Tag Archives: President Bush

Dear President Bush: Send More Money !

President George W. Bush
The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear President Bush,

Just wanted to let you know that we received the very generous “economic stimulus” check you sent us recently. It was greatly appreciated.

We thank you.

ExxonMobil thanks you.

The oil speculators thank you.

Saudi Arabia thanks you.

(just to name a few)

Oh, I almost forgot… There’s just one problem. It’s all gone. With each visit to the gas station costing $75.00, your check didn’t go as far as we expected. And now, our gas gauge is on empty again.

Please sir, may we have some more ?

Sincerely,

Routing By Rumor

P.S. – Please also send another check to all of the people who have posted comments below.

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Late Breaking News From The White House: “The Economy Has Slowed”

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Mr. Magoo

Well, duh !

President Bush just might be the last person on the planet to have figured out that the U.S. economy is in trouble. He really needs to get out more often. Looking at the nation through rose-colored glasses while sitting in the Rose Garden, it’s hard to see what has been happening to the economy.

Last Friday, Mr. Bush announced with a straight face “it’s clear our economy has slowed”. That’s sort of like a physician standing over a corpse and announcing “it’s clear the patient’s condition is deteriorating”.

What’s next, a news flash from the Oval Office announcing that the Titanic has hit an iceberg? …or news of the Hindenburg disaster?

Not only is the President’s news flash embarrasingly late, but it also reeks of an administration in denial. We’re not in a depression. Not even in a recession. It’s just a wee bit of a slowdown. Nothing to worry yourself about, laddie.

Unless, of course, you home is being foreclosed, (foreclosures up 57% in the first month of this year) your job has been shipped to China, you can’t afford groceries or gasoline, you have no health insurance, your investments and retirement accounts have evaporated into thin air, and you won’t be able to retire until you’re 175 years old.

Mr. Bush’s also mentioned last Friday that “the long-term outlook is good”. That reminds us of nothing as much as it does “Mr. Magoo“.

By the way… You know all those shipping containers flooding our ports, laden with stuff made in China? Bet you thought all those containers are empty on their return trip to Asia. Wrong!!! We pack those containers with millions of high-paying American jobs before they are loaded onto ships for their journey home.

– RoutingByRumor

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$4.00 / Gallon Gasoline Is On It’s Way. Can You Say “Fill’er Up”?

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Tom’s Shell in Madison, Wisconsin (photographed 4/25/2001)

And you think things are tough now?

Just when you thought it was safe to pull into the gas station, the experts are predicting that oil prices are going to continue their upward climb.  Oil has been closing at new record highs almost every day lately.

Actually, we think that all Americans expect to see  $4.00 $5.00/ gallon gasoline pretty soon.  Well, all except President Bush. He hasn’t been in the loop when it comes to energy prices (or most anything else, apparently). Here’s a CNN video of the February 28, 2008 press conference where Mr. Bush expresses his utter bewilderment that the experts are predicting $4.00 / gallon gas. Kinda surprising, considering that he is from an oil family, from Texas, and the leader of the free world. Then again, we don’t think Mr. Bush has had to pull any of his limos up to the pump lately. To be fair, he did say he knew “it was high”. Speaking of being high…

We think he would have been just as surprised to hear that gas has been over $3.00 / gallon for some time already. Here’s the full transcript, (where you will also find a link to video) of the entire press conference.

We know you don’t get out much these days, George. What, with the war in Iraq, and having to give orders to shoot down spy satellites and save the world from deadly hydrazine and all. But you DO surf the Web, don’t you? You do read this blog, don’t you?

We were actually hoping the spy satellite would land in our backyard. Your car gets twice as good gas mileage on hydrazine as it does on unleaded premium. We would have dragged that sucker into the garage and pumped it’s tank dry.

If high gasoline prices cause you to run out of gas when far from home, here’s one solution.

Readers can do their part. Next time you’re at the gas station, snap a picture of the gas prices, and e-mail it to the President. Unfortunately, the White House contact page lists Vice President Dick Cheney’s e-mail address, but not the President’s. Send Mr. Cheney the photo, along with a note asking him to please wake up the President and show him the e-mail. While he’s at it, perhaps Mr. Cheney can have Al Gore pay Mr. Bush a visit, and teach him how to use the Internet. After all, he did invent it.

Next time your gas gauge says “empty”, don’t bother pulling in and asking for five or ten bucks worth of gas. They’ll laugh you right out of the station. Could the $100.00 fill-up be too far off? Gas is reportedly already above $4.00/gallon in some places, such as San Francisco. Once it tops $5.00, that $100.00 fill-up could be the new reality. Can Americans afford this? What about the impact this is having on the cost of consumer goods!

The economists at RoutingByRumor predict that you’ll see gasoline break the $4.00/gallon mark this summer. And if unforeseen problems arise in the Middle East, you could see it go much higher than that. When your economic stimulus check arrives, don’t forget to take it with you to the gas station. Just think of it as President Bush’s gift to “big oil”.

