Thursday, September 02, 2004

Bush Speech Preview

He's going to talk about "ownership." Here's the problem with that.

"The Republican rhetoric assumes most Americans can save and invest. The reality is, most Americans are deep in debt. Before they can join the "Ownership Society" they've got to pay their credit card bills, their rising variable-rate mortgages, and their auto loans. After that, there's no money left because jobs are in short supply and wages are stuck in the mud."

"Face it: The Republican "Ownership Society" is hokum. Ownership of America is now more concentrated than since the days of the Robber Barons of the 19th century. The richest 1 percent of America owns more than the bottom 90 percent put together."


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