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Politics : Liberalism: Do You Agree We've Had Enough of It?
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From: TimF5/24/2009 8:38:42 PM
3 Recommendations   of 224749
 
Tax Increases Could Kill the Recovery
online.wsj.com

...I increasingly wonder whether the Obama administration has persuaded itself that blame for the poor economy is so completely on the shoulders of George W. Bush that the public will not hold it responsible for the poor economy at any point. Or, perhaps, that the massive new largesse showered on American voters will protect the Democrats in forthcoming elections. Perhaps they are right about both. But that does not change this: Not only was the bashing of business the most important reason for the "second" Depression in 1936-38, but the modern European social welfare states to which the Democrats aspire impose much lower corporate income taxes than the United States even before Obama's huge new increases. You cannot spread wealth that has not been created in the first place.

tigerhawk.blogspot.com
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