President Bush spoke yesterday at Beaver Aerospace in Livonia, Michigan. Here's his good tax cut news:
Here at Beaver, you're going to save about $70,000 on taxes. And that means more money that goes into research to develop new products. And that's important. If I were a worker here, I'd want to be on the cutting edge of new products. I'd want the people who run this company being -- thinking about how best can I use my talent and my skills to build a new product to stay competitive. As Bill Phillips said, it gives us the money to do some research.
But he also said, it gives us some money to build new products. He's already hired 14 workers this year. He says to me, the tax relief will enable him to hire 10 more workers. That's 10 more people working. (Applause.) There are small businesses -- see, we're not talking about just this company here. There are companies all across the country like this company. And if you have 10 hired here and 10 hired there and 10 hired over there, and all of a sudden those 10 start adding up. And our fellow citizens are getting back to work. And that's what we're here to talk about, how to get Americans back to work.
Wow. Ten new workers with $70,000 of tax relief. That's, um, divide by 5, carry the 3...$3.50/hour! Ha! Let's see them do these jobs cheaper in China! Somehow, though, I doubt that the minimum wage in Michgan is quite that low. Not to mention whatever would be spent on research and development back in the first paragraph.
Not everyone in Michigan is drinking the Kool-Aid, though. This from the Detroit News:
President Bush will tell a group of Livonia aerospace and defense workers today that his tax cuts already are helping turn the economy around.
Michigan begs to disagree.
Nearly two-thirds of Michiganians polled by The Detroit News days before Bush's visit to Metro Detroit describe the economy negatively -- 23 percent say it is "very bad." Just under 40 percent say they are worse off financially than they were two years ago.
It's the issue in Michigan: Just under half of the state's voters say jobs and the economy are far and away the most important problem facing the state. The second biggest issue, education, finished far back, at 15 percent.