Sure it's a cliche, but it fits. The Obama administration is promising to follow up it's spending orgies with an attack on the nation's job producers and wealth makers. A Washington Post article explains the administration's plans to cut the budget deficit by two-thirds by the end of Obama's first (God help us) term. This is the exact recipe that led us into the Great Depression. Starving the private sector of capitol though increased taxes on business and capitol investment, especially at a time when there is no sense of restraint on the size, scope and expense of federal government will lead to massive private sector job loss.
It took a world war to drag us out of FDR's folly. What's going to do it this time?
Sunday, February 22, 2009
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