Open Letter to President George W. Bush

[Martingale]

A scathing letter to President Bush signed by 150+ professors of economics and business, including 50 Harvard professors alone.

Dear Mr. President:


As professors of economics and business, we are concerned that U.S. economic policy has taken a dangerous turn under your stewardship. Nearly every major economic indicator has deteriorated since you took office in January 2001. Real GDP growth during your term is the lowest of any presidential term in recent memory. Total non-farm employment has contracted and the unemployment rate has increased. Bankruptcies are up sharply, as is our dependence on foreign capital to finance an exploding current account deficit. All three major stock indexes are lower now than at the time of your inauguration. The percentage of Americans in poverty has increased, real median income has declined, and income inequality has grown. ... link (http://www.openlettertothepresident.org/)

What do you think?

[orxan]

Bankruptcies are up sharply, as is our dependence on foreign capital to finance an exploding current account deficit

Who are the main US creditors? China and Japan. Who is the potential threat to the US security and new actor in potential Cold War II ? China.

as China is growing both economically and militarily, US Foreign Policy experts worry more and more. The reason why Condy Rice made her recent Central Asian tour, and demonstratively ignored Tashkent, is that the US need permanent military bases on Chinese frontiers.

another point,

Economic experts talk a lot about annual national deficit, which is, according to the artical, $ 400 billions. However, they say nothing about bigger problem - US National Debt, which is 20 times more than national deficit, and is growing dramastically annually.

U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 19 Oct 2005 at 06:43:20 AM GMT is:

http://www.brillig.com/debt_clock/debtiv.gif

The estimated population of the United States is 297,470,828
so each citizen's share of this debt is $26,905.64.

The National Debt has continued to increase an average of
$1.63 billion per day since September 30, 2004!

http://www.brillig.com/debt_clock/

[timurlenk]

bush is a idiot so bush cannot understant such comments....

[Legend]

Looool :D Laziz, cwhen I read the topic , I expected to see sth like Ruslan Sharipov wrote to Pres. Bush :D , but in your version with counter-arguments :) . But it was sth different :) .

[UzLand]

Looool :D Laziz, cwhen I read the topic , I expected to see sth like Ruslan Sharipov wrote to Pres. Bush :D , but in your version with counter-arguments :) . But it was sth different :) .

:lol: :D :) :rolleyes: :twisted:

[john_nash]

A scathing letter to President Bush signed by 150+ professors of economics and business, including 50 Harvard professors alone.

Dear Mr. President:


As professors of economics and business, we are concerned that U.S. economic policy has taken a dangerous turn under your stewardship. Nearly every major economic indicator has deteriorated since you took office in January 2001. Real GDP growth during your term is the lowest of any presidential term in recent memory. Total non-farm employment has contracted and the unemployment rate has increased. Bankruptcies are up sharply, as is our dependence on foreign capital to finance an exploding current account deficit. All three major stock indexes are lower now than at the time of your inauguration. The percentage of Americans in poverty has increased, real median income has declined, and income inequality has grown. ... link (http://www.openlettertothepresident.org/)

What do you think?

The trouble is that, by the means of total critical approach, they slimmed their own chances of being really heard by him or by those surrounding him.

Although I didn't read it all up to the end, just wonder, how many professors of those who signed DO agree with the letter?

[Bonik]

The trouble is that, by the means of total critical approach, they slimmed their own chances of being really heard by him or by those surrounding him.

Although I didn't read it all up to the end, just wonder, how many professors of those who signed DO agree with the letter?

Kak govoryat kratkostx sestra talanta, v pisxme nado bilo napisatx:

Dear Mr. BUSH, Could you please with sugar on top, RESIGN !!! B@#$CH :twisted:

[Prince]

Americans already made their "choice"!!! Bush will be president till end of 2008!
Whoever comes after W G Bush , Democrat or Republican or even the most "Genius" person in our planet will be in trouble! It takes more then 5-8 years to return to that economic position what America had before.