If taxes had been cut across the board, instead of repaying interest groups for their support, the money would have been in the system, jobs created, economy growing.
But no, the "O" needs to socialize America, channelling money to the "right" people.
And so starts the unraveling of the Obama Presidency.
Obama's budget apt to run into hard reality
IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Chump Change
3 comments:
Yeah - more supply side tax cuts - just what we need! That is EXACTLY what we do not need - more of the same from the people that delivered us to this economic meltdown.
Fortunately, with Obama's stewardship, the economy appears to be bottoming. The stock market is on a tear. The cavalry has arrived!
Dream on Rich! Again Jim is spot on correct. The economic numbers are getting worse. We are already seeing that all of the rosy economic projections that this administration has been using are pie in the sky dreams. 8 billion to Acorn. What a joke. I guess this is what you get when we have a President who was tutored by alumini from the Weather Underground and the Hate America preacher Reverend Wright. As he stated the "chickens have come home to roost" and all of the stimulus spending appears to not be working.
I predict with a large amount of confidence that this President will go down in history as the worst President this nation has ever had. If you call it bottoming when unemployment continues to rise and banks have to raise 75 billion in new capital than you must have a crystal ball.
A friend of mine pointed out that the facist government of Peron in Argentina did the same things. Controlled the banks, shifted private business ownership to labor unions, manipulated a gullible media. Come to think of it the threats that were directed at non Tarp bondholders of GM and Chrysler are definitely facist like. We are all now seeing Chicago politics at their worst. Patronage, intimidation, voter fraud, just like old Mayor Daly. Government knows what is best for all of us and we better damn well just shut up and go along for the ride.
That must be why the stock market is on a tear.
I remember all the predictions of doom when Clinton and Democratic Congress passed the 1993 budget bill without one Republican vote. Gingrich, Armey and DeLay were all apoplectic. Then, we followed the bill's outline and balanced the budget but four years later. We enjoyed the greatest economy the world has ever known. It was sustainable - it included shrinking deficits, then growing surpluses. This is unlike the GOP economies which have involved growing massive debt, without exception, since Reagan came to town.
So, Mark, predict away! The economy will get better.
Post a Comment