If you think inflation is out of control now, you ain’t seen nothin’ yet. See our recent post about what the price of oil is doing to the U.S. economy.

As Esso (or was it Humble Oil) used to say, “Happy Motoring”.

Hybrid and electric vehicles are looking better all the time.

– RoutingByRumor

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Stimulus, Schmimulus ! Why The U.S. Economic Stimulus Plan Won’t Have Much Effect

They are saying that the President’s economic stimulus package might be agreed upon today. Woo Hoo. Happy days are here again.

But wait a minute… I can still hear that “giant sucking sound”,  and it’s getting louder (oh, how I wish I could have found a clip on youtube of Ross Perot coining that wonderful phrase). What will the U.S. economic stimulus plan actually accomplish? Will it lower the U.S. trade deficit or increase it? Will it lower the unemployment rate? Will it have any effect on the crumbling real estate market? We believe that the proposed U.S. economic stimulus plan will not work. It is an attempt at a quick fix. It is an ill-conceived band-aid approach to what ails the U.S. economy, proposed by an administration that does not seem to grasp the root causes responsible for the American economy being in deep, deep trouble.

What the United States needs now is something along the lines of the Works Progress Administration (WPA), which put Americans to work and helped pull the country out of the Great Depression. The WPA existed between 1935 and 1943. A chicken in every pot, and two hybrid (or electric) cars in every garage wouldn’t be a bad idea either. (We’ve copyrighted that new twist on an old campaign phrase, so if Rudy, Hillary, Barack or John want to talk, you know how to reach us.) It’s quite likely that many of the government buildings and infrastructure projects in the American city or town where you live today were constructed by the WPA during that period. The WPA was one of President Franklin D. Roosevelt‘s New Deal programs.

Taking the money the U.S. government is proposing to distribute as tax rebates, and putting it into a massive infrastructure improvement program would have several benefits, both immediate and long-lasting. It would…

– Provide long-term employment for millions of Americans

– Stimulate spending by reducing the unemployment rate, and giving the currently-employed higher incomes

– Repair or replace our crumbling infrastructure, particularly bridges

– Provide an infrastructure that will facilitate future economic growth

– Keep the money in America rather than giving the recipients of the rebate checks the ability to buy even more imported goods, a major reason we’re in this mess to begin with

Let’s say, for argument’s sake, that every taxpayer in the United States gets a check for $1,000 (although it looks like many, if not most Americans will receive far less). Let’s say that Americans will spend every one of those checks rather than putting the money in the bank. Where will that money go?

If you’re about to loose your home to foreclosure, chances are good that that rebate check wouldn’t even allow you to make a single mortgage payment. Even if it does, that’s just postponing the inevitable for a few more weeks.

Perhaps you will take that rebate check and go on a shopping spree at Wal-Mart, K-Mart or Target. Wal-Mart is already America’s largest retailer and largest employer, but bigger is always better. If Wal-Mart grows, that means more low wage jobs for Americans. It means more Americans with little or no healthcare coverage. It means paving over more open land for new parking lots and big-box stores. It means more tough times for the few American manufacturers left, who are already being squeezed by the way Wal-Mart deals with their vendors.

About the only place you can spend that rebate check where the majority of the products are made in USA is at the grocery store. Unfortunately, for most Americans, eating is not a discretionary activity, and the amount of money you spend at the grocery checkout is unlikely to be influenced to any measurable extent by your rebate check.

Ben Bernanke will probably tell you that buying goods is exactly what you should do with your new found windfall. But wait a minute. As I’ve pointed out in this blog, and what you already know, unless you’ve been in a coma for the past few years, is that the vast majority of consumer goods you’ll find on retailer’s shelves are imported, overwhelmingly from China. In fact, we think that China will be the real winner if Americans go on a shopping spree. If you doubt this, just wait a few months and look at how our trade deficit with China increases as a result of this plan. Go to the mall and try to find clothing, shoes, toys, hardware or housewares made in USA. You won’t.

How is buying foreign goods supposed to help the U.S. economy? The U.S. national debt is being increased substantially by the stimulus plan in the first place. Buying foreign goods will only increase the trade deficit. Few American jobs will be created by this plan. That’s because we manufacture few products here any more, with the notable exception of food products, and even those are increasingly being imported.

With the cost of heating your home and filling your gas tank becoming an unaffordable luxury for many Americans, perhaps all of us should use our rebate checks to buy fuel oil or gasoline. The oil producing countries would love that more than oil itself. The American oil companies would support that too. Despite the fact that the oil companies have been raking in record profits, you can never be too rich, or too thin. On second thought, I think we will just cash our rebate check and ask the teller to give it to us in one dollar bills only. Then we’ll take the cash home, and use it as kindling in our fireplace. That’s one way to stay warm this winter, and it should reduce our heating bill slightly. Is it illegal to burn money?

