Uploaded February 2009 | Updated September 2026, 11 hours ago
Stimulus facts from Moody's Economy are gems, a real factzilla for progressives seeking to knock down the oft-claimed and false GOP talking-point and principle that tax cuts are always beneficial. Clear evidence disproves the canard. Conservative Republicans live to claim that tax cuts for elites and big corporations are always good and absolutely the best action to promote economic stimulus. Not true according to Moodys Economy stimulus data showing the economic benefit of various economic stimulus items. Surprisingly food stamps have the biggest economic ripple effect per dollar spent; infrastructure projects are almost as beneficial, but the GOP canard that tax cuts are good for the economy is severely questioned because corporate tax cuts actually take money out of the economy, presumably in the modern day world, to invest overseas. In part this explains why job losses under President Bush were severe for most of his tenure, and helps explain why China and other foreign economies boomed during the Bush years.
There is much less benefit from tax cuts that are saved or spent overseas. My take: the Bush years created many more jobs in China than U.S. Sadly, tax cuts are a much less efficient stimulator in today's global economy.
Opinion derived from various media sources including CNN and MSNBC and the Rachel Maddow.
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Stimulus facts from Moody's Economy are gems, a real factzilla for progressives seeking to knock down the oft-claimed and false GOP talking-point and principle that tax cuts are always beneficial. Clear evidence disproves the canard. Conservative Republicans live to claim that tax cuts for elites and big corporations are always good and absolutely the best action to promote economic stimulus. Not true according to Moodys Economy stimulus data showing the economic benefit of various economic stimulus items. Surprisingly food stamps have the biggest economic ripple effect per dollar spent; infrastructure projects are almost as beneficial, but the GOP canard that tax cuts are good for the economy is severely questioned because corporate tax cuts actually take money out of the economy, presumably in the modern day world, to invest overseas. In part this explains why job losses under President Bush were severe for most of his tenure, and helps explain why China and other foreign economies boomed during the Bush years.
There is much less benefit from tax cuts that are saved or spent overseas. My take: the Bush years created many more jobs in China than U.S. Sadly, tax cuts are a much less efficient stimulator in today's global economy.
Opinion derived from various media sources including CNN and MSNBC and the Rachel Maddow.
Thanks for commenting and subscribing.
