A more realistic — and less idealistic — view of Bushenomics is that the Bush administration and its cronies came at the economy with the attitude of oilmen.
[…] With privatization, one dollar out of every three for direct military operations in Iraq and Afghanistan goes to private contractors like Halliburton and Blackwater. So when someone says, “Support the troops!” with budget appropriations, they should really yell, “Two-thirds support to the troops! One third support to Halliburton, et al.!”
- They inherited a vastly wealth country.
- They looked at it like the oil under the Alaskan wilderness. They craved to pump it out, turn it into cash and grab as much of that cash as possible.
Comprehensive, correct, and scary as hell.