Monday, August 2, 2010

The Timeless Principles of American Prosperity

This article is an historical record of the effects of tax and monetary policy over the years and shows the success of supply side economics over the disastrous Keynesian practice of print, tax and spend.

The duration of our economic expansion after the Kennedy tax cuts was only exceeded by the 25 year expansion following the Reagan cuts and regulation simplification. This only ended during the Bush years when the Fed reduced interest rates and the Fannie/Freddie sub-prime housing market, that began in the Clinton years, exploded.

Obama has only expanded on the Bush mistakes and has quadrupled the deficit, increased the regulatory burden and, by the end of the year will have imposed the largest tax increase in history on the American people. Most people learn from history; liberals/Democrats/Progressives, whatever you want to call them, obviously do not.

Read the article, if you want to set history straight.
Read The American Spectator article here.

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