Investment Is Not the Answer

Would you start a business if you knew you would not have customers?

Would you borrow money if you knew you could not pay it back?

We learned from the reporting about the credit crisis that many businesses rely on borrowing to pay their bills. The bailout will reopen the spigot so they can borrow again.

How do they pay back their loans?

You and I and every Joe 6 Pack need money to buy from businesses and to pay our mortgages. Our incomes have been stagnant for at least seven years.

We don’t need tax cuts “to stimulate investment.” We need tax changes to stimulate consumption.

The rich don’t need more money. Everyone else does.

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