Quote Originally Posted by GMichael
The CEO's of the nation will still make a good chunk of change. It's the hard working average Joe who will be out of luck.
It's the poor and humble working man who always suffer first, most, and longest in an economic down turn, (though they were not the ones to blame).

The role of the working man is spend, spend, spend. In this regard the working and middle class have done their damnedest for the U.S. (and Canadian) ecomony. With occassional explicit encouragement by our governments to support the economy, we have typically burdened ourselvers into crushing debt to sustain our live styles despite falling real earnings. This phenomenon has sustained the economy so far but has probably reached its limit.

Whatever the political expediency for Obama, I'm not in favor of tax cuts as the primary means of stimulation. That's an awful lot of people will use the cash to pay down debt or add to personal saving rather than spend on stuff. Spending money to building new infrastructure and greener production is much the better strategy under severe circumstance like the present.