Damn it all! Cutting taxes on the wealthy
has never grown the economy!
Wealthy people take the new money and save it. They do not create jobs they do not start new businesses.
The lost revenue causes more borrowing and higher interest payments for the government.
Media should call out conservatives on trickle down economics that we have known since Reagan is an ideological myth.
A new home. Even if they build a new one, those relatively few jobs don't last very long. Or they buy a personal jet. There are only so many people employed as crew.
Or they buy nice jewelry, or eat out more often at expensive restaurants. Again, few if any new jobs are created.
Whereas poor and lower middle class people are immediately spending their money on basics like food, gas for the car, clothes, and so on. Things that actually stimulate the economy.
Heck, I have a cleaning service clean my house every other week, and aside from the fact that I'm a crappy housekeeper, now my home sparkles and I help keep a couple of people employed.
1) FIRST, Dubya Bush gives the rich the largest tax cut in history...
2) THEN, the economy tanks into huge recession, hemorrhaging 100,000's of jobs, vaporizing pensions and investments and retirement savings, and crashing the housing and automobile industries.
3) THEN, Obama was elected (after the economy tanked, not before).
4) AND THEN, during the next election cycle, the rich cast themselves as "Job Creators" and claimed they needed tax cuts to "create jobs."
And that brings us to...
5) GO TO #1.
And the voters chant "this is not the droid we are looking for."