W is back and he is still a fool.
Did you see it? Did you see the snippets of his speech made yesterday shown on the MSNBC shows last night?
Still talking that crap about his tax cuts, although he wishes they weren't called the "Bush tax cuts." Still talking that crap about "job creators" -- oh no, you don't raise taxes on them. Still ignoring the facts, the simple facts, like the statistics that prove that his tax cuts did not create jobs.
Here's the thing, a surplus is not a surplus when there is a national debt. There was no excess income available to cut taxes. There was no excess money to give back. That money should have been used to pay down the national debt, thus cutting the amount of interest on the debt and restoring financial stability. Financial stability and consumer confidence would have spurred consumer spending, which would have increased product demand and those "job creators" would have had reason to invest in their businesses and employees to keep up with demand. Instead, wages stagnated resulting in consumers having less expendable income. An economy cannot grow when wages are stagnant. That seems like a simple concept to understand.
However, I am not an economist. Perhaps someone here can set me straight. Am I wrong?
= new reply since forum marked as read
beating him on a mountain bike?
