Germany and Hungary Are Switching to Reaganomics-->Why Can't We?

IBD/The Lid ^ | 6/30/09 | The Lid

[Shellybenoit]

President Obama is quickly approaching the moment when he will have to emulate President George HW Bush, who told us to read his lips, "No New Taxes." Barack Obama promised us that he wouldn't raise taxes on families with income of less than $250,000, he is already hinting that the pledge will soon have to fall. Problem with that broken pledge, is that Christina Romer, a top Obama's top economic adviser did a major study that proved for every 1% increase in taxes, the US Gross Domestic Product falls by at least 2%. As we are already in an economic slowdown that is not a wise choice.

But there is another Idea, maybe we adopt the strategy that Germany and Hungary are about to adopt, Reaganomics...tax cuts. That is IF the President truly cares about the economy rather than just implementing his socialist agenda:

[ButThreeLeftsDo]

It didn’t work.

Haven’t you heard?

;-)

[popdonnelly]

Because we have a neo-Marxist in the White House who doesn’t know the government doesn’t have any money.

[OneWingedShark]

Because “only the government can save us now” or similar... Obama said it, so it must be true. [/sarc]

[wbones8765]

His agenda is to economically cripple us forever. I think he intends to destroy this country. It sure seems that way, with the idiotic policies he wants to pass.

[zwerni]

it really has nothing to do with money and revenues...

it is class warfare - and it has worked for the democratic party for at least the past 50 years.

[sickoflibs]

Because us republicans (led by talk radio) picked a socialist as president (GWB) and called him a free market capitalist, so now it gets the blame for the misrepresentation and Obama says “let’s try socialism”.

But heck, Saddams gone right? That’s worth Pelosi, Obama , government banks, health care and autos ,right???