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Rewind: Cost of Persistent Flawed Thinking

October 25, 2010

Our financial well-being is under siege. Republicans want to privatize SSI. Where would Social Security recipients — the elderly and the disabled – be if Bush had been successful tying SSI to the stock market? Broke, wiped out, ruined, and suffering. This same person who led the country to the worst economic collapse in our history due to lack of oversight and regulation is still trying to promote himself and his flawed ideas (see below). The man who once said, I’m the decider, just cannot accept he is no longer in power and that millions of people are suffering due to his failed presidency an economic policies. Here are the numbers:

  • >44 million Americans live below the poverty line.
    >The Bush tax cut increased wealth for the upper 5% of Americans.
    >According to U.S. Census, blue-collar worker wages have fallen 2.5% during the last decade.
    >The top 10% of workers take home 49% of the nations annual wages — higher than any year since 1917.
    >The median income for the top 1% of U.S. households has increased a stunning $250,000!*
  • Source: Los Angeles Times

    Former President George W. Bush signaled on Thursday that he sees not reforming Social Security as his greatest failure from the eight years he served in the White House, the Chicago Tribune reports. In 2005, the president unsuccessfully tried to partially privatize Social Security.

    The unpopular Republican leader made the suggestion while speaking at a trade conference in the Windy City, where he discussed his legacy and also offered a glimpse into what readers can expect from his forthcoming memoir, Decision Points.

    “I would like to be remembered as a guy who had a set of priorities, and was willing to live by those priorities,” explained Bush. “In terms of accomplishments, my biggest accomplishment is that I kept the country safe amidst a real danger.”

    Source: Huffington Post

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