So, if I understand this predicament, everyone wants the economy chugging along again. The American consumer and his spending drives the economy. Some folks still push the tired old trickle down argument that cutting taxes for millionaires and billionaires will stimulate the economy. Why? Because those millionaires and billionaires create jobs.
But then wasn't it consumer spending that drives the economy? Will those millionaires and billionaires spend their tax cuts and thus stimulate the economy? And those jobs the rich create, why haven't they created them in America instead of China?
If the consumer drives the economy, wouldn't putting as much money in the hands of the most people do the most good?
Are Conservatives convinced that if they kowtow to the rich, maybe they too can become rich? Why can't Conservatives admit what is so apparent? Consumer spending is what makes the economy go round. The flow of capital from one hand to another is what grows the economy. The rich can't possibly spend the way the middle class can. Why? Because there aren't as many rich as there are middle class consumers.
Cut deficits? Great! But just as cats can be skinned in many ways, deficits can be reduced by raising the tax rates on the rich to the same levels they were during the Clinton years (and we all remember how well the American economy was doing then) coupled with reducing spending all across the board. I'm looking at you, defense contractors!
Screw the rich. It's been all gravy for them since W and "Compassionate Conservatism" helped drive manufacturing out of America and into Asia.
