Good times or Recession?

Even by mini mouse Bush's standard, his signing of the stimulus packet to kick start a sagging, lackluster economy and his hailing of the historic cuts in the Fed's prime rate to inject vitamin B into the nation's economic blood stream are signs of self deception, and hardly a cause for joy for millions of Americans. For they are done to rescue the capitalists who threw out of the window market discipline and engaged in a love fest of making money recklessly for themselves and their coupon clippers and bloodsuckers on the body of the poor and middle classes. Now that things have turned for the worse, the freeloaders who loudly proclaim themselves free marketeers, are running for cover, and with a tin cup looking for a bailout at the rate or taxpayers expense!
Herr Bush says, 'there is no recession'. Technically, there isn't, but he hasn't heard from Goldman Sachs or Lehman or Merrill analysts who say that the country indeed is in recession. More, the subprime cancer is matasercising rapidly. It is spreading to home loans, auto loans, and credit cards at an alarming pace. Already the 'Financial Times' of London is putting the subprime write offs close to a half trillion us$, which is a conservative figure. And now with the consumer falling behind on loans, this will push the debt outstanding to beyond the trillion us$ mark!
The banking system is in turmoil. The American economy is very weather beaten, but blockhead Bush wears his rose coloured specs which like the simple minded sees the world as a wonder and a blessing and with Panglossian assurance that this is the best of all possible world.
Go tell it to the Marines! as the American saying goes. A war in Iraq which seems never ending; a failed foreign policy; a road map to peace in Israel and Palestine which has hit a brick Israeli wall and won't go nowhere. A good third of the US population living below the poverty line...and that number is increasing. Yet, there is no recession for the rotten fish that make up 1 per cent of the population which to itself owns as much in us$ terms as more than half the Americans living in the land of the free, home of the brave.
A pox on Bush & his barrel of rotten apples