The tax cuts and supply side economics of the past 30 years have actually destroyed the economy. Furthermore, tax cuts don’t create jobs. They never have. Certainly tax cuts for anyone making over the median income don’t create any jobs. This lie is straight out of Reagan – Stockman – Norquist. “Tax cuts create jobs.” They don’t! Keynesian economics does not believe that tax cuts create jobs either, though it does advocate tax cuts for those below the median income (at the moment, $32,000 for an individual) during poor economic times. Taxes should then be raised during good times, when the state does not need to run a deficit. It’s certainly not the case that Keynesian economics believes tax cuts = jobs. Barack Obama is on TV lately saying over and over that this massive tax cut bill will create jobs. It won’t. Actually, it will make the economy even worse. Bush’s tax cuts have been in effect for 9 years now. They have created -9 million jobs. They have created on average -1 million jobs for every year they have been in effect. I assume they will create -2 million jobs over the next two years if the past is any guide. Since the Bush tax cuts haven’t created any jobs and have apparently ruined the economy, how is extending them for 2 years, even for the middle class, going to create even one job? Someone answer me this? Barack also stood up in front of corporate executives at his Corporate Summit the other day and said that the tax cuts will create many new jobs. That was after this wimpy Black man got up off his knees after sucking all those rich White men off. Barack Obama is the White man’s bitch. How could any Black person be proud of him? Obama also called tax cuts “tax relief.” That’s the language of the enemy. That’s Reagan – Grover Norquist language. You can’t win by using the enemy’s language. The purpose of the tax cuts, ever since the first ones under Ronald Reagan, was to “starve the beast,” in David Stockman’s words, to deprive government of funding, and deliberately create a debt and deficit crisis. This spending shortfall would then be used to gut government spending, or to “get government so small you can drown it in a bathtub,” in the words of Grover Norquist. By following the mad tax cut mantra, Bush 1, Clinton, Bush 2 and now Obama have proven that they are all following in the footsteps of Reagan, Norquist and Stockman to starve the beast and get it so small you can drown it in a bathtub. So Clinton and Obama are actually Reaganites, as every President since 1980 has been a Reaganite. Barack Obama is the enemy.
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