Let them eat cupcakes!

Byline: | Category: Economy, Taxes & Spending | Posted at: Wednesday, 29 July 2009

It’s Wednesday, or as it’s getting to be known in the White House, “Foot-in-Mouth Day.”  Last Wednesday it was the President’s ill-advised and factually-challenged foray into a local police matter.  But this Wednesday the President’s oral podiatry takes the cake.

One-third of the entire recovery act is for tax relief for you, for families and small businesses.  One-third of it.  . . . That’s money for you to buy cupcakes and other necessities of life.

It gets worse.  Left out of the Politico’s video coverage of the President’s remarks was what he said about the tax relief that “95%” of Americans received.  Within those ellipses deleted in the clip, he said that “You might not have noticed” the stimulus, because it was in your paychecks.  Another reason you might not have noticed it was because the tax “relief” works out to a grand total of about $8 to $12 a week.  And it expires at the end of this year.  That is, of course, only if you’re not among the more than 15 million jobless Americans who aren’t currently paying any income taxes because they don’t have any income.

The President’s $787 billion stimulus package spent the equivalent of $10 thousand dollars for every family of four, and what do you get out of that?  $8 to $12 dollars more a week.  And that’s something to brag about?

Let them eat cupcakes indeed.

Bonus questionImagine if Bush had said it.

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