Monday, March 2, 2009

Bush Enron-ed America

There's really no other way to put it. And it's essentially that simple.

Bush as been committing accounting fraud since we went to war with Afghanistan. It only got worse with Iraq. How much have these wars cost? Well, we have estimates of what Congress has authorized, but that's not where the accounting fraud has come in. The fact is that most of the money for Iraq was not included in the formal budget proposals from Bush. Sure, he requested some money. But then he requested more. And more. And eventually, most of the war funding requests came outside of the formal budget process. So, Bush dug us into debt with his budgets, and further with his wars. His accounting of our country's expenses was not honest, and it undermined our economic system. Like Enron, America appeared more solvent than it really was. See the similarity between Enron stock and the Dow recently?

Ok, I'll give you the fact that Bush didn't set up offshore accounts that moved money in generally illegal and improper ways (I think). But, his system of budgeting was a smoke and mirrors act. And the mirrors have come crashing down. Obama's commtiment to honest budgeting may not be pretty. But at least it's real. We can rebuild on real. We can cut back once we know what's actually being spent (and where it goes).

But, here's the real lesson from Enron: The Republican financial gambit makes it impossible to run an honest business in the long run. It was never about establishing long-term security and stability. It was about propping up the house of cards long enough to get yours and get out. So, no, Republicans we don't want your opinion on Obama's budget. You don't know WTF you're talking about, you're not fiscally conservative. You're liars and thieves and you haven't learned your lesson from Enron.

Bush, Cheney, DeLay: here's your next job option.

No comments: