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To: spiderfern
Firsthing posted on Drudge this morning was the “Great One’s” face and statement that it’ll be years to turn the economy around, not months!

If the economy is in trouble longer than 5-11 months, then it is being kept in trouble. When Adam Smith abolished the punitive tax structure in Great Britain, the economy quickly revived and had a bull market for the next 100 years. The Mellon tax cuts and the Kennedy tax cuts quickly revived the economy (that is, they cut back the parasitic load the government was to the economy). The United States was in a bad spot for years under Carter because of government policies. When Reagan was able to get his tax revisions put through, the economy turned around very, very quickly. Thanks to a-holes like Tip O'Neill and fellow Democrats, it had to be strung out. If he hadn't had to wait for 3 years for it to be fully implemented, the recovery would have been faster and bigger. Rot in hell, Tip, and all you people who look at the government as a way to advance your careers and massage your sense of self-importance by the degree to which you can screw over all those subject to your legislative whims.

As Reagan said, 'The government isn't the solution, the government is the problem."

Something else he said that reminds me of Barry Soetoro-Obama: "The government's view of the economy can be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
15 posted on 01/31/2009 10:09:51 AM PST by aruanan
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To: aruanan

Good explanation—you summed it up perfectly!


17 posted on 01/31/2009 10:20:39 AM PST by spiderfern
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To: aruanan
If the economy is in trouble longer than 5-11 months, then it is being kept in trouble.

"Never let a serious crisis go to waste. What I mean by that is it's an opportunity to do things you couldn't do before." - White House Chief of Staff Rahm Emanuel

No doubt it'll last for years...Obama's chief of staff will see to it in order to shove more of their agenda down the collective American throat. Liberals have elected a political rapist and it's American that's going to get screwed.

18 posted on 01/31/2009 10:28:46 AM PST by highlander_UW (The only difference between the MSM and the DNC is the MSM sells ad space in their propaganda)
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