We Voted for Change and We Hate It

The media has worked overtime trying to make us hate GWB.  But consider this.

George Bush has been in office for 7 1/2 years. The first six the economy was fine.

A little over one year ago:

1) Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.19 a gallon;
3) the unemployment rate was 4.5%.
4) the DOW JONES hit a record high--14,000 +
5) American's were buying new cars, taking cruises, vacations overseas, living large!...

But American's wanted 'CHANGE'!  So, in 2006 they voted in a Democratic Congress and yes--we got 'CHANGE' all right.

In the PAST YEAR:

1) Consumer confidence has plummeted ;
2) Gasoline is now over $4 a gallon & climbing!;
3) Unemployment is up to 5.5% (a 10% increase);
4) Americans have seen their home equity drop $12 Trillion Dollars & prices still dropping;
5) 1% of American homes are in foreclosure.
6) The DOW is probing another low~~ $ 2.5 Trillion Dollars has evaporated from their stocks, bonds, mutual funds and investment portfolios!
 
Yes, In 2006 AMERICA voted for change...and we sure got it!  ...

Remember what's changed.  Not the President.  What's changed is the Democratic control over the Congress.  That Congress has done nothing in the last two years except talk, and yet they want to lay all the blame on the President.

Now the Democratic candidate for President claims he is going to really give us change along with a Democratic Congress!!!

Just how much more 'CHANGE' do you think you can stand or afford?

Source: McCainSpace.com

   
Chicago War Zone Information

Body count. In the last six months 292 killed (murdered) in Chicago, 221 killed
in Iraq.

Sens. Barack Obama & Dick Durbin, Rep. Jesse Jackson Jr., Gov. Rod Blogojevich,
House leader Mike Madigan, Atty. Gen. Lisa Madigan, Mayor Richard Daley...our
leadership in Illinois...all Democrats. Thank you for the combat zone in Chicago
(a lot of good gun control does, huh?). Of course they're all blaming each
other. Can't blame Republicans..... there aren't any!

State pension fund $44 Billion in debt, worst in the country. Cook County
(Chicago) sales tax 10.25% highest in the country. (Look 'em up if you want).
Chicago school system one of the worst in the country. This is the political
culture that Senator Obama comes from in Illinois. He can't fix
Illinois........He's gonna 'fix' Washington politics?

Source: McCainSpace.com

   

A quick economics lesson.

Bar Stool Economics

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. 'Since you are all such good customers, he said, 'I'm going to reduce the cost of your daily beer by $20. Drinks for the ten now cost just $80.

The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:

The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33%savings).
The seventh now paid $5 instead of $7 (28%savings).
The eighth no w paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before and the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings.

'I only got a dollar out of the $20', declared the sixth man. He pointed to the tenth man,' but he got $10!'
'Yeah, that's right', exclaimed the fifth man. 'I only saved a dollar, too. It's unfair that he got ten times more than I!' 'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!'

'Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor!'

The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.
Professor of Economics, University of Georgia