Wednesday, November 12, 2008

The Economy...

When you inject the idea of fear and hunger into the brains of people, it is unbelievable how far left they will turn. Exibit A is found in Germany. Before Hitler came into power, German families were buying loaves of bread with wheelbarrow's full of cash because inflation was so high. Their inflation was around 1600%. In other words, you could leave the house with a load of cash to buy bread, and get to the store and it would not be enough. So, when people get scared, it is amazing how influential someone charismatic can be. In a sense, they begin to look for the government to do things for them, when in reality, it's the last thing that should happen

UCLA just put out a study that said that the liberal rules put in place by FDR extended the Great Depression by SEVEN years. UCLA is not a conservative university by the way. So, what should we do? In my opinion, basic economics should look like this:

  • Cut taxes for everybody, not just for 95% of Americans. History has shown that this works. First of all, when government raises taxes, they intend to get more money to do things like pay off the national debt. However, in reality, the lower the taxes for everybody, the larger the budget surplus.
  • Reduce government spending. Enough said. This goes from earmarks to buyouts. Enough said
  • When taxes are cut, more jobs are created. As much as we love to stick it to the rich, they pay us. May I personally thank some rich guy in Great Britain for paying me. You have your private jet and different homes all over the world, but you give some of your profit to a fellow like me.
  • When more jobs are created, more tax dollars go into the system.
So, all of this said... Please be logical.

Sorry for this boring topic (YAWN)