Friday, July 29, 2011

Economists React: ‘Recovery? What Recovery?’ - Real Time Economics - WSJ

WAKE UP TIME AT THE WHITE HOUSE: Economists React: ‘Recovery? What Recovery?’ - Real Time Economics - WSJ

Art Laffer wrote within the last year about the tax increases and pro-union policies as a causative factory of the 1937/38 downturn in the Great Depression.

It’s uncanny how accurate he was.

Of course the White House Keynesians don’t see high taxes and great regulation as anything that would cause business, investors, etc. to hold back job creation.

Could we say, “Wake UPPPPPP!”

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