Wednesday, October 22, 2008

The Real Impact of the So-Called "Bush Tax Cuts for the Rich"

The chart below is a brief analysis of the economic impact of the so-called Bush tax cuts for the rich.

The Dow Historical Chart from 2000 to 2008

Dow Chart from 2000



The red line is the Dot Com bust, with post Enron and 9/11 economic impact. The black line is the Bush tax cuts. The recent financial crisis alerted Main St. to the fact that their 401k, mutual funds and other retirement accounts are directly linked to Wall St. Democrats, in their calls to tax the rich, continually fail to understand that taxes have a negative effect on the market, and consequently, on the 401k's, and other retirement accounts. They, instead, look to the socialist economic policies of Europe. The ones that bankrupted the pension funds of workers, and ushered in state sanctioned murder (euthanasia) for burdens on their universial(1) health care system.


(1) If you are deemed terminal - you will be terminated not treated. Further, this extends to the mentally ill, the depressed, and retarded children. In Europe, to reduce health care cost, they have begun rationing health care and killing those who are terminally* ill. A special medical commit has been convined to ensure that the killing are meet state standards. [Reference: euthanasia in the Netherlands and Germany]


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