Bush ego hits US

by Claudia Sonea

Politics is a tricky ground and there are many things to take in consideration. However, every time you take a look at US economy and current situation, you just think sometimes it gets overboard. Bush although is not a genius, certainly has ego and tries desperate to show who's the man by getting in other countries' affairs. America has long enough played God and interfered with other people decisions. Now the Fed, the investors and financial analyst are preoccupied by the economy state and the fact that the dollar is losing ground in front of other currencies. On top of everything President Bush had the courage to request 200 billion dollars more for supporting the war. There are 3000 jobless Americans only now after Bank of America decided to let them go and instead of investing in economy 200 billion dollars, it is best to spend it on a futile war whose results are being delayed in showing. The Congressional Budget Office gave a report that estimated a cost of 2.4 trillion dollars by 2017. White House through secretary Dana Perino showed offended saying that it's a report ordered by Democrats in the Congress. She added that the report is hypothetical and it's impossible to predict how much it will cost in the future. CBO Director Peter Orszag told the House of Representatives Budget Committee that the figure can be influenced by taxes and that it's the highest, but not sure if it's the worst scenario. In his support comes committee chairman John Spratt who states that no matter what you say the cost are keep increasing and although you cannot predict the final costs, it is obvious that it's not good. To save the party and leader's decision the top Republican on the committee, Paul Ryan, says it's not a big figure by comparison to the former ones made by military missions during political crisis. Despite accusations CBO is non-partisan analyst for the Congress and estimated cost could start from 1.2 trillion next year, if not from 1.7. 705 billion dollars will be only from interest rates if the financing continues to be from government borrowing. In the cost it is included spending on medical care and disability compensation for veterans, and survivors benefits and aid for building up foreign armed forces in Iraq and Afghanistan. The Congress already provided 602 billion dollars on military operations in Iraq and Afghanistan- 70 percent in Iraq. Also Lawmakers spent 39 billions dollars on diplomatic operations and foreign aid. How long a man will control the world? He might have good intentions but somehow his ego seems more plausible to his actions.

related story: http://news.yahoo.com/s/ap_travel/20071024/ap_tr_ge/travel_brief_france_free_museums;_ylt=AnnQyUM2cFQX9ay02I97jtKs0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

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