Would someone please explain to our president that cutting taxes during times of economic hardship does nothing to stimulate the economy? I understand the idea. Cut taxes and people have more money. If people have more money, they'll spend it thereby stimulating the economy. The problem is, this only works when the economy is good to begin with. When the economy is bad and people are hurting for money any extra gets put in the bank and it stays there until there are bills that need to be paid. How is it that I, who learned everything I know about economics from a comic book I got on a field trip to the New York federal reserve when I was 9 understand this, but our president with his gaggle of advisors doesn't?
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