Evan Bayh, Indiana's retiring Senator, made comments on September 17th that ending the Bush Tax Cuts for the wealthiest of Americans will hurt the economic recovery. He said that the wealthy "make most of the hiring and investing decisions" and that "we should want them to do more hiring and investing" to stimulate the economy. I totally disagree with this premise. Just because they have more money does not mean that are smarter investors than the person that has no savings in the bank. Having a job in today's job market is not about skills, expertise, or work ethic. It is about having the right friends in the right places. It some cases, it is even about being able to strip away at the definition of theft and redefine it as smart business decisions.
These are things that the current Congress will have to consider before they leave office. The new Congress, with the House likely to be controlled by Republicans, is even less likely to end the Bush tax cuts.
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