Thursday, July 20, 2006

Earth Calling Dear Leader

ThinkProgress covers President Bush's speech to the NAACP--his first in 5 years in office:

One of my friends is Bob Johnson, founder of BET. He’s an interesting man. He believes strongly in ownership. He has been a successful owner. He believes strongly, for example, that the death tax will prevent future African-American entrepreneurs from being able to pass their assets from one generation to the next. He and I also understand that the investor class shouldn’t be just confined to the old definition of the investor class.

President Bush’s “death tax” pitch demonstrates his stunning disconnect from the African-American community. According to an American Progress analysis, just 59 African-Americans will pay the estate tax this year, and that number will drop to 33 in 2009.

Meanwhile, as of 2004, 24.7 percent of African-Americans lived under the poverty line (up from 22.7 in 2001) — that’s more than 9 million people. The number of times Bush mentioned “poverty” in his speech: 0.

Jeebus, I can't believe we still have over two years left of this (dangerous) clown's reign...


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