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Friday, January 25, 2008
Economy tanking? No problem. Screw the poor again
By VictorM:Well, well, well, looks like the failed trickle-down economics so favored by Republicans has reared its ugly head again. Not that some didn't see it coming, but the current administration and their minions can no longer use smoke and mirrors to hide it. That, my friends, should tell you how bad things really are.
So now, a stimulus package has been hurried together to try to stop the inevitable -- a recession. And are we about to do this the right way? Heck, why break the string of miserable decisions now? Of course this too will be mishandled. Kevin Drum tells us why:
Basically, Republicans insisted that all aspects of the plan had to take the form of "income tax rebates," which automatically excludes the poor and favors the well off. It also does a lousy job of stimulating the economy, but who cares about that? Pelosi managed to improve things a bit, but as long as George Bush is in office we still have to make our ritual obeisances to voodoo economics.
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