Upon reading two articles spotted by my economics professor and my favorite economics blog, I can no longer take the optimistic stance that Bush isn't so bad. According a column by Joseph Stiglitz, Nobel laureate, Bush's crimes include widening of the inequality gap, vastly increasing the budget deficit and debt, being at the root of the increase in bankruptcies and mortgage problems, not to mention the little Iraq problem. Ultimately, as asserted by Larry Summers of Harvard, the economy is headed for recession next year and "there is the risk that the adverse impacts will be felt for the rest of this decade and beyond," consistent with Stiglitz's even more dismal claims. I highly recommend reading the Stiglitz article; it's very comprehensive and interesting, but also demoralizing.
By the way, I don't read Vanity Fair.
2 comments:
what the fuck is this you dont even know me. why am i a demon? fuck this who is this?
Thanks for writing this.
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