Monday, January 5, 2009

Wow, $1000! I'm rich

Recall in 2001 when the 1st Bush tax cuts were debated and the idea was to send everyone a $300 or $600 check as an advance on next year's tax cut. The left's response (including one John McCain and the media) was basically pffft, $600, like that will do anything.

Fast forward 8 years and now the Great Leader Obama is planning to give everyone a whopping $500 or $1000 tax cut, broken down in $20 increments via a reduction in payroll taxes deducted every month. The response from the left (including John McCain and the media) is "this is the greatest idea ever".

When you factor inflation, today's $1000 is about what $600 was in 2001 and today's $500 is about what $300 was in 2001.

But the media isn't biased, no siree, not in any way shape or form.


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