Friday, September 23, 2005
It is clear that the devastation caused by hurricanes Katrina and Rita is going to require a new New Deal. We are going to need a Gulf Coast Regional Redevelopment Authority, similar to the Tennessee Valley Authority. We are going to need a gigantic new jobs program modeled on the Works Progress Administration and the Civilian Conservation Corps. We are going to need to revive the Reconstruction Finance Corporation.
And what does George W. Bush propose? He has already awarded no-bid reconstruction contracts to such favored corporations as Halliburton, Halliburton subsidiary Kellogg Brown & Root, the Shaw Group, and Bechtel. His "Gulf Opportunity Zone" deals with our national crisis by offering tax incentives for investment but not for job creation. These tax credits are being offered to businesses across the board, including the casinos. Even Harrah's is astonished, according to the Washington Post.
I recently realized the true motto of the Bush Administration: "Ask not what your country can do for you; ask what you can do for Halliburton."
Links to this post:
