Who really benefited from the Bush tax cuts?

Oh. That's who. I shoulda known.

We should now be pushing the argument as to how this has affected the economy not simply as to who it REALLY helped though.

pal

By the way since you can't hear a person's tone over a forumn I should point out that the "pal" thing is what I call people when I'm speaking warmly to them NOT in the smart ass way.

That being said to make the long story short it has created a decrease in the purchasing power of the middle class and lower which of course constitutes the majority of Americans. Even the upper middle class has taken the bite. Then because of the deficit (due to our two wars and the refusal to repeal tax cuts to pay for them and necessities), those taxes that the richest would normally be paying aren't being used to help finance the deficit. Therefore we take it out on the middle class in the form of inflation which creates a weak dollar which leads to higher prices. The rich doesn't get affected by higher prices. A millionare isn't going to say "damn Mickey D's raised their price of a big mac by a dollar. I must brown bag it now to work."

But to the rest of us price increases do reshape our lives a little I'd say.

You got a weak dollar combined with inflation which means prices go up and this affects those who watch their money (virtually anyone who is not in the "rich" category) When your dollar is weak it requires of dollars to fulfill it's original purchasing power. This is why gas is now more expensive due to the fact that the deficits and the tax cuts for the rich have led to a weak dollar meaning more dollars are needed to purchase crude oil.

It gets much more complicated than this but you get the idea. We're not even getting into the social programs that many middle class people depended on that got cut (after school programs ect)