Monday, May 08, 2006

Why the ultra-rich should stop supporting Bush

Bush brags that the ultra-rich 'elite' are his 'base' and with giant tax cuts for the rich and policies that favor corporations he used to be correct. However, I believe that an unstable world is bad for business. I also believe that the Bush administration's policies have made the world a less safe place for people and for protecting long term profits and prosperity for corporations. I expect to see the ultra-rich, owners of corporations, CEOs, and "classic" conservative republicans start to at least in their actions acknowledge that Bush is bad for business and turn their back on him and the high-stakes gambling neoconservatives (they had their chance to set policy, rolled the dice and lost - the whole world has seen their failures -- lets hope that they have the class to retire gracefully instead of trying to cling to power).

In the U.S., with the looming real estate crash, I believe that owning stock in multinational corporations is probably a good investment and a good way to diversify savings and retirement accounts. My fear is that the ineffective policies of the Bush administration will hurt the economy long term, including corporate profits. I would rather see us investing in educational and business infrastructure than alienating much of the world with very expensive military excursions that probably reduce our safety, not increase it.

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