billion to rescue Fannie Mae and Freddie Mac?

According to President Bush, it is because, "Wall Street Got Drunk." In actuality it was because the Bush's Federal Government didn't provide adequate oversight.

Yesterday more of the McSame economic reasoning showed its ugly head: McCain credits Bush for drop in oil price. His argument is that, although oil drilling is still banned in our coastal waters (and rightfully so!), the price dropped because President Bush said we would drill there. No one believes that argument.

Instead the price of oil is dropping because "the weak economy is destroying demand".

Basic economic theory is just too tough for Bush and McCain to grasp. Let's make sure they ride off into the sunset together at the end of this year.