If cutting spending is bad for economies, as Obama claims, why did global stock markets rise almost universally today and by significant percentages in response to the news that Greece had finally adopted an austerity budget?
And if raising taxes is good for economies, as Obama also claims, why didn’t the European nations paying billions to Greece in bail-out money demand that Greece raise its taxes to cover its debts?
Why is Barack Obama the only person in the world who still thinks taxing and spending is the road to prosperity when it’s proven instead to be the road to doom?
LLS