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The New THOMA$ REPORT on Tuesday, February 24, 2009 3:38:15 PM
"President Obama, a smart man [supposedly -RT], says that tax cuts for the wealthy are the main reason we're now in such economic trouble. Someone needs to tell him how utterly — and dangerously — wrong that is." (Investor’s Business Daily) There isn’t enough money in the hands of “the rich” to make that much difference. In any case, “the rich (those who are EARNING their riches, that is, not those like Teddy Kennedy, who is just “clipping coupons” on stocks his father and grandfather bought and left him) pay MOST of the taxes that are paid, already. Raising their taxes will destroy their INCENTIVE to invest in projects that will CREATE more taxable income, thus raising the “tax take.” Which will also create more jobs. Everything Obama has done, to date, has DESTROYED incentive, and jobs. The Democrat’s favorite “bad guys,” big business, are NOT the “culprit.” The Real culprit is the GOVERNMENT, which CREATED this "economic downturn" by making a law (Citizen’s Reinvestment Act of 1976) that FORCED lenders to make loans they KNEW could never be repaid, thus destroying the economy. Now they’re trying to blame the victims, the lenders, saying they made “risky loans.” They did, but only to obey the law and keep from being "investigated" by Janet Reno. (
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