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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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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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Yes, government spending, but a better characterization is.. by Mark Watterson on Saturday, Jan 10, 2009 at 9:28:09 AM
Mr. Watterston: by John Sanchez Jr. on Saturday, Jan 10, 2009 at 6:06:26 PM
Yes, the domestic enemies of a free people are numerous and by Mark Watterson on Saturday, Jan 10, 2009 at 8:02:08 PM
Like most who misread history... by John Sanchez Jr. on Sunday, Jan 11, 2009 at 8:05:14 AM
many seem to misread history... by William Whitten on Sunday, Jan 11, 2009 at 9:08:43 AM
See William Whitten. by Mark Watterson on Sunday, Jan 11, 2009 at 10:13:59 AM
Mr. Whitten's comment is a canard... by John Sanchez Jr. on Sunday, Jan 11, 2009 at 1:48:25 PM
Taxes versus Resource Rent by David Kendall on Saturday, Jan 17, 2009 at 3:56:25 PM
What we need by Jack Harrington on Saturday, Jan 10, 2009 at 11:05:23 AM
There will be consumption in any economy... by John Sanchez Jr. on Sunday, Jan 11, 2009 at 8:17:07 AM
Hi John by Jack Harrington on Sunday, Jan 11, 2009 at 12:04:22 PM
A Couple of Alternatives by Mark Goldes on Saturday, Jan 10, 2009 at 11:12:45 AM
A Couple of Alternatives by Mark Goldes on Saturday, Jan 10, 2009 at 11:13:49 AM
mr. watterson is an idiot by liberalsrock on Saturday, Jan 10, 2009 at 12:10:12 PM
Economic Democracy by David Kendall on Saturday, Jan 10, 2009 at 12:44:04 PM
"liberalsrock" must be the other user name for kpominville: by Mark Watterson on Saturday, Jan 10, 2009 at 12:57:20 PM
Socialist Group personality # 3 speaks (David Kendall): by Mark Watterson on Saturday, Jan 10, 2009 at 1:36:16 PM
Economic Democracy by David Kendall on Saturday, Jan 17, 2009 at 4:29:11 PM
'Tarjetas de Credito' (Spanish for credit cards) by STEVE RISK on Sunday, Jan 11, 2009 at 1:22:53 AM
Phobia of Socialism by kpominville on Sunday, Jan 11, 2009 at 1:43:58 AM
Social phobia by David Kendall on Monday, Jan 12, 2009 at 6:31:11 PM
Hmmm... by William Whitten on Sunday, Jan 11, 2009 at 9:20:41 AM
!!!!! by William Whitten on Sunday, Jan 11, 2009 at 9:25:07 AM
Social Welfare by STEVE RISK on Monday, Jan 12, 2009 at 1:18:54 AM