Obama's Answer

A quickie here.

I'm watching CNN's "Compassion Forum" and Barack Obama and he was asked what he would do to reduce poverty in our great country.

Before he even opened his mouth I knew where he would go with his answer.

He talked briefly about the banking industry, but quickly went on to the tax code.

He talked about how people at the bottom pay too much and how George Bush's "tax cuts for the rich" were hurting the lower and middle classes. Now, for now we'll forget that Bush's tax cuts lowered not only the top rate from 39.5% to 35%, but also lowered the bottom rate from 15% to 10%.

Let's forget all of that for a second. How does giving people at the top tax cuts hurt poor people? Other than decreased government revenue, how is that directly affecting people at the bottom? It doesn't. The reason that tax breaks for the rich haven't worked in the past three decades was because the revenue cuts weren't met with cuts in government spending.

Let's just make this clear: Making the rich poorer does not make the poor richer.

I just had to get that off of my chest.