Posted by
The New THOMA$ REPORT on Tuesday, May 26, 2009 2:56:25 PM
Despite everything Obama has “thrown” at it in an effort to make it worse and deeper, the economy is starting to “come back.” He will, of course, claim credit for it, but only 6% of his “stimulus money” has even been paid out, so it is not a factor. It is the natural nature of an economy in a capitalist (or near-capitalist) state to improve as soon as possible. The economy in the forties did likewise, in spite of all FDR could do to prevent it. Everything he did then was calculated to make things worse and did, for a time. But natural market forces eventually triumphed, creating the “boom” that Reagan, Bush, and John Kennedy (a Democrat) made better with their tax rate reductions. But tax rate reductions from Obama are not expected. He’s not smart enough. And besides, the economy being bad plays right into his hands. It makes people more amenable to his socialist (collectivist) plans. (
One News Now)