Posted by Liberty on January 29, 2009
Rush has a great op-ed in today’s Wall Street Journal!
“Keynesian economists believe government spending on ‘shovel-ready’ infrastructure projects — schools, roads, bridges — is the best way to stimulate our staggering economy. Supply-side economists make an equally persuasive case that tax cuts are the surest and quickest way to create permanent jobs and cause an economy to rebound. That happened under JFK, Ronald Reagan and George W. Bush. We know that when tax rates are cut in a recession, it brings an economy back.
Recent polling indicates that the American people are in favor of both approaches.
Notwithstanding the media blitz in support of the Obama stimulus plan, most Americans, according to a new Rasmussen poll, are skeptical. Rasmussen finds that 59% fear that Congress and the president will increase government spending too much. Only 17% worry they will cut taxes too much. Since the American people are not certain that the Obama stimulus plan is the way to go, it seems to me there’s an opportunity for genuine compromise. At the same time, we can garner evidence on how to deal with future recessions, so every occurrence will no longer become a matter of partisan debate.”
“Fifty-three percent of American voters voted for Barack Obama; 46% voted for John McCain, and 1% voted for wackos. Give that 1% to President Obama. Let’s say the vote was 54% to 46%. As a way to bring the country together and at the same time determine the most effective way to deal with recessions, under the Obama-Limbaugh Stimulus Plan of 2009: 54% of the $900 billion — $486 billion — will be spent on infrastructure and pork as defined by Mr. Obama and the Democrats; 46% — $414 billion — will be directed toward tax cuts, as determined by me.”
Rush’s plan is that once both approaches have been implemented, we will then compare the results. Once and for all, there would be definitive evidence as to what works: increased government spending or tax cuts. Note, the comparison would be of results, not intentions. So much of what liberal Democrats [and government in general] do is guided by intentions, not results.
This entry was posted on January 29, 2009 at 8:19 am and is filed under Future of the GOP, Innate hypocrisy, Liberalism, Obama, Redistribution of wealth, Socialist economics, Stupid legislation, Taxes. Tagged: Bipartisanship, Capitalism, Government spending, Obama, Rush Limbaugh, Stimulus, Tax cuts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.