Well…have to clear a few things up this morning…you may have gotten the wrong idea from some of my previous posts that I’m just a run of the mill tax and spend liberal type…but that is not correct. I do believe that government has a role as referee between the people and the overwhelming force of the rich and business, but I don’t believe that the government is always right and always does the right thing. There have been many examples of pork on the right and left where politicians have used tax revenues as their own personal piggy bank and to reward the people and businesses in their districts. If these outlays are for the common good, then I can see where they are necessary but projects like the “bridge to nowhere” and increasing spending on the military industrial complex in the face of this deep recession is not something that should continue.
With that said, I need to get to the tax cut nonsense that is still being pushed by the right, in the face of all credible economic analysis telling us that these cuts did nothing to stimulate the economy in the years they were in place but cost us 700 billion dollars a year in revenue. One thing that the right will not tell you, or doesn’t want to emphasize in their attacks on the stimulus package is that a third of it was tax cuts…that’s over 250 billion dollars of tax cuts in the 860 billion package. In one breath they tell us that the stimulus failed and in the next they say that the only way to save jobs and grow the economy is more tax cuts that they just said don’t work. Is anyone else’s head about to explode with this blatant and cynical attempt to have if both ways? I know, I’ve talked about this before, but my ire was aroused by the new ads here in Michigan that keep repeating “the failed stimulus package” in attacks on the Dems here…while it is hard to prove prevention of the loss of jobs by the stimulus, it is not hard to look at the data and know that the rosiest projection of jobs created by tax cuts was under 1 million…over 8 years…compare that to the 22 million created when there was a sensible tax policy during the Clinton years.
Another tactic from the right that I want to deal with today is their method of calculating the cost of each job saved for the dollar outlay from the stimulus package; with those costs being estimated at wildly differing rates of 2 to 20 million dollars per job; but we know how bad the right is at math…they don’t believe in science so why should they believe in math? Well…that’s not quite fair, but lets look at the 3.7 trillion dollar total cost of the Bush tax cuts and compare it to the optimistic estimates of 1 million jobs added while the tax cuts were in force. Then, let’s compare that to the the 860 billion dollar cost and the generally agreed on number that there were 2.5 million jobs saved by the spending of the stimulus…don’t even have to be good at math to see that the tax cuts are a far more expensive way to create jobs…so, let’s end this nonsense once and for all…geez…