Wednesday, January 30, 2008

Band Aid politics

Our congress is currently completing a piece of legislation that is supposedly going to help our economy; namely give respectively each taxpayer or household about $600 or $1,200, sometime in late spring, in the hope it will help the economy. There will also be some provisions aimed at businesses that would accelerate depreciation on newly acquired equipment. In my opinion, this costly $150 billion investment isn’t going to help much as it is merely another Band Aid, but this time too little, too late. Why not instead pull the plug on the wasteful Iraq war and get our troops home? This would send a true signal to the world’s financial community that our country is finally seeing the light about its ill-advised invasion and occupation is serious about balancing its budget instead of bleeding it even more, and that it’s about time that Iraq works out its problems, split like the former Yugoslavia, if it wishes so, and carries on. Awash with oil wealth, Iraq can definitely do much better than Afghanistan and its corrupt government that is no much different than a drug dealer benefiting from the U.S. full support.

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