November 02, 2009

The economic recovery is doomed. DOOMED
Key issue is economic philosophy. FDR believed that massive intervention (followed by high taxes) would lead to economic recovery. Obama has a similar belief. They're wrong. Plus, don't forget that many Bush tax cuts are scheduled to expire in 2010. Allowing them to expire is the same as a tax increase. BTW, at the time those cuts were passed, I thought the 2010 business was a bad idea. I now see it was a cunning plan...[ArthurK]

Posted by xgenghisx at November 2, 2009 06:12 PM
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