Henri Reynard Speaks Out

Politics



Buckspin, Or How To Make The Buck Stop Over There Somewhere?

I gotta hand it to this administration, they know how to confuse the public just perfectly. Today the dollar is still strong even though it has lost ground against the Euro by 27% since late last year. It is strong not because it is trading well against the Euro but because we carefully changed the definition of strong over the weekend. Well you and I really had nothing to do with it, the masters of spinglish, the spinners version of English did it for us. I am speaking of the court wizard of subterfuge Karl Rove and his apprentices in the administration where the buck never stops. It just keeps right on spinning until it disappears. A hundred billion here, in Iraq, not really here but don't notice that, it's not patriotic. Three hundred and fifty billion there, into the control of the people who gave you Enron and Arthur Anderson, WorldCom and Global Crossing, Xerox and Adelphia and the hits just keep on coming. Spin baby, spin and when you stop maybe Bill Bennett will win for a change. Of course Bill doesn't really have to worry about losing a few million, he can just write another bestseller giving us mere mortals more moral metrics. If you can say that fast five times you too may qualify for a job redefining the language, it is all the rage in Washington.

The outrage will have to wait until the public gets a grip on how badly they are being conned by the Boy Scout President and his Sorcerers Apprentice. Bush II, the "Son of Teflon" has shown great mastery at the art of slipping out from under responsibility when bad things happen. He never paid his dues for Florida where the last Presidential election was stolen and he just happened to have it handed to him by the Supreme Court. He escaped any responsibility for 9/11 even though there were some reasons to know that we were targeted and his administration ignored them. The drop in stock values during his administration hardly impacted him at all in spite of the fact that the last time it got this bad Herbert Hoover was President. He glided through the midterm election on the power of the war on terror. He is escaping any anger at the lies told to get us into the war with Iraq. He has a 71% approval rating today and he is gliding down the slope toward reelection looking like nothing can stop him. Well there is this little thing called the economy but his Sorcerers will take care of that for him. Won't they?

The Economy is targeted to improve before the election in November 2004, everyone is doing all they can to make that happen. The Federal Reserve is clearly going to lower interest rates again before then, that will help boost the economy, won't it? Well maybe a little in the short term, but we are a lot more points down from where we were three years ago than we have left before we get to zero. I can already buy a car at zero percent interest on a five-year loan. And everybody who can refinance their home is already doing so. Anybody who doesn't own their own home, and has a job and can scrape together a down payment is buying now. That won't help much even if we go to zero percent interest and our ability to draw investment capital from outside the country will go to zero too.

So the next tool is a weaker dollar, that's by the old definition. Weaker used to mean that your currency was trading at lower values than it has recently against other important currencies. That often stimulates the economy because our exports become cheaper in the nation with the stronger currency. Europe with twenty seven percent gain over the last few months is an ideal target. Unfortunately Europe seems to be entering a recession, and consumption will probably decline at least in the short term. Oil prices have a large effect on our economy, and they are coming down because of our quick victory in Iraq. Unfortunately that may not last because Iraq is not increasing production as fast as we hoped due to the looting and lawlessness they are suffering. Also there is the deepening rift with Saudi Arabia and their increasing debt load. When you have 9000 princes riding around in convoys of Mercedes and living in Palaces it can take a lot of cash.

The economy may not trump his Commander In Chief act, Bush II may win the second term that he will need to reverse Roe V Wade. He may triumph over the dupe running for the Democrats, whomever that might be this time. The Presidential War Chest is reputed to be two hundred million dollars already and he has no primary elections to worry about. Bush II could easily collect five hundred million by the time the election finally comes around. That will be hard to beat without a stumble by his Wizard and the clarity needed by the opposition to exploit it. It seems implausible but it can happen. If he wins the changes made in our society so far will be chump change compared to what a second term will bring. Ponder that those of you who think it is a good idea to have another round with the same boys in the White House. It is starting to look more like a castle every day, Maybe in the second term they can finally build the moat. God bless and keep you, our troops, our protestors and our voters safe in these ill-defined times.


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