Even my econ students know this economy is in what's called the Keynesian Liquidity Trap and that monetary policy isn't going to help...at all. The two fiscal policy tools are taxes and spending. To get out of the Trap given our current situation, the only way out is to cut taxes. But, the idiots in Washington see the economy as a fixed-size pie and the only way to help the lower income people is to take it away from the upper income people. They have no clue what "A rising tide lifts all boats" means. Instead, they chant: "The rich need to pay their fair share!"
I agree.
The top 10% of the income earners in this country foot almost 70% of federal tax receipts. They deserve a HUGE tax cut. Say what they will, after 45 years in the labor force, not once did a poor person give me a job. Obozo needs to drop the class warfare and concentrate on economic growth, not reelection.
When liberal twits started getting challenged to define “fair share” or how much is enough, they dissembled and mumbled and never gave a clear answer.