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Location: Pantego, Texas, United States

Sunday, August 26, 2007

Here is a piece from julescrittenden.com that I think pretty well sizes up the economic situation in America, and it is all President Bush's fault!

Bush is making the economy too good

Cross-posted at Don Surber.

“But questions remain about how long the West can weather the problems that come with low unemployment.” — Matt Gouras of the Associated Press.

Damn that George Bush. He is making things too good for the American people.

Having the economy do well dries up the available labor pool. That increases wages. Increased wages mean incomes rise. Rising incomes will push income of the 46% of Americans who pay no federal income taxes (but they do pay FICA). Many of those in that taxless 46% will see their incomes rise to where they will have to pay federal income taxes — thus paying for that Tax Cut For The Rich.

That’s the evil plan: Make America prosperous to pay for those Tax Cuts For The Rich.

But have no fear, America. The Democratic Party will raise taxes on the rich to pay for all those social service programs such as unemployment compensation that we will need again, once Hillary Clinton is president.

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