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19. It really didn't take a rocket scientist to see what would happen to the economy if the middle class
Sat Feb 9, 2013, 05:49 PM
Feb 2013

and working poor took yet another hit. It's basic math. If the government takes what little spare change you have, then you are no longer spending that spare change eating out or going to see movies, and when you don't eat out or go to the movies, the restaurant and theater owner have to lay off employees.

This couldn't have happened at a worse time, with the economy still teetering on the ledge. Oh and for anyone confused about what bombing people in the middle east does to our economy... It raises oil prices, when oil goes up you get a lot less gas in your tank. With a lot less gas it costs you more money to deliver your eggs to the market, you're forced to raise your prices, when you raise your prices, people can't afford to buy as many eggs or put as much gas in their car.

We're just doing all the right things.

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The payroll tax holiday expiration should have been offset with income tax cuts for low income n/t Fumesucker Feb 2013 #1
I think bigapple1963 Feb 2013 #28
I always thought the tax holiday to be a bad idea Sherman A1 Feb 2013 #2
The goal was to boost the economy. Historical data shows that the best way to boost bluestate10 Feb 2013 #8
My understanding was that other historical data Sherman A1 Feb 2013 #12
my historical data shows hfojvt Feb 2013 #15
OMG BainsBane Feb 2013 #30
no, what I value is hfojvt Feb 2013 #31
Not at all jmowreader Feb 2013 #29
I'm jealous they could afford a monthly date night before magellan Feb 2013 #3
More proof that money in the hands of lower income and poor stimulates the economy libtodeath Feb 2013 #4
Your remark captures the real tragedy. (nt) DreamGypsy Feb 2013 #5
As if proof and facts matter when it comes to funding our servitude. +1 n/t Egalitarian Thug Feb 2013 #6
what proof and facts though? hfojvt Feb 2013 #16
It is not a issue with the numbers but what they did with it libtodeath Feb 2013 #17
+1 HiPointDem Feb 2013 #22
Maybe I don't understand your question. Are you denying that virtually every penny that the Egalitarian Thug Feb 2013 #24
Not only does this move hurt a lot of working Americans, amandabeech Feb 2013 #7
Tell that to the DU members that were raging on about how the holiday hurt Social Security. bluestate10 Feb 2013 #10
They don't listen, mostly, I think because because they believe that they themselves will amandabeech Feb 2013 #11
Let me tell you what's vastly unfair jmowreader Feb 2013 #18
So perfectly said libtodeath Feb 2013 #23
So a wealthy person that will not need SS when they retire but can still draw the maximum benefit libtodeath Feb 2013 #20
So stimulus works? alcibiades_mystery Feb 2013 #9
I knew it was coming and supported the ending, but it's still a shock. Starry Messenger Feb 2013 #13
Mine went down $60 alarimer Feb 2013 #26
Everything hits low-income Americans hard. Autumn Feb 2013 #14
It really didn't take a rocket scientist to see what would happen to the economy if the middle class DogPawsBiscuitsNGrav Feb 2013 #19
x1000 libtodeath Feb 2013 #21
On the plus side, we won permanent tax cuts for people earning up to $399,000 a year Demo_Chris Feb 2013 #25
The May Think Different When They Hit 65... KharmaTrain Feb 2013 #27
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