drover, you make a valid point that the demand from the working class leads to increased production and the creation of jobs. I see the US at a technological crossroads in medicine, energy and defense. But job creation must first be spawned by incentives to businesses vs Obama’s plan to give out money. Once businesses are incentivized, then consumer demand can play a big part in sustaining growth. Which came first, the chicken or the egg? Either way, raising taxes won’t get the job done. And Obama plans on allowing the ‘01 and ‘03 tax cuts to expire so every family and business will get smacked with higher taxes. Can you say “The Great Depression Redeux?“
For the record, I am one conservative thinker that opposed to two tax rebates from the Bush administration. FDR did a much better job at stimulating the economy through public work programs. Although, the money still came from the government, at least we got something for it like dams, bridges and highways. I simply do not believe in the govt providing hand-outs…the govt should provide opportunities.
McCain-Palin ‘08 (long live Ronald Reagan)