I think most Democrats in Congress went to college, though there is seldom any outward sign of it. While there, they undoubtedly learned about the law of supply and demand. Unlike the Democrats’ opinions about the economy, it is called the law of supply and demand because it is not open for interpretation or opinion. It is what it is. You don’t get to spin it.
The booming economies in China and India are sucking massive amounts of oil, which causes the price to rise. Federal gasoline taxes cause the price to rise. The way to lower that price is to increase supply and cut the taxes.
The Democrats won’t do it. And there can be no other reason for it than to keep the gas prices high so the voters blame the Republicans for it in November. The Democrats (not surprisingly) are punishing the American people for their own political gain. Read the rest of this entry »
Socialism thy name is Barack Hussein Obama:
Mr. Obama unveiled much of his economic strategy in Wisconsin this week: He wants to spend $150 billion on a green-energy plan. He wants to establish an infrastructure investment bank to the tune of $60 billion. He wants to expand health insurance by roughly $65 billion. He wants to “reopen” trade deals, which is another way of saying he wants to raise the barriers to free trade.
He intends to regulate the profits for drug companies, health insurers, and energy firms. He wants to establish a mortgage-interest tax credit. He wants to double the number of workers receiving the earned income tax credit, the EITC, and triple the EITC benefit for minimum-wage workers. The Obama spend-o-meter is now up around $800 billion. And tax hikes on the rich won’t pay for it. It’s the middle class that will ultimately shoulder this fiscal burden in terms of higher taxes and lower growth. Read the rest of this entry »
