Monday, August 30, 2010

Not Enough Stimulus? Or Too Much Spending?

By Douglas V. Gibbs

The economy is still in the tank. Even the liberal left knows that the Democrat Party's Keynesian strategy is not working. The excuse the liberals are giving are the same excuses used when the New Deal by Franklin Delano Roosevelt is challenged. "Not enough money was spent by the government fast enough." Well, that, and the Republicans are not allowing them to spend more.

Imagine that. These economic dimwits think that the best way to fix an economic problem is to start digging yourself deeper into debt, and if it doesn't work, burrow even deeper into debt.

I suppose the best way to get out of quick sand is to dive deeper, right?

Now, the New York Times believes that Obama is some kind of magician, too. Surrounded by economic failure, broken promises, and an increasingly disastrous financial bust, the Times is literally asking: "If President Obama has a big economic initiative up his sleeve, as he hinted recently, now would be a good time to let the rest of us in on it."

Much of what the New York Times suggests, however, is just more dangerous liberal idiocy.

Mr. Obama has no tricks up his sleeve, and if it wasn't for the fact that the Republicans, and a handful of Democrats, are blocking more spending madness, it would be worse than it is. All Obama and the Democrats have in their sights is the financial ruin of this nation. We are floating down the Niagra River, and that roar we all hear in the distance is the roar of the falls. Obama, however, is telling us that the roar in the distance is the sound of recovery, and if we only paddled a little more, and little harder, toward that roar, we will all be saved.

It's time to turn the raft around.

Cutting taxes has been proven to stimulate an economy. Cutting taxes leaves more in the pockets of the consumers, and the producers. In turn, the consumers purchase more, and the producers produce more. As the private sector grows, more jobs are created. If spending cuts, and a reduction in regulations against businesses, accompanies the tax reductions, the economy flourishes even more. In the long run, with the economic growth of the private sector, tax revenue actually increases. This truth has been proven time and time again. Problem is, the cockroaches of Washington see the increase in revenue, and then begins to increase spending. Then as spending increases, they think they need more revenue for their expanding government, so they raise taxes, which in turns slows down the economy, reduces revenue, and leaves the government with a bunch of spending programs, and not enough money.

And the vicious cycle begins again.

The answer to the question?

We have too much government spending. Too much government, for that matter. It is time to reduce spending, cut taxes, and let the free market principles do as they have always done when unleashed - make America prosper.

-- Political Pistachio Conservative News and Commentary

Waiting For Mr. Obama - New York Times

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