Posted on 01/19/2009 4:37:26 AM PST by markomalley
Obama is predicting that unemployment will remain flat for at least 2 years in his most optimistic estimates.
A real solution would be to remove all taxes on income, investment and savings, switching them instead to consumption.
Just on word that it has chance of passage, the economy would take off like a rocket. The liquidity problems would vanish nearly overnight as monies that are taken out of our paychecks go into bank accounts and investments.
Businesses that have so much of their profits taken away would hire more people and spend on asset improvements from the savings.
We would also set an example for the rest of the world who will either emulate our lead or be left behind, thus spurring worldwide growth even further.
I know that this will not happen under “spread the wealth around” Obama.
Very few Republicans believe in the free market anymore.
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