Friday, April 18, 2008
Free market in peril
The lessons we relearned in the 1980s namely that lower taxes and greater economic freedom brought boundless economic opportunity and increased wealth are in peril. Politicians on the left, namely Barack Obama and Hillary Clinton, talk of tax and spend policies, forgetting that it is our hard earned money they are taxing and spending. Such policies, if enacted as a result of electing either one of them to the White House, create a society of dependency. A liberal dominated White House and Congress are hostile to a free market. What's even more hostile are the leftist organizations and individuals that many members of Congress feel beholden to. Such a majority will raise taxes, increase regulation, and hand over parts of our economy to international bodies. We are in real danger that the politicians we elect next cycle do not understand the lessons we learned back in the 1980s and will take us back to a time of high unemployment, high inflation, and high interest rates.
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