Thanks for taking a direct hand in destroying our economy. The market has plunged 11% just today. It means we who worked hard all our lives, so we could invest and perhaps build a bit of a nest -egg...have lost 11% of that value just today. Prez Welfare says the Republicans have not come up with a plan to put people back to work...HORSE PUCKEY !!!
Libertarians, Republicans and Independants have been screaming the solution to the problem..but the prez must have a problem with deafness. A simple solution...
A) Cut taxes..especially for those who provide jobs.
B) Start oil exploration, drilling, production, transportation and distribution (hundreds of thousands of jobs)
C) suspend operation of the EPA, until they come up with new rules which protect the environment & doesn't overburden the producers.
D) Advise states to adopt 'right to work' labor rules.
E) Repeal rergulations which impede investmentg and production.
In Short; Adopt Reaganomics...
Financial Dictionary definition:
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Reaganomics An informal term for
supply-side economics, which is a
macroeconomic theory stating that a government can best promote
growth by providing incentives for persons to produce goods and
services. The primary way a supply-side oriented government does this is by maintaining low
tax rates so that
investors and
entrepreneurs may use their
money toward production. Maintaining low tax rates on the wealthy is one of the most important and controversial aspects of supply-side economics; the theory states that well off persons have the capital available to produce goods and services and thereby create jobs and grow the economy. Critics contend that this does not happen in reality, and that the wealthy are more likely to keep, rather than invest, their money. Reaganomics acquired the name because it was crucial to the economic policies of the administration of U.S. President Ronald Reagan. See also:
Keynesian economics,
Monetarism,
Trickle-down economics. Farlex Financial Dictionary. © 2009 Farlex, Inc. All Rights Reserved
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Anyone like to compare Reaganomics..with Obamanomics ?
