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December 15, 2009
Many a truth are in an obituary
From the New York Times obituary of Paul Samuelson
After the 1960 election, he told the young president-elect that the nation was heading into a recession and that Kennedy should push through a tax cut to head it off. Kennedy was shocked.
"I've just campaigned on a platform of fiscal responsibility and balanced budgets and here you are telling me that the first thing I should do in office is to cut taxes?" Mr. Samuelson recalled, quoting the president.
Kennedy eventually accepted the professor's advice and signaled his willingness to cut taxes, but he was assassinated before he could take action. His successor, Lyndon B. Johnson, carried out the plan, however, and the economy bounced back.
Hmm, tax cuts stimulate the economy ... that's not a sentiment that's often seen on the editorial pages of the Times.
Posted by SoccerDad at December 15, 2009 12:33 AM
Hezbollah in passive voice
A cynical and mistrusted offer
Wapo: peace process succeeding because of the great work of the administration
Council speak 100610
Nyt: peace process failing despite the great work of the administration
Do we have enough regulations yet?
Iranian General: "US, Mossad played roles in 9/11 event"
Absolving arafat, ten years later
Rahm can't run? antisemites!
The politics of peace
The Democrats are looking at a political disaster next year but are pushing ahead with higher taxes, more regulations and piling on the national debt. They have benefited from the past decade of the Clinton brand of a fiscally conservative and socially tolerant party but their Hard Left excesses are likely to wipe out those benefits. They should change course but they won't and 2010 is going to put Democrats at a disadvantage with added blows to the economy stemming from their policies and an unpopular President on the ballot. Its one thing to run against Bush. Its another thing to run with an Obama people also detest.
What comes around goes around.
Posted by: NormanF at December 15, 2009 8:50 AM