Thursday, August 09, 2007

President blames Congress for bridge collapse, proposes corporate tax cuts as the cure.

It's hard to believe, but President Bush blamed Congress for the bridge collapse last week at the same time that he pushed for new corporate tax cuts.

President Bush said yesterday that he is considering a fresh plan to cut tax rates for U.S. corporations to make them more competitive around the world, an initiative that could further inflame a battle with the Democratic Congress over spending and taxes and help define the remainder of his tenure....

Bush also warned China not to start a trade war, blamed Congress for not doing more to shore up infrastructure such as the bridge that collapsed in Minneapolis last week, and pushed back against Democratic presidential candidates who are promising to renegotiate the North American Free Trade Agreement.

Yeah. OK. We clearly need a lot of money to pay for upgrading and maintaining our infrastructure, whether it is bridges or other elements (like the steam pipe that blasted a hole in Manhattan last week). How is a corporate tax cut going to do anything about that?

I might take him seriously about claiming that 1. it's up to Congress to come up with the money to fix it, 2. we need more tax cuts now, and 3. we have to hold the line on spending, if he wasn't going to change the dial again and ask for another hundreds of billions for Iraq next month.

This guy doesn't understand the meaning of chutzpah.

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