Well, ya' can't say that Georgie-Porge ain't got a scruples, that's fir sure. Now that his so-cleed stuimulus package is here, other than a one year acceleration of the measly tax cuts for the working class, all the rest went to his rich friends.
Yep, 49% of the dividend tax cut will go to the upper 1% of the population and the average saving for families with annual incomes of $1M will be a whopping $89,000. Dich Cheney will get approximately $100,000, as if he needs it.
One of the major impacts will be in the cash starpped states and local governments that depend on revenues from these dividends and so you can bet that they will be cutting services like there's no tomorrow.
Then take the bond market that localities us to finance schools. With the stock market getting this big loop-hole shot in the arm, you can bet that when communities borrow to build schools it's gonna cost us more to pay off those bonds because they will have to compete againt the stock market.
Lastly, not only is this not a "stimulus package" in that it is not *demand side* but it is also not a short term adjustment like stimulus packages most always are. No, this is a perminent cash grab for the rich and guess who in the long run will be left holding the bag?