Wednesday | September 18, 2002
Shifting focus away from Iraq
As of this post, the Dow is barely hovering above the 8,000 mark. While Iraq may be dominating the news at this point, the story only has 2-3 weeks of life, leaving the country with a full month to mull the nation's economic chaos.
In addition to the flagging stock market, inflation is ticking up (including a nearly 5 percent increase in medical costs this year), fewer laid off workers are starting their own companies (a factor helping the US rise out of previous recessions), and more corporate abuses are unveiled. And Democrats are ready to pounce:
Democrats will focus relentlessly on the economy for the next six weeks with a barrage of speeches, news conferences and attention-getters tied to unemployment numbers and 401(k) statements. They have a detailed action plan designed to wrest control of the fall agenda from President Bush, who is putting possible war with Iraq front and center.And there's another potential "October surprise": Congress' open hearings on 9-11. Even Republicans on the Senate panel are promising explosive revelations. In just the first day of hearings, we got the following:
The July 2001 briefing for senior government officials said that based on a review of intelligence information over five months "we believe that (bin Laden) will launch a significant terrorist attack against U.S. and/or Israeli interests in the coming weeks."Kind of puts to rest Condi Rice's post-9-11 lies about how "we never could've forseen terrorists using planes as missiles". And then there's this little gem:
Both Shelby [R] and Graham [D] have complained that the Bush administration has not been cooperating with their investigation.9-11 revelations could easily supplant Iraq as the latest media frenzy, providing weeks of anti-administration revelations and a potential reprise of last Spring's "Bush Knew" bombshell. Posted September 18, 2002 09:05 AM | Comments (5)