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Blogs by John Richard Lindermuth
A Black Day For America 11/3/2004 6:29:35 PM
The defeat of John Kerry puts the U.S. and the world in jeopardy and headed for economic disaster. If you think that's just a loser's hyperbole, consider just a few economic ramifications.
The winners in this election are not the American public - including the deluded who voted for the Bush-Cheney team but corporate greed, particulary that of the pharmaceutical, insurance, energy and defense industries to name just a few.
Some examples:
Drug makers and their investors, which faced potential of tougher oversight and possibly price control under a Kerry presidency, have clear sailing under Bush - bad news for the ailing who can barely pay for their medicine now.
Businesses have identified soaring health insurance costs as the most critical issue facing them today, but proposals by Bush aren't likely to immediately slow the growth in spending for both companies and their employees.
The Bush regime poses little or no relief to cap the soaring cost of medical insurance.This year, employers will pay an average of almost $7,300 for their share of the cost to insure a family of four and $3,137 for single coverage, according to the survey by the Kaiser Family Foundation and Health Research and Educational Trust. Premiums also rose for the fourth straight year at a double-digit increases rate.
Bush is also likely to call on Congress to revive legislation that would allow private companies to search for oil, coal and natural gas on federal lands currently off limits, including Alaska's Arctic National Wildlife Refuge.
And, he wants to make it easier for the oil industry to build new refineries. There hasn't been a new refinery built in the United States in 28 years and the industry complains about meager profit margins, hefty environmental costs and too much government regulation.
He supports the construction of new nuclear-powered generating stations, but opposes enacting federal requirements for utilities to use renewable fuels such as wind.
Government technology spending will likely continue to be concentrated on defense and homeland security, with a question mark hanging over promises of an ambitious space program.
Defense spending would increase as well. This administration would continue its past practice of pouring billions into missile defense since we all know Osama bin Laden is armed with ballistics systems to equal those Saddam Hussein didn't have. Hah!
While a $3 billion bond measure supporting stem cell research did pass in California Tuesday, Bush will continue restricting federal funding to the field because of ethical concerns about the destruction of human embryos in some stem cell research.
So it looks like fat-cat CEOs who've been gouging the public will continue to wallow at the trough while the poor get poorer more innocent people are murdered in an unwarranted crusade against those who didn't give us 9/11.
