"Trickle-Across" Economics

[gulliver]

Bush gives tax cuts to the wealthy and corporations. I know an accountant who said that was OK, because the wealthy and corporations would use the money to create jobs.

Wrong.

They used the money to create jobs all right -- in Mexico, China, and India. That accountant's job is probably headed to India.

The last shred of reasoning behind Bush's tax cuts has now vanished in a cloud of outsourcing betrayal. The "job creators" got their tax cut, and we now see what they did with it.

[ComerPerro]

1. Well, that isn't all they did with it, to be fair

I think it is safe to say that many people who recieved a ton of money from the tax cuts gave $2,000 to the Bush campaign, who knows how much to other conservative groups, and used a good deal of the rest to buy up the stock market for pennies on the dollar.