Here is one for you. Obama spends 22 million dollars creating 3,000 jobs OVERSEAS!
Tell me whose treating working Americans like dirt? The ones holding our economy up, or the one whose paying foreigners to do jobs that we could be doing?
Men like Bill Clinton and career politicians have more blood on their hands for the working class than the Gordon Gekko's ever will.
You don't own any stocks, do you, moonbat?
Wall street has been pretty good to me.
Must suck to be you.
Time for Tax Cuts
What ever happened to “bold, persistent experimentation”?
BY Fred Barnes
August 5, 2010 12:00 AM
The economic recovery, to the extent there’s been one, has stalled. Unemployment remains stubbornly above 9 percent and may go higher. The housing crisis endures. What is President Obama’s remedy? More jobless benefits, more money for governors to pay Medicaid bills, more funds for teachers and state and local government jobs. In other words, more of the same.
What ever happened to “bold, persistent experimentation”? That was President Franklin Roosevelt’s notion of how to cope with the Depression, and Obama is a great admirer of FDR. Yet he’s barely experimented at all. Instead he’s offering more of what has been tried and failed to deliver a healthy economy.
So why not experiment with tax cuts? It would be a new approach for Obama, a real experiment in his case. It would be one with an impressive history of success in spurring economic revival going back to the era of President George Washington.
His administration, led by Treasury Secretary Alexander Hamilton, took on the Revolutionary War debts of the states. In Empire of Liberty: A History of the New Republic, 1789-1815, historian Gordon Wood says this policy allowed state taxes to fall and generated “the increasing growth of American prosperity. Hamilton’s financial program was working wonders” with the economy.
“The federal government’s assumption of the states’ war debts had indeed reduced the states’ need to tax their citizens, and the states lowered their taxes to between 50 and 90 percent of what they had been in the 1780s,” Wood writes. “By the mid-1790s the burden of taxation in the states had returned to pre-Revolution levels, which were considerably lower than those of the European nations.”
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