June 07, 2011
10 candles for a bad idea
Today marks the 10th anniversary of, if not the Mother, then at least the Second Cousin of All Bad Ideas, to wit the Bush tax cuts. As deficit mania drives the political herd in Washington, people around the country are taking time today to state the obvious: it's time to end the cuts for the wealthiest Americans.
In El Cabrero's beloved state of West Virginia, some of us will be gathering at the Robert C. Byrd Federal Courthouse in Charleston at 5:00 pm today to hold a mock Rally for the Really Rich and Bake Sale for Medicare and Medicaid.
The Bush tax cuts were supposed to pay for themselves. That explains the huge surplus we don't have. They were supposed to promote economic growth and prosperity. That explains that the Great Recession didn't really happen--what a relief. And they were supposed to create jobs. That explains why the unemployment rate today is twice what it was when they were first enacted.
FOR MORE ON THAT, click here.
HAPPIEST LANDS. The US didn't make the list.
UNHAPPY ECONOMIC MUSINGS here.
REMEMBER THE GOOD OLD DAYS when watching the Weather Channel was boring?
GOAT ROPE ADVISORY LEVEL: ELEVATED