http://www.yubanet.com/artman/publish/article_14227.shtmlSNIP..."Despite the president's claim that his tax cuts increased consumer spending, we now know that a big chunk of the money went to people who make over $1 million per year. That does not help consumer spending,
because it has no effect on consumers who already had enough money to buy what they wanted anyway. During the Bush administration, consumer spending has sputtered, and in order to cut cost, companies have moved jobs to countries where wages are between 50 cents and $2.50 per hour. That's why we are seeing job losses, especially in America's manufacturing states like Michigan and Ohio."
SNIP.."President Bush's tax cuts of three years ago hurt the economy in the long run.
Politicians in this country have often promised tax cuts without telling Americans what that means for local property taxes, local school quality, and health care costs. Even our soldiers felt the negative consequences of this tax cut. They were under-equipped when they went to Iraq, and the administration sent 50,000 fewer troops than the Pentagon recommend."SNIP..." Earlier this year, the Labor Department
reported that 32,000 net new jobs were created in July. Little did people notice that during that month, 32,000 new government jobs were created. If it weren't for new government jobs being created, the job numbers would have been worse."