The House of Representatives passed the tax cut package last night for the president to sign. I guess he’s real happy right now. Once he signs the bill the tax cuts for the rich will be extended for two years. I would be more optimistic if this same strategy had worked the past ten years it was in place. I would also not be so disappointed in President Obama right now if he wouldn’t have campaigned against these same tax cuts during his campaign. In fact he campaigned so hard against them that even if making this deal made sense from a political standpoint it still looks like he caved in. The first President Bush had the same problem after raising taxes despite having that video clip of him saying “Read my lips, no new taxes!” He did the sensible thing at the time and raised taxes when he had to but he never recovered from it. I hope going back on a campaign promise doesn't come back to haunt President Obama like that.
Since our economic policy is basically staying the same as it was the past ten years I think it’s time to talk about the rich and their responsibilities to the country. I grew up in a family without a lot of money. I never heard anyone sitting around talking bad about rich people. The truth is that people without money are much more hated than the rich. A lot of Americans seem to have a problem with the single mother in the grocery store paying for her overflowing basket of food with her food stamps or living on a housing subsidy. We think she’s getting over on hard working people even though she’s probably working too and has to make her life an open book just to live in a neighborhood where here children get a sub par education and are vulnerable to crime and violence. They feel she’s bringing down the country by getting just enough help to live in a neighborhood that most people won’t even drive through.
Rich people are different. Despite the fact that a formerly rich bastard like Bernie Madoff can ruin thousands of people’s lives by taking their money, we don’t really care what they do. We just assume it must be good for the country because they have a lot of money and we hope to have a lot of money one day too . Over the last year we have been listening to politicians tell us that we had give the rich and powerful as many breaks and benefits as possible so they would feel good enough about their own situation to hire the rest of us and bring unemployment down. If that’s true and they now have an extension on their tax cuts, the question becomes how long do we give them to actually invest in America and start hiring Americans before we get angry and question their patriotism the way we do the poor?
The fact is we are borrowing money from other countries to pay for these tax cuts. According to the conservative ads that ran for the past two years there is nothing worse than leaving all this debt behind for our children and grandchildren to pay for. I heard this every day before the midterm elections. That was the line when it came to helping average people. If we are willing to live with such horrible debt for the tax cuts to continue then how long do we give those that control wealth to reinvest in the people whose family will be paying the bill? If the rich are making and keeping all of this money and we are not going to demand that they do anything, then we might as well let them run the country and we can stop voting because it won’t matter who’s in office. The rich and corporate America has gotten everything they want from the government. Now it’s time for them to step up to the plate like everyone else is expected to do. After all of the yelling and screaming for two years just to get to this point, if the people who have the most resources are not required to do anything then we all should just be quiet and accept the country the way it is now.