About the smartest use we think you could put that rebate check to would be as a down payment on a hybrid or other low-emission or zero-emission vehicle. That would reduce America’s dependency on foreign oil, while helping the environment at the same time. The only problem is that very few low-emission vehicles, and almost no zero-emission vehicles are being manufactured today. And chances are good that your next car will be a foreign make that might not even be assembled in America anyway. So much for stimulating employment.

The biggest reason that the economic stimulus plan will not have any significant or long-lasting effect on the U.S. economy, is that it does nothing to address the two underlying causes of our economic problems; loss of jobs (particularly loss of good paying jobs) and the U.S. trade deficit. Until those issues are addressed, the administration can throw all the money they want at the problem, but it won’t go away. The deepening economic recession will turn into a depression, as sure as Winter will be followed by Spring.

I just came across a posting on the AFL-CIO’s website outlining their views regarding what a U.S. economic stimulus plan should include. Unfortunately, it looks like a couple of their suggestions which were originally announced by the President as being part of the package, have been eliminated in the final draft. Although I have never belonged to a labor union, I was struck by how many of their ideas match my thinking on the subject.

Maybe those rebate checks should come with the stipulation that they are not to be spent on food, imported goods or foreign oil, gas-guzzling vehicles, and may not be burned.

– RoutingByRumor

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Dear President Bush…

Dear President Bush,

Thank you for finally waking up and smelling the coffee regarding the dire condition of the American economy. We were beginning to wonder if you’d ever notice.

Your fellow Americans have certainly noticed. We notice it when we find it increasingly difficult to pay our bills. We notice it when we can’t afford health insurance. We notice it when we can’t find a decent paying job, or any job at all. We notice it when we can’t afford to heat our homes or fill our gas tanks. We notice it when we are laid off. We notice it when food keeps getting more and more expensive. We notice it when more and more of the wealth in America is being concentrated at the very top of the economic ladder, while things are getting worse and worse for the poorest Americans. See our recent blog post entitled “Need Proof That The US Economy Is In Trouble?

How on God’s green Earth could you have missed the signs up until now? Here are just a few of the clearest indications of trouble we think you might have missed…

– Record high energy prices

– Americans unable to heat their homes

– Americans unable to afford health care

– Record numbers of Americans losing their homes

– A depressed real estate market

– The highest inflation rate in decades

– A very troubled job market

– Thousands of mass layoff actions by employers

– America’s almost total inability to enforce it’s borders, and the resultant illegal immigrant and undocumented worker problems

– The loss of most American manufacturing jobs

– America becoming almost totally dependent on China for consumer goods

– A minimum wage that guarantees poverty for millions of American families

– Rampant corporate scandals, from Adelphia, to Brocade, to Enron, to Tyco to Worldcom

– Spending more than $1 TRILLION on the Iraq war (see Washington Post article), with no end in sight

– Americans unable to afford retirement, and worried about a bankrupt Social Security system

Need more proof? The U.S. Bureau of Labor Statistics reports that there were 1,800 mass layoff actions of American workers in November, 2007 alone ! They define a layoff action as an event involving 50 or more (thousands, in many cases) employees at a single employer. That’s a minimum 0f 90,000 workers (probably more like several hundred thousand) losing their jobs in mass layoffs, in November alone. And that’s only counting MASS layoffs, which are the tip of the unemployment iceberg. For instance, the BLS says that almost a half-million more Americans joined the ranks of the unemployed in December 2007 alone !  That’s so hard to believe, we’ll repeat it again…  almost a half-million more Americans joined the ranks of the unemployed in December 2007 alone !

So, Mr.President, I was wondering what finally caught your attention. All of a sudden, your administration is talking about an economic emergency. Plans are being floated to provide assistance to Americans, among them, huge tax rebates and increased unemployment benefits. Your administration is using terms like “immediate” and “robust” to describe the economic stimulus plan you are now formulating. Better late then never.

Could it be that you finally noticed because some of America’s largest financial institutions are now feeling the pinch? Within the last few days financial giants including Citibank and JP Morgan have reported huge losses and impending (or continued) layoffs. It sounds like you may have not been taking the economy seriously until the big boys started hurting. Now, finally, your administration has shifted into crisis mode.

Would you like this American’s two cents worth of advice?

It’s really quite simple. The U.S. economy will not recover unless the hemorrhaging of American manufacturing jobs is halted and reversed. The “service economy” is overrated. The American economy will continue to deteriorate if our dependence on imported goods continues to accelerate.

I’ve already mentioned this in this blog… See if you could get out of 1600 Pennsylvania Avenue now and then, and walk the aisles of the stores. Look at the labels and the packaging. Almost everything we’re buying is made somewhere else, usually in China. That’s our biggest problem. Pass legislation (tariffs, tax breaks, whetever) that will encourage manufacturers to produce their products in the USA.

– Sincerely,

RoutingByRumor

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