Bush's $2.4 Trillion War Bill Wrecked The Economy
Sometimes I wish I was not always right. About two years ago when the American people finally came to the realization that George W. Bush had really screwed up the economy, I told a close friend that we would probably see an uptick in violence.
I suggested that white people, stripped of their homes, SUVs and Eddie Bauer clothing, would lash out violently. Unlike black and Latino, and maybe even Asian people, many white people are not used to being broke. Being broke is nothing new to people of color, most of us are only one generation from the projects. Many of us grew up in the ghetto, went to college and got out. We still have family members who live in shady neighborhoods. And who has hasn't had to send money to kinfolk who have fallen on hard times?
But with white people it is not necessarily the same. I am not saying that all white people are rich. But poverty is less common among whites. Although this is changing as the American nuclear family crumbles. Rising divorce rates and out of wedlock birth rates mean we are seeing more white families struggling with poverty as women try to raise children on single incomes. Statistically there are more white people on welfare than black people.
However for many white people, we are talking about two or three generations of middle-class incomes. Maybe some of their grandparents remember the Great Depression, but their parents went to college, or had white-collar jobs. There are kids who get brand new cars on their 18th birthdays, trust funds and college tuition paid for. I once worked with a lady who was surprised that most people went into debt to pay for college.
The Great Recession has decimated the middle class. In fact we are seeing many people tumbling out of the middle class and into poverty. When homes are foreclosed those families may end up homeless or in shelters. Unlike people of color, white people often don't have close social networks. Black people always know they can bunk on their mama's couch, until they get on their feet. But many middle class white people, are estranged from their families and find it difficult or darn near impossible to ask for help.
So it's not surprising we are seeing more case like Joe Stack, who crashed a plane into the IRS building in Austin, Tx. This is one of many recent cases of domestic terrorism from angry white men. And with FOX News, the Tea Party movement and people calling for the execution of the the first black president, I fear it's only going to get worse.
The worse thing about the Tea Baggers movement is that it misdirected anger. Tea Party protesters say they are mad at legislation like the banking bailout, because it overlooks the little guy, and yet they are throwing their weight behind the party which has an even more corporate-friendly agenda than the Democrats.
Unfortunately, the powers that be have always used race and religion to misdirect the anger of blue-collar white people. Tea Baggers are mad at Barack Obama, but they really should be directing their anger at George W. Bush and Dick Cheney, whose disastrous policies wrecked the economy. Bush signed the banking bailout and was an advocate of the same kind of deregulation that caused the financial crisis in the first place. (Obama took money from Wall Street so he really isn't that much better.) Consider this small fact, the Congressional Budget Office estimates the final cost of the Iraq War will be about $2.4 trillion! (Where were the Tea Baggers was Bush was pushing his bill through Congress?), while the Stimulus bill, cost about $780 billion. So if we had not invaded Iraq we could have sunk that money into the American economy and prevented the Great Recession from ever happening! By the way, Paul Krugman, New York Times columnist, Princeton professor, and Noble prize winner, also agrees with this idea.
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