s.zs.o

2009-02-27

Cry Me a River

From Reuters ("Americans mixed on Obama budget, fret over deficit," Friday, February 27, 2009):

Wealthier professionals earning more than $250,000 dollars will have to pay higher taxes under the plan.

"I am so upset with his proposal," said Mark McNiel, 50, a telecommunications sales executive from Prairie Village, Kansas, who earns over $350,000 a year. [ed: emphasis added]

A telecommunications sales exec in Kansas? He probably works for Sprint-Nextel. In which case he's got bigger problems to worry about.

"You can not spend and tax your way into economic growth," he added.

Really? Hasn't consumer spending driven unprecedented growth in the U.S. economy over the past six decades?

I know conservatism is an attractive ideal, but we've just witnessed the Bush administration spend, deregulate, and de-tax their way to global economic collapse; why shouldn't we support President Obama try to spend and tax his way to economic recovery?