I don’t agree.
Lets return to the Clinton tax rates that everyone claims to be so fond of across the board. Or in other words, let the Bush tax cuts expire entirely without exception. The left says the cause of all our economic problems are due to the Bush tax cuts and “Bush deregulation” so lets return to the Clinton days and the let the good times return... Some lessons have to be learned the hard way. Lets get on with the learning...
posted on 11/22/2012 10:29:21 AM PST
People forget that Clintons policy was successful only because he was riding the dot-com bubble. Whats the bubble now? Only massive federal spending. Some will say, well, war spending ended the depression. Yes, it put 16 people in uniform and millions to work in war industry, and when that war ended, the men in uniform came back to work in factories built with government money to supply the pent up domestic demand. BUT there was also an almost insatiable demand for Americans goods from those overseas.in countries destroyed by war. Foreign aid got them money to buy those goods. Like Sweden and Switzerland, we profited immensely from that war. But that was then and now is now. Who is profiting from our lavish spending?
posted on 11/22/2012 11:19:56 AM PST
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