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Rich vs.Poor

Reported by Deborah - January 8, 2005

On Forbes today while discussing which retail stocks to buy, upscale or discount, Michael Ozanian came out with the truth about Bush's tax cuts. 1/8/05

Ozanian voted for the high end stores that cater to the wealthy because they are the ones with the money now because of Bush's tax cuts.When one of the opposing panel members claimed that going with the higher end is "so yesterday", Ozanian shot back that this trend will only improve because Bush is going to cut their taxes even more.

Interestingly enough, not one panel member, including Forbes, denounced his claim. What happened to the Fox mantra that the tax cuts are helping all income levels? Well, the truth always come out eventually, even on Fox.

posted by Alexis

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