Posted By:
Ted ZanidakisWhat recession are you talking about ?
Is it the 1973 one when we had long gas lines ?
Or is it the Carter years 1977-81 when we had high inflation.....high interest rates.....and
long gas lines in 1979 ?
Tell me which one you are talking about ?
Yes, the Fed tries to control inflation; but, when the economy is disasterous as it was in the
above situations, inflation is out of control.
The only proven way to generate a "booming" economy, is to allow the people of this country
to keep more of their hard-earned money. And, you do that by reducing TAXES for everyone.
John Kennedy did this in 1962.....Ronald Reagan did this 3 times during his Presidency.....and
Geo. Bush has given us 3 TAX CUTS since he has been in office. And, every time the dynamic
of letting people spend.....invest.....or save more of their money has resulted in a prospering
economy.
Hey, this idea of cutting people's taxes is nothing new....it's at least 2400 years old. In 400 BC,
King Ptolemy V reduced the taxes of the people in his kingdom in Alexandria, Egypt. And, these
people were so overjoyed they erected a monument to honor him. How do we know this, the
Rosetta Stone tells us so.....on this monument was this famous stone Tablet.
If you don't understand this dynamic by now, then I can't help you.
TED Z