If Tax Cuts don't help, why do they preach it then? An enlightening article....

[makeanoise]

(I looked for duplicates, did not find any, however, apologies if already out there)

http://politics.theatlantic.com/2009/09/closing_the_book_on_the_bush_legacy.php


CLOSING THE DOOR ON THE BUSH LEGACY



Bush built his economic strategy around tax cuts, passing large reductions both in 2001 and 2003. Congressional Republicans are insisting that a similar agenda focused on tax cuts offers better prospects of reviving the economy than President Obama's combination of some tax cuts with heavy government spending. But the bleak economic results from Bush's two terms, tarnish, to put it mildly, the idea that tax cuts represent an economic silver bullet...

Obama isn't replicating the Clinton economic strategy (which increased federal spending in areas like education and research much more modestly, and placed greater emphasis on deficit reduction-to the point of increasing taxes in his first term). Nor has anyone suggested that it would make sense to reprise that approach in today's conditions. But at the least, the wretched two-term record compiled by the younger Bush on income, poverty and access to health care should compel Republicans to answer a straightforward question: if tax cuts are truly the best means to stimulate broadly shared prosperity, why did the Bush years yield such disastrous results for American families on these core measures of economic well being?

[Chulanowa]

1. Why? Oh well, that's easy

Tax cuts for the wealthy means the wealthy have more money, and less money going into government hinders the poor, who, in the absence of publicly-funded services, haveto turn to the private sector - which means more money going to the wealthy.

Meanwhile the wealthy are investing their money into overseas markets such as China, Russia, and south Korea, where this system is even more grossly inflated. it's not trickle-down, it's out-and-out plundering.

[makeanoise]

2. good explanation

agreed...but some of them truly believe that it's the answer to every economic problem, and it's not...it hardly ever is....

[Chulanowa]

3. Well, that's because only the top 5% "count"

Conservatives measure the economy by the state of affairs for major companies, not by hte population as a whole. So long as big business is looking good and CEO's are coming home every night with bulging wallets, the economy is doing fine!

[Zoeisright]

6. Not to mention that the wealthy give Repukes more money.

So they're basically robbing the Treasury through tax cuts. Money laundering.

[louis-t]

4. Because mentally disturbed people

running a country based on 'ideology' equals lousy results.

[applegrove]

5. Because it wasn't meant to benefit the vast majority of the country. It is all a sham.

It was meant to benefit the wealthy. And it succeeded till the bubble burst. Still the wealthy did very well under Bush.

[elleng]

7. WHY? Simple!

SOUNDS GOOD! and thats all they care about.