PrintJuly 18, 2010
New York Times blames the rich for weak recovery
Why has the "recovery" stalled? As the New York Times headlines, "Wealthy Reduce Buying in a Blow to the Recovery."
Oh, the selfishness! Oh, the lack of patriotism!
The article further explains
"One of the reasons that the recovery has lost momentum is that high-end consumers have become more jittery and more cautious," said Mark Zandi, chief economist for Moody's Analytics.
Hmmm, wonder why they became "more jittery and more cautious"? Could it be because the rich, defined by President Barack Hussein Obama (D) as anyone having the nerve to earn over $250,000, will be subject to higher taxes when the President George W. Bush (R) tax cuts expire in less than six months?
But never fear, the liberals have a solution--make everyone suffer.
Sam Pizzigati, associate fellow at the Institute for Policy Studies, a left-leaning research center, cautions against simply boosting the spending power of the rich through tax cuts or other measures. "Otherwise, we find ourselves in an ‘Alice in Wonderland' world," he said, "and the solution to the hard times that the economy is going through is to help the people that are not going through hard times."
That's right, punish them for not acting like the government and spending their way out of the problem; if they don't do it the government will just have to step in, take their money and do it for them.
And the government will. Then just watch that "recovery" zoom.
