If unemployment was low under Dubya, it is certainly not low now under Obama yet the taxes on the upper crust remain the same as under Dubya adfter his cuts. I am happy to blame Obama if that is what you are driving at. I am a bit of an agnostic on the claim that shaving upper bracket tax rates automatically creates jobs.
OK, you’ve been around for a long time, so I don’t know how you don’t know this stuff.
1) It’s not Obama in particular I blame, it’s the democrat party in congress who has been stifling the economy with one regulatory nightmare after another since taking power in 2006. Probably starting with the energy bill. From 07 to 08 we kept warning and warning, this will kill jobs and the democrat response was essentially, shut up, you lie, you’re a racist.
2) When we talk about tax rates impacting jobs, yes we are talking about upper crust too, but we’re largely talking about sole proprietorships who have to claim all of their revenue as income. Those are the folks who can’t afford to hire, to expand, to even enter business because of the current tax and regulatory schemes.
So, how do you see higher taxes and government spending as being able to boost the economy? Please point out to a time in history when the government has spent us out of a recession. And how do you propose to determine who most deserves to get the largesse? How do you keep it from being funneled into the pockets of ‘bamas buddies, like it is now?