"The Nakedness of Their Greed" by Richard Eskow at the Huffington Post

The Nakedness of Their Greed

by Richard Eskow at the Huffington Post

http://www.huffingtonpost.com/rj-eskow/-the-nakedness-of-their-g_b_1708459.html

"SNIP...............................

Okay. So we know that the entire "stimulus spending through the tax code" argument is a phony, a fake, a rhetorical dodge that's an insult to voters' intelligence. We also know that justification for it has repeatedly been disproven, in the most ruthless and accurate court of economic judgment known to humanity: reality.

You don't neede a lot of econometric modeling to prove it, either All it takes is one simple question: We've had these cuts for ten years, so where are the jobs?

Joshua Picker notes that "during the economic cycle that began in March 2001 and ended in December of 2007 --which almost exactly coincides with the Bush presidency and the implementation of the Bush tax cuts ... registered the weakest jobs and income growth in the post-war period."

Tax cuts on the wealthy didn't create any jobs -- not before the financial crisis brought on by deregulation, and certainly not since. The Republicans, like the Democrats, are proposing "stimulus spending through the tax code." They're just proposing the kind that doesn't work.

..................................SNIP"