This morning, I’m reading that John McCain is promising to heal the economy by having more tax cuts. I’m trying to remember the name of another politician who has made the same promise, saying that cutting taxes will give us a vibrant, booming economy… ooh, it’s on the tip of my tongue… who was it now?
Oh, yes, that’s right. It was George W. Bush.
George W. Bush gave us huge debts, gathering interest, by pushing tax cuts through Congress. He said that government revenues would increase, and businesses would pay workers more money, and that we would all be thanking him for his wise economic leadership.
That didn’t work out so well, did it? Is your life a whole lot better now, thanks to those tax cuts? Chances are that you aren’t better off.
Now John McCain says he wants to do more of the same. McCain wants to use the George W. Bush plan to give us a strong economy.
I don’t get it. Taxes aren’t the cause of the economic crisis, so how is cutting taxes going to solve the problem and get the country back on solid economic footing?