So, I find myself in the odd position of agreeing with Nancy Pelosi. She wants the Bush tax cuts for rich people rescinded immediately. Barack Obama? Not so much.
Over in the Senate, though, Democrats don’t like the new tax cuts that Obama is proposing for the less than wealthy. Hate to say it, but I kind of agree with them, too. Giving me an extra $10 a week isn’t gonna do diddly for the economy (that barely covers a six-pack of my current favorite beer, after bottle deposit and sales tax).
I say, restore the pre-Bush tax rates for rich people, and use that money (and more) to put people to work (fixing roads, bridges, and schools, building parks, creating a world-class rail system, etc.), develop alternative energy sources, create single-payer healthcare, whatever.
Putting people to work at decent pay with decent benefits will stimulate the economy a hell of a lot more than an extra six-pack in my fridge (and have the added benefit of fixing all the shit that’s falling apart). Get us off non-Western Hemisphere oil (for starters) and provide affordable healthcare for everybody, and so much the better.
But, I doubt much of that will happen. Oh well, at least it’s Friday.