Persistent in Their Idiocy

I should be used to this by now, but I must confess that I was awe-struck by the absolute idiocy of George Stephanopoulos and Paul Krugman. Unemployment is growing. There is no sign whatsoever that the stimulus did anything to our country’s economic bottom line. China’s economy is growing. So is India’s. Germany’s unemployment is down and is now around 7.5%. Other countries are coming out of the recession as we sink into depression. It’s a replay of the 1930s where FDR’s policies dug our hole deeper as other countries around the world were recovering. (In 1938, European nations averaged 12% unemployment while US unemployment was stuck at around 20%.) In the face of all that, these two leftists spent 4 1/2 minutes today discussing how the country needs more government stimulus spending. Krugman said, “Stimulus has worked when it was tried. But it was obvious from the beginning that it was too small.” And Stephanopoulos didn’t challenge him on that. So enamored with their ideology, these people are incapable of confronting reality.

Let me focus on one specific that came up in this interview. I am struck by how blind commentators on the left choose to be on the issue of the effect of tax cuts on federal revenue. It has been demonstrated over and over again that when tax rates are oppressive, that cutting taxes actually increases the amount of revenue coming into the federal government. The tax cuts enacted in 1945 spurred the economic growth that ended the Great Depression and resulted, before the end of the decade, in greater revenue than the government had received during the war. Reagan’s tax cuts also ended a recession and caused huge increases in federal revenue. The same with Bush’s tax cuts.

Some Republicans have mentioned this in discussions on the issue, but the minds of Statists have been impervious to the thought and I have noticed how, in response, they act as if these statements were never said. I think the reason is that they find this little factoid to be extremely threatening. It totally undermines their ideology.

Conservatives, take a clue at their choice to be totally deaf to this information and drive the point home. I think some non-profit group should take up the cause and blanket the airwaves with ads explaining this fact to the American people. When we have oppressive tax rates like we now have, where the government takes as much as half of the product of the labor of some people, tax cuts spur economic growth so profoundly that they actually increase government revenue.

About mesasmiles

By Dr. David Hall. Dr. Hall runs Infinity Dental Web, a small company that does Internet marketing for dentists. He has had a long-standing interest in politics and as a college student toyed with the idea of a political career.
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