?
2011-08-20 13:51:49 UTC
Is there anybody left out there who still doesn’t understand
that the Republican Party exists to support the upper class?
Republicans refuse to reduce subsidies for big oil companies.
Republican GW Bush issued tax cuts for the wealthy;
Republicans blocked ending those tax cuts last year by
threatening to block the unemployment insurance extension
if Obama had indeed killed the tax cuts for the rich.
Republican Paul Ryan suggested, under pressure, to “get rid
of tax loopholes in order to clean up the tax code” but that the
tax rate for the rich would have to be lowered in order to “make
up for the loss of these loopholes.”
B
Notes to the naïve.
Voiding subsidies for oil companies shall not
increase the price of oil. They always charge as much as they
feel they can get regardless of the existence of subsidies. The
subsidies are just the icing on the cake.
Putting more money in the pockets of the rich doesn’t create more
jobs out-of-nowhere. The proof; American company profitability
has been rising steadily over the past three years as demonstrated
by the rise in the DOW index. However, unemployment has remained
rather steady. So the act of putting more money into employer pockets
does not insure job creation.