Thursday, February 28, 2008

You Can't Be Serious

Barack Obama is now blaming the slowing economy on the Bush Tax Cuts. 

No serious student of economics ... on the right or left ... would possibly make such a claim. The tax cuts came at a time when the economy had slowly sunk into a recession and is generally credited for softening the recession and helping spur a surge in investment that has led to the creation of millions of jobs and record ROE on Wall Street, where by the way, jobs are financed, not Washington. To once again consider raising taxes when we are standing on the brink of recession ... and then targeting upper incomes in particular when these are the very people that invest capital that is then turned into jobs is either amazingly stupid (which Obama is not) or more trolling for votes by playing the "Two Americas" card.