"Seattle's Socialist City Councilor Offers Radical Response to Obama Speech"

[RC]

254. You apparently don't understand economics very well.

The Republican tax cuts were designed to cause a financial shortage for the Federal Government. meaning less money for the safety net programs and less money flowing back to the states for whatever purpose. That was the intended design. And it did just that.
The Republican tax cuts for the lower income people were not really that much to begin with. Mine at the time was somewhere around $300 a year. We got it back in a lump sum and were suppose to pay taxes on that money again, even though we had already paid it in as taxes in the first place! How was that a tax cut? It hardly made a dent for me at the time. My "tax cut" was only that big because I had two dependents at the time. Otherwise it would have been much less.

What those in need received in welfare, food stamps, whatever, far exceeded whatever their tax cut was. These Republican tax cuts were use as an excuse to cut holes in the safety nets and lower the money available for the safety nets. That is when people started hurting. If you are barely making enough to pay taxes in the first place, what good is a tax cut? You are depending on the Safety Nets that they cut the funding for because of those Republican tax cuts. Tax cuts which many couldn't take advantage of, because they were not making enough to pay much, if any taxes for in the first place!

The design of the Republican tax cuts and the attached propaganda was such as to cause a recession, but they did too good of a job. The crash was supposed to happen AFTER the next President was in office. Look at who the Republicans ran. The Geezer and the Moose Hunter. The Republicans, by their own design, were supposed to lose that presidential election. Obama and the Democrats were to get the blame for the crash and resulting recession. However the crash happened while bu$h was still in office, which threw a monkey wrench into their plans.

Obama should have let the Republican tax cuts expire. He did not - TWICE! We would have been well on the road to recovery now, instead of being in the slowest economic recovery in our history. Wall Street recovered nicely, Main Street is still struggling.
The government could have used that money to jump start Main Street (read the economy), instead of bailing out the moneyed Wall Street brokers. Also the Government could have use that tax money to fund the Safety Net programs, but instead Congress further cut those Safety Net programs, citing a lack of money. A lack of money caused by continuing the tax cuts of those most able to pay taxes in the first place - The well to do.