Does anyone remember how President Clinton turned the economy around back in the early 90’s. Well I will give you a hint, HE CUT TAXES! He cut taxes, in particular capital gains taxes, and revenues soared. Businesses were infused with money, new businesses created and more investing happened. Clinton understood economics. Obama is doing the exact opposite of cutting taxes, does anyone think revenues are going to soar? The Obama Administration’s goal of instituting every leftwing agenda item his first year of office is eventually going to force congress to raise taxes. He has already said he would “Entertain” tax increases to pay for the Global Warming bill they are proposing. We better hope that the Obama administration just does not understand economics, because the alternative is reaalllly scary.
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