Bush's Valentine. .As President Bush has been gearing up for war against Iraq, I'm struck by the irrationality of it all. Iraq is not the grave and imminent threat Imminent threat is a standard criterion in international law, developed by Daniel Webster, for when the need for action is "instant, overwhelming, and leaving no choice of means, and no moment for deliberation. Bush makes it out to be. Most of our allies do not share Bush's obsession. The war could exact a huge cost in terms of human life. It could enflame the Middle East. And it could rattle our economy. So why would Bush go forward? Oil, for one thing. Flexing American muscle, for another. Gaining political advantage, a third. Vanquishing a foe of ally Israel, a possible fourth. Yet another reason may have something to do with the messiah complex Messiah complex may refer to:
tr.v. af·flict·ed, af·flict·ing, af·flicts To inflict grievous physical or mental suffering on. [Middle English afflighten, from afflight, with. We explore this touchy subject in our Comment on page 8. Bush's stimulus program is a stimulus for the country club set. This year, according to Citizens for Tax Justice, the top 1 percent of Americans--those making $374,000 or more--stand to gain $30,000 each, while the lowest 20 percent will get only a $6 tax cut. Enough for a cheeseburger and a beer! Aside from being grossly skewed skewed curve of a usually unimodal distribution with one tail drawn out more than the other and the median will lie above or below the mean. skewed Epidemiology adjective Referring to an asymmetrical distribution of a population or of data toward his golfing buddies, Bush's plan is not a smart way to jump-start the economy. First of all, it is back-loaded. Robert Greenstein, executive director of the Center on Budget and Policy Priorities The Center on Budget and Policy Priorities (CBPP) is a non-profit think tank which describes itself as a "policy organization ... working at the federal and state levels on fiscal policy and public programs that affect low- and moderate-income families and individuals. , notes, "It would cost $674 billion through 2013 but would put out only $102 billion in the first year, the period when the stimulus is needed." And secondly, it is geared precisely to the population that is least likely to spend the money right away. The poor and the middle class have pressing needs that they are waiting to meet but can't afford. Giving them some purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. would rev up the economy much more than would fattening fat·ten v. fat·tened, fat·ten·ing, fat·tens v.tr. 1. To make plump or fat. 2. To fertilize (land). 3. the investment accounts of the wealthy. The Republicans make strange Keynesians. Bush's tax program proves they've been playing games with the issue of the deficit forever. When the budget used to be in the red, they would insist there was no money for any spending on urgent social programs. Now when the budget is redder, they are willing to give away $674 billion in taxes and run up an Iraq war bill that may be anywhere from $50 billion to $200 billion. New McCarthyism update: Professor M. J. Alhabeeb teaches economics at the University of Massachusetts The system includes UMass Amherst, UMass Boston, UMass Dartmouth (affiliated with Cape Cod Community College), UMass Lowell, and the UMass Medical School. It also has an online school called UMassOnline. at Amherst. He is writing a book entitled Microeconomic mi·cro·ec·o·nom·ics n. (used with a sing. verb) The study of the operations of the components of a national economy, such as individual firms, households, and consumers. Theory of the Family, and one of his recent papers is entitled "Youth Employment in the United States: Trends and Implications." But when two campus police officers, one working for the FBI, paid him a visit on the afternoon of October 24, they weren't interested in discussing his microeconomic theory. "They came to my office and said they were acting on a tip someone called in saying I am anti-American," he recalls. "I asked, `What does that mean?' "And they said, `You are opposing the President's policy on Iraq.' "And I said, `Millions of Americans are opposing the war. What's the big deal?'" Alhabeeb, who fled his native Iraq in 1982 because he was harassed for not being a member of the Ba'th Party, says the Amherst officers talked to him for five or ten minutes. Now a U.S. citizen, he says, "To feel that we have to be cautious, that we have to hold our thoughts, should never become the norm in American society." We couldn't agree more. |
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