Posted by
The New THOMA$ REPORT on Saturday, February 27, 2010 6:48:49 PM
That’s what we should be shouting as Obama gives billions, even TRILLIONS of our dollars away to his friends and supporters, saying their business “are too big to fail.” He’s following a discredited Keynesian philosophy that you need to spend government money to improve a failing economy. This is NOT the way to do it, and that has been proved over and over. The way to improve the economy is so simple even a non-economist like me can understand it. LOWER the tax rate; leave more money in the hands of those whose investments CREATE jobs and profits.
This gives them INCENTIVE to start new projects and make more profits, not only for themselves, but for everybody else as the economy grows. This creates more taxable income. Kennedy increased the “tax take” when he did it; so did George Bush (the younger). When Reagan did it, he almost DOUBLED the “tax take.” How much more proof does anybody need that it works? But Obama and the liberals won’t listen. They want to TAKE it from you, and have the power to DECIDE who gets a cut of it, while enjoying all the power that goes along with that. (Congressman Ron Paul and common sense)