Tuesday, September 28, 2010

HEY HOW'S THAT STIMULUS THINGIE GOING?

Census records released Tuesday show household incomes plunged for the second year in a row in 2009. Fewer families earned over $100,000 a year. The number of the poor rose also.

Who would have thought that giving trillions of dollars to governmental entities would not lower the number of poor people or allow more people other than Harry Light Rail Reid to make over $100,000 per year.

The Administration's economic policy is like the old story of crabs boiling in a pot. Every time one wants to escape, the others grab them and pull them back in. In America, every time you try to escape the middle class, the government pulls you back in either by taxing you or enforcing bad economic policy. If you are born rich, you can stay that way. If you are poor, you can get into the middle class. Otherwise, you have to become a politician or a prosperity preacher to make it.
Post a Comment