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They give massive tax cuts to the wealthy.
The wealthy already have all the money they need to buy the luxury goods they want.The middle and lower income people who have pressing needs, get shortchanged and don't have the money to buy essential goods. This has lowered demand,depressing retail sales.This kills the jobs middle class people used to have to pay their bills and demand goes down even further. The layoffs you and others have reported are the result of this mad economic policy of tax cuts for the welathy.
On the supply side, the tax cuts were supposed to stimulate investment.But the wealthy who received the biggest share of the tax cuts, are not interested in any risky investments.They put them in safe investments that yield a nice, risk free yield.And as corporations seek higher profits, the money simply goes to India and China instead of being invested at home.So, now we are going to see loss of jobs from the supply side.
What Bush has accomplished with his crazy tax cuts is to deplete our treasury,export our jobs and kill the purchasing power of our middle and lower income people.When he loses the election in November, he will simply walk away from the mess he has created for the rest of us just like he has done throughout his socalled business career.
Unfortunately, this is not the worst of his handiwork.He has sent nearly a thousand young men and women to their deaths and thousands of Iraqi civilians to their deaths too.
To simply call him the worst president in US history as Helen Thomas did, does not do justice to the human wreckage he has created.
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