Give the wealthiest Americans a tax cut and history suggests they will save the money rather than spend it.
Tax cuts in 2001 and 2003 under President George W. Bush were followed by increases in the saving rate among the rich, according to data from Moody’s Analytics Inc. When taxes were raised under Bill Clinton, the saving rate fell.
The findings may weaken arguments by Republicans and some Democrats in Congress who say allowing the Bush-era tax cuts for the wealthiest Americans to lapse will prompt them to reduce their spending, harming the economy.
Rich Americans Save Tax Cuts Instead of Spending, Moody's Says - Bloomberg
The Bush tax cuts are still in effect. So, I don't know what you mean.They aren't getting benefits from the Obama tax cut any more.
Tax Cuts for the Middle Class equal Tax Cuts for Rich
Another Republican/conservative lie. The bail out of the auto industry saved many jobs. Jobs that would have added to the unemployment. The Stimulus also saved many jobs, as well as kept us from going into depression.Tax revenue is lower because of high unemployment, something Obama has done nothing to reduce and in fact has made it more expensive to hire.
While the ARRA did not achieve its initial goals, many, including President Obama, consider it a major success. It has been credited for the large change in GDP growth that occurred between the first quarter of 2009, when GDP declined at more than a 6% annualized rate, and the second quarter, when GDP was roughly unchanged. More broadly, the Administration and others argue that the ARRA has saved up to 2 million jobs and prevented an economic meltdown similar to the Great Depression.
Did Stimulus Create Any Jobs? - Forbes.com
How did I miss it? It was predicted and is considered a normal occurrence for mid-term. That your party got the house is admirable, but whether that is a good thing for the country is yet to be seen. People's votes are mostly a reaction to all the lies the Republicans have been spreading and continue to spread. They have found a way to gain votes and that is through lying and it seems to be working well. However, the truth is bound to come out sooner or later, and then what will your party have?We had an election Tuesday that you have missed when the American people spoke in historic fashion.
Perhaps you need to remove your tin-foil hat, it seems to be cutting the blood circulation and impairing your thinking. Reps/cons want Obama to fix in 2 years what took Bush 8 years to accomplish. Perhaps if Bush hadn't committed us to a useless war where we have wasted so much money, our economy wouldn't be in such bad shape. But, Reps/cons are so sure that now that they have gained control of the House, they are going to make everything rosy - I can hardly wait. Let's see how much of what they promised they are able to deliver.You probably ought to take the partisan hat off and figure out why there are 4 million more unemployed since Obama took office and on a month to month basis unemployment is higher this year than last year and it only cost the debt 3 trillion dollars.