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Why Obama's Tax Cut Plan Will Not Work

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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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http://thesarcasticcynic.blogspot.com/

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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SOCIALISM!!!  What a LUDICROUS opinion (most ... by Mark Watterson on Saturday, Jan 10, 2009 at 9:28:09 AM
It's time to curl up with a good history book ... by John Sanchez Jr. on Saturday, Jan 10, 2009 at 6:06:26 PM
certainly include the bankers. How much of our wea... by Mark Watterson on Saturday, Jan 10, 2009 at 8:02:08 PM
you seem to assume that the revolutionary watchwor... by John Sanchez Jr. on Sunday, Jan 11, 2009 at 8:05:14 AM
"you seem to assume that the revolutionary wa... by William Whitten on Sunday, Jan 11, 2009 at 9:08:43 AM
Perhaps he will be kind enough to tutor you on the... by Mark Watterson on Sunday, Jan 11, 2009 at 10:13:59 AM
dealing with matters unrelated to what I had poste... by John Sanchez Jr. on Sunday, Jan 11, 2009 at 1:48:25 PM
You make some interesting points, Mr. Watterson. H... by David Kendall on Saturday, Jan 17, 2009 at 3:56:25 PM
is not the type of consumer demand noted in the OP... by Jack Harrington on Saturday, Jan 10, 2009 at 11:05:23 AM
no matter how basic. What we need perhaps is an ol... by John Sanchez Jr. on Sunday, Jan 11, 2009 at 8:17:07 AM
I am not denying that consumerism will occur in an... by Jack Harrington on Sunday, Jan 11, 2009 at 12:04:22 PM
Revolutionary energy technology - coupled with an ... by Mark Goldes on Saturday, Jan 10, 2009 at 11:12:45 AM
Revolutionary energy technology - coupled with an ... by Mark Goldes on Saturday, Jan 10, 2009 at 11:13:49 AM
first i would like to say Mr. watterson is an idio... by liberalsrock on Saturday, Jan 10, 2009 at 12:10:12 PM
  My what a delightful chap you must be, Mr. ... by David Kendall on Saturday, Jan 10, 2009 at 12:44:04 PM
Glad to see I hit a nerve. That usually happens wh... by Mark Watterson on Saturday, Jan 10, 2009 at 12:57:20 PM
These socialist propaganda pieces are so easy to s... by Mark Watterson on Saturday, Jan 10, 2009 at 1:36:16 PM
There's no need to take "Economic Democra... by David Kendall on Saturday, Jan 17, 2009 at 4:29:11 PM
When Uncle Sam's overscrutiny helps to yank on... by STEVE RISK on Sunday, Jan 11, 2009 at 1:22:53 AM
Contrary to Mr. Watterson's hysteria, there is... by kpominville on Sunday, Jan 11, 2009 at 1:43:58 AM
Ditto. Moreover, who says a human society of Peopl... by David Kendall on Monday, Jan 12, 2009 at 6:31:11 PM
In this whole "discussion" I haven't... by William Whitten on Sunday, Jan 11, 2009 at 9:20:41 AM
Nor do any of you understand what "socialism&... by William Whitten on Sunday, Jan 11, 2009 at 9:25:07 AM
It feels so good to be right, I guess. But, social... by STEVE RISK on Monday, Jan 12, 2009 at 1:18:54 AM