I still don't understand how cutting the taxation on stock dividends is going to encourage consumer spending or provide new jobs. After all, that's what's going to get our economy going again (if anything will). What the President and his economists are asking for is, to my untutored mind, a huge tax break for people who are already so wealthy that the income they make on stock dividends constitutes a considerable part of their income. But these are rich individuals, right? They're not the ones who need help, goddammit! They're not, as the President suggests, going to rush out and "buy new equipment" or "hire new employees" for their businesses; they're going to feather their nests or sink the savings back into the stock market. That's dead money or fuel for more of the same speculative crap that made the bust so severe in the first place. (That's another gap in my understanding of economics: bull markets don't pay my bills, beeatch!) If there're going to be any tax cuts, they need to go to people for whom a few hundred bucks is the difference between making the rent and not. These jag-offs who nearly kill me every day with their SUVs as they make their way to the golf course or to pick up Caitlin or Jeremy from soccer practice don't need a break: they need to get broken.
I hope the moderates in the Senate keep to their guns and don't allow the President to bully them into going along with what his own father once called voodoo economics.