Gee, Mr. President How Do We Fix...

... "Tax cuts for the rich! Yippee!" -paraphrase of Dubbya's entire economic policy.

So it's no surprise. Anyone with an I.Q. greater than 12 who actually thought about the GW Bush tax cuts already knows that the only thing it really helps is the rich to get richer. The article pisses me off. Why does anyone like this president?

Probably the more frustrating thing is the economist who says the cuts should be permanent because they stimulate job growth by encouraging more investment. I may have said this before but it bears repeating: WE DON'T NEED TO ENCOURAGE INVESTMENT IN THE STOCK MARKET. (Damn caps lock key.)

The stock market does a fine job of encouraging investment by being, year in year out, the best place to invest. Period. (Edit: well, aside from real estate, which requires even more money and is where extra tax breaks to the ultra rich likely end up anyway, not the stock market.) A better way to bolster the stock market may be to strengthen the companies by encouraging spending which will increase demand stimulating stocks and encouraging growth and employment (of course the increases in employment will likey be in India). So where does the government get the most spending increase per tax cut dollar??? That's right, from the poorer and middle classes. People who don't have extra money to invest, won't take their tax refund and pour it into the stock market, they will use it to make purchases. This stimulates an economy. Pouring more money into a stock market full of companies who are not increasing revenue stimulates market crashes when people pull their heads out of their asses and realize how overvalued things have been and that they were investing because they had the money, not because there were good investments.

Giving more money back to poorer individuals and families will always do good for the economy. It is also a much cheaper proposition. Of course some of those might start getting ideas in their heads and this nation may see the rise of a large group of people who demand a living wage, and that could even lead to a lessening of the gap between the rich and poor, which is now greater in the US than in was in Britan in the 18th century. Wait, wait, nevermind, that last thing will never happen.