we re talking about here is what can we do to give a short-term stimulus to the economy? everybody knows the poor don t have as much money. they can t put it in the bank and leave it there. they go to wal-mart and spend. you can see this in the spending trends where the company like wal-mart see it on the first of the month when people are getting the checks. they go out and they re spending. people who don t have money spend all of it. if they spent all their money, they wouldn t be rich. david: but the bottom line is the overall economy better off as a result of the extending the bush tax rate cut? of course it is. you want decisions made on the economics, not politics. the more money in the private sector, that means that the economics is a determining factor in what happens to money whether it s spent, saved or invested. i think that s why president obama agreed all of a sudden he s for supply side economics. he realizes the big benefit. david: it s not just rich people buyin
not spend the extended bush tax cuts. but now they are spending and how. a new report says upper income shoppers splurging 45% more during christmas week. and now retailers, luxury ones like tiffany are upping their profit outlook for 2011. are the tax cuts helping the economy? sure they are. the president is living in a keynesian fantasy land. rebates are one-shot and cut in tax rate means you have more incentive so the rich is spending more. good for the economy. david: extenting the bush tax rate cut are good for the whole economy? wow, david! we started the segment with how the average people should work for less money and now we talk about how the ultra super wealthy, super duper rich guys should get more tax breaks because tiffanies did well at