Low Interest Rates or Lower Taxes?

The tax cuts have not even helped most people. Most of the money went to the top 10%. Of course, those are all Republicans. DUH!
I don't think it has gone unchallenged, Gary, although the message has not been carried by the media very effectively. Who controls the media? DUH!
The extremely low interest rates have enticed a lot of people to overextend themselves, buying houses at inflated prices and temporarily low payments due to the ARM's. (Adjustable Rate Mortagages)
The hammer is about to fall, though. Inflation is starting to heat up due to high gasoline prices...high energy prices. Those ARM rates are going to start inching up, and a lot of people are going to get squeezed. Some are going to lose their houses, and the housing market is going to crash.
People who manage to make their payments will be horrified to find that they are "upside down" in their mortgage...they owe more than the house is worth on the market. Nobody knows how this will play out. a gradual squeeze or a bubble-burst. Either way, when combined with continued decline of the dollar, the result will be a drastically lower standard of living for a lot of people. That's actually a best-case scenario. The worst-case is a world-wide economic meltdown. I don't even want to go there.

Geez, Bert, I sure hope you're pessimistic. I'm not sure the ratio of ARMs to conventional loans is high enough to cause a bubble burst rather than a slow deflation. Time will, of course, tell.

Also, there are enough Dems on TV talk shows to make this point, which seems to me to be a very strong one. Having just driven across the counrty, I can certainly confirm that there are NO liberal voices on commercial radio, NONE. Despite conservative whining about liberal media, they don't just dominate political radio talk, liberal radio has disappeared, Air America notwithstanding.
But that hasn't happened to TV yet. The message could get out if Dems were paying attention to it.

I hope you are right, Gary. I am cautiously hopeful about the elections this fall.