The Republicans’ plan to extend tax cuts for the rich is an “irresponsible thing for us to do,” Obama said. “I’m speaking against my own financial interests,” he said. “Those folks are the least likely to spend it.”They are most likely to invest it rather than spend it, Mr. Obama. That is where jobs come from. Investment. More investment means more jobs.
On economic issues, Mr. Obama is truly a simpleton. His understanding of economics is Marxist-based, which is why he believes such stupid things.