Thursday, July 29, 2004
Gotta love this trickle-down economy
Recent IRS data shows that American's incomes fell for a second consecutive year. That has never happened under our current tax system which dates back to WWII. The last year in which American's incomes fell at all was 1953.
American's incomes dropped $350 b-i-l-l-i-o-n from where it was last year. Job losses are blamed for much of the loss.
Someone please correct me if I'm wrong here... But, didn't President Bush promise that his first tax cut would produce a bunch of new jobs? And didn't President Bush promise that his second tax cut would produce a bunch of jobs? So, where are they? The stock market is doing fairly well. Those who can afford to play the stock market are doing okay. So when is it supposed to trickle down to the rest of us?
Inquiring (and voting) minds want to know...
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American's incomes dropped $350 b-i-l-l-i-o-n from where it was last year. Job losses are blamed for much of the loss.
Someone please correct me if I'm wrong here... But, didn't President Bush promise that his first tax cut would produce a bunch of new jobs? And didn't President Bush promise that his second tax cut would produce a bunch of jobs? So, where are they? The stock market is doing fairly well. Those who can afford to play the stock market are doing okay. So when is it supposed to trickle down to the rest of us?
Inquiring (and voting) minds want to know...
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