politicaleconomitalk

As I sit here and listen to the totally biased commentary from CNN it occurs to me that we are going to have a new democratic president next week. Why because of the economic crisis.  The race is so close, dispite what the biased CNN commentators tell you, that the economic crisis has created just enough of a shift for the Democrates to win.  Talk about perfect timing and luck.  The masses of democratic leaning voters are not thinking things through, they are just hoping for some relief from the economic hard times.  The democrates are playing them with the idea of a tax cut.  If you think about it a tax cut really won’t do anything for the average family in this country.  It will at most add up to a couple of hundred dollars and will be gone in a nano second.  Where will this money go.  Well I would be willing to bet that the average family in this country has some credit card debt and that many of these families are in financial troube and probaby get a lot of collection calls.  These families will percieve the credit cards to be the hottest fire they have and this money will end up going to pay the extemely high interest rtes and late fees.  The democratic tax cut willl end up as a wind fall for credit card and finance companies (or somthing similar) and will do nothing to stimulate the economy. 

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