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Tuesday, August 24, 2010

Minority Leader Boehner's House plan is elitist



First Boehner discusses firing the Obama economic team which isn't his call.

Oh, then  there are the Bush tax cuts that he wants to continue.

One CNN poll showed that a whopping 69 percent said the tax breaks for individuals making over $200,000 – and families making over $250,000 – annually should expire at the end of this year. See http://rightardia.blogspot.com/2010/08/cnn-overwhleming-majority-of-americans.html.

Rightardia has pointed out that tax cuts for the affluent won't help the economy because the imbalance of income of wealth between the middle calls and the affluent is at near record heights. Business men are finally realizing that top tier tax breaks won't benefits them if they don't have a stong middle class customer base.

Essentially supply side economics are elitist and irrelevant. The immediate effect of supply side economics is too concentrate income and wealth at the top which weakens the middle class.

The Republican plan that Boehner is advocating will prolong the Great Recession. 

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