There is more in the link
Get rid of ALL these economic modeling gimmicks and stick to principle.
One problem with all the proposals and articles about the right things to do to turn the economy around:
They all presuppose that is what the administration wants to do.
That Obama really wants the country to strengthen and rebound.
The truth is, that he wants the country to become weaker.
He wants more people dependent on the government.
He wants excuses to cut the military more.
He wants to hold down energy production.
He wants Obamacare to destroy the free market medical system.
He wants more people in busy-work government jobs.
He wants to sap the strength and wealth of the critics and “Bitter Clingers”.
The communists and racists can’t rebuild America into their Brave New World if the country is wealthy, strong and the economy is surging .
They have to bring it down first.
People say “Can’t Obama see that he is doing the wrong things to turn the economy around?”
The answer is yes, he can.
IMHO, the Laffer curve is somewhat faulty, in that there is probably a point short of the right edge where marginal increases in tax rates would actually increase production and consequently increase revenues. The reason revenues would increase would be that the slaves, no matter how demoralized, would do whatever they have to do to get their take-home pay high enough to avoid starvation. Not exactly a situation anyone but a communist leader would want, but I think that represents Obama’s view of the world. The reason tax increases haven’t led to revenue increases is that people still have too much take-home pay that they don’t really need.
How come the government isn’t held to the same standards they demand of their subjects? Has Jack Lew ever heard of GAAP ( generally accepted accounting principles)? If he were a CEO he would be hauled off to the hooscow for the national debt not rising since May. Government don’t need no stinking accounting.