Posted on 02/01/2007 10:42:36 AM PST by Tolerance Sucks Rocks
President Bush yesterday said there is a growing "income inequality" gap between rich and poor Americans, and told companies they should rethink the giant compensation packages they offer top executives.
The markedly populist message, a divergence from the past, in which Mr. Bush has accused critics of practicing class warfare, was all the more noteworthy given his venue -- a speech at Federal Hall in New York, in the middle of Wall Street, the capital of capitalism.
But the president called for conservative market-based answers, including demanding that Congress renew trade-promotion authority, which allows him to negotiate trade agreements then present them to Congress in a take-it-or-leave-it fashion.
Mr. Bush said he expects a bruising debate before his current trade-promotion authority expires July 1.
"Bashing trade can make for good sound bites on the evening news," Mr. Bush said. "But walling off America from world trade would be a disaster for our economy. Congress needs to reject protectionism."
In what was billed as his update on the state of the U.S. economy, Mr. Bush took credit for the 2001 and 2003 tax cuts, promised to submit a budget next week that eliminates the deficit in 2012, and asked Congress to give him a version of line-item veto authority.
"When people across the world look at America's economy, what they see is low inflation, low unemployment and the fastest growth of any major industrialized nation," he said. "There is one undisputed leader in the world in terms of economy, and that's the United States of America."
But Democrats said Mr. Bush's rosy picture of the overall economy was out of focus.
(Excerpt) Read more at washingtontimes.com ...
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http://www.freerepublic.com/focus/f-news/1772025/posts
http://www.washingtonpost.com/wp-dyn/content/article/2007/01/19/AR2007011901363.html
Well... Something's happened to him. After reading stuff like this, I keep expecting him to step to the podium one day, rip off the mask, and it'll be Hillary underneath.
Most times of the day, I could care less what the CEOs are making. Thanks for the links.
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