ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN DR. SKOSPLES' NATIONAL INCOME AND BUSINESS CYCLES COURSE AT OHIO WESLEYAN UNIVERSITY
Saturday, October 30, 2010
poll shows Americans don't know economy esxpanded with tax cuts
Many Americans are unaware that the Obama administration has actually cut taxes instead of raised them, which is the popular belief. Since taking office in 2009, President Obama has made over 200 billion tax cuts to families, but has focused mainly on the middle class. This poll shows that the ratio is 2:1 on people who think taxes have gone up. Also, many people believe that the economy is shrinking. Many people, me included, think this is unacceptable, and the government needs to do a better job communicating facts to the public. The problem is the United States is going through tough economic times, and if the peoples belief is that Obama is taxing more, people will save more money and spend less. But, to get out of this economic situation people need to be spending more money, which is why there needs to be better communication.
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