Bush Tax Cuts and todays frustrated conservative.

More inane comments from today's frustrated conservative.

1. I don't make these comments up just to increase readership or hits on my blog. There really is someone this stupid.

2. I almost never post a comment unless I like it. It is my blog.

3. I wish I could make up stuff this funny.

From our favorite frustrated conservative:

Also…it’s interesting … you say that the Bush tax cuts only went to the rich. Okay. Maybe so. But then you say they have just raised the debt. Okay. Maybe so. But somebody has to pay that debt off. And a large chunk of that debt is going to be paid off by those very same rich people or their rich children, especially if the Bush tax cuts expire.

No, I didn't say the cuts went only to the rich. Typical disinformation attempt from the frustrated pundit.

I said, "that very fortunate group got all the benefits of the Bush tax exchange." The word benefit being the key to the sentence.

The less fortunate taxpayers saw their share of the federal debt increase by an amount greater than the 'tax benefit' given. As the debt has risen, the dollar has fallen. A cheaper dollar means a huge increase in imported goods, like oil.

For someone making $7.50 to $12.00 an hour, a huge increase in utility bills and gasoline prices easily offsets the itsy bitsy 'tax benefit.'

As recently as December 2001, gasoline was under a $1.10 for the national average pump price. Link to recent gas prices.

The average value of the euro to the dollar for 2001 was $1.11. That means it took 1.11 euros to equal a dollar.

In 2007, it only took an average of .75 euros to equal a dollar.

Today, it takes only .64 euros to equal a dollar.

That's roughly a 42% decline. So, I won't say all the increase in gasoline prices came from a falling dollar, or that all the decrease in the dollars value came from the record federal debt.

I am saying oil could be bought for $20 per barrel in 1996 to as recently as 2002. Now, oil is $110 per barrel. Gasoline was a $1.10 and now it's $3.28 and going up.

I am saying the increases in the debt from the Bush tax cuts hurt much more for the middle class family living on $20,00 a year.

If we assume two wage earners commuting in two cars and only a dollar increase at the pump, gasoline cost the family a $1000 more a year. Assuming the two cars get an average of 24 miles to the gallon. Not very likely on $20,000 per year.

How much did the average family get per year under the Bush plan since 2002? Is there anyone jumping up and down to tell me the average family got $6000 since 2002?

And that is only an analysis of direct gasoline prices. Gasoline prices increased the transportation costs on all goods. Corn has tripled in price with the increased demand for alternative fuels. What did that do to the price of bread?

Who got the benefits?

Not the middle class.

More to come.