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Why Obama's Tax Cut Plan Will Not Work

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View Ratings | Rate It Headlined to H2 1/10/09

Author 3631
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What we really need is a massive jobs creation program. That would drive wages up and restore consumer demand.

What Obama needs to do is start a huge, comprehensive jobs creation program like the New Deal that would include government works projects, rolling back the Reagan and Bush tax cuts for the rich and getting out of "free trade" agreements with poor nations that only undercut our own workforce.

Opponents of this plan will cry "but that is governmentspending!" Well, I have a question for them. What the hell do you call $2 Trillion in corporate bailouts besides government spending?

We already have massive government spending. All I am saying is that we should be spending that money on the right things that will help our entire economy for the long term instead of just giving handouts and corporate welfare to millionaires and billionaires.

Tax cuts only made things worse in 1929 when Hoover tried it and they will not work now.
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I am a classic Gen x'er with a short attention span, high intelligence, low motivation and an overabundance of cynicism that the world just keeps re-justifying. At various points in my life I have been a Journalist, a Personal Trainer, a D.J., a (more...)

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