The big problem with Obama's economic plan.

[Impulsivity]

"The Census Bureau has tracked the economic fortunes of affluent, middle-class and poor American families for six decades. According to my analysis, these tabulations reveal a wide partisan disparity in income growth. The real incomes of middle-class families grew more than twice as fast under Democratic presidents as they did under Republican presidents. Even more remarkable, the real incomes of working-poor families (at the 20th percentile of the income distribution) grew six times as fast when Democrats held the White House. Only the incomes of affluent families were relatively impervious to partisan politics, growing robustly under Democrats and Republicans alike." an exert from a NYT story found at http://www.nytimes.com/2008/04/27/magazine/27wwln-idealab-t.html

There are a large number of other studies with the same kinds of findings. Under republicans only the best off have real gains, while under democrats everyone (even the best off) have gains and equality increases.

Tax cuts DO help because there is nothing more toxic to an economy then heavy amounts of debt. Wonder why the dollar used to be worth more then the Euro under Clinton and now the Euro is with 1.50 or more most of the time? It is because huge debt reduces the value of our currency and our economic standing in the world. It isn't just a Clinton thing, every democrat (except carter) for almost the last 100 years has decreased inequality and grown the economy for everyone while Republicans just funnel more and more money into the pockets of the already rich.

If you think medicare and medicaid aren't a big deal lolcislaw, you don't know any poor or old people at all. Almost anyone over 65 bases their life around medicare and social security, two safety nets democrats put in place, and you will appreciate in your later years no doubt.

Obama is going to lower taxes for 95% of people (under 200k or so in income) and raise the taxes for the rich to what they were under clinton (when we had huge economic gains for 8 years). That will help increase equality and reign in our debt. Tell me, what pressing need do you think all these millionaires who can't pay 5% more in taxes have? Do you think they're struggling to pay taxes on their mansion or send their kid to harvard? I think not.