In a surprising admission yesterday, the Associated Press published an article on line that admits what has been so obvious to the rest of us: how the wealthy spend their money has an effect on the whole economy. Unfortunately the AP writer of this article spends his time blaming the rich for turning thrifty during an economic downturn (and making it worse) than he gives credit for hiring employees and spending money, both causing and enhancing economic upswings.
Perhaps the liberal-minded should keep this in mind next time conservatives suggest tax cuts (even for the wealthy) to relieve the country of a recession! Read the whole article HERE.
H/T: Rush Limbaugh
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