Friday, September 10, 2010

Bush tax cuts coming to an end...

Finally, one of his screw ups will go by the wayside, or will it?

Some of Bush's major tax cuts (to the rich) will expire soon, which is a good thing, but the sting we all felt in our economy will take some time to correct.

So many Republicans I know think that this laissez-faire type of government (Under both Bush and his father, and Reagan) is a good thing, yet they also enjoy the roads, schools and vast knowledge base that the U.S. holds, among other things, I guess they think all of that is free.

Reaganomics and "Trickle-Down Economics" don't work.  Giving tax cuts to the rich in hopes that funds will eventually reach the middle-class and the poor doesn't work, no matter what spin you put on the idea.   When the rich make more money, the rich save more money, look at our economy now.  Companies like AIG were circling the drain, yet their high level management were spending thousands and thousands of dollars on cruises and spa trips all the while taking million dollar bonuses, while the rest of us got stuck with the bill.

It is a proven fact, that as our country has changed over the last 250 years, that also the government has needed to change, and when that was allowed to happen, this nation flourished.  On the occasions where the laissez-faire rhetoric was loudest, and the government did not have the support of the people, we had The Great Depression, our most current recession, among several other market crashes.

One thing that all of the richest nations in the world have in common, is heavy involvement of their respective governments.  Trickle down economics do not work.  Placing more money in the hands of the rich, does nothing for the poor.

Some of the things our government has provided for us despite the laissez-faire rhetoric are as follows, Social Security, workers compensation, state colleges, minimum wage, public schools (free education), advances in medicine (longer life-span) and our military, just to name a few.  Are there any of these things you think we can do without?

Obama takes a lot of heat as he's accused of being a socialist for "redistributing the wealth".  What he is doing is not much different than his predecessors, except Bush took our (the middle class) wealth and spread it upwards, like we have extra money in our pockets to give to the rich.

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