Monday, September 10, 2007

Wall Street Journal Op-ed: Congress and Recession

For some reason this makes me think of the bad sitcom, "Married with Children." Love and Marriage, Love and Marriage............ is how the opening song started. So here it is..........my song writing debut-- Congress and recession, Congress and recession---goes together like a gun and depression----Oh I tell you brother.

The economy is good (mainly), but you can't just do anything in Congress and believe there will not be any effect in the economy. However, as stated in the Wall Street Journal, the current congress has put a stop to all pro-growth economic policies. This is my favorite quote from the article,

"On fiscal policy, Democrats have proposed or discussed raising taxes on cigarettes, oil and gas companies, hedge funds, private equity, capital gains, dividends, the U.S. subsidiaries of foreign companies, and individuals eaning more than $500,000 a year (which includes millions of small businesses filing under Subchapter S). Add the promise of every Democratic Presidential candidate to repeal the Bush tax cuts if he or she wins in 2008, and no wonder investors are growing more cautious."


My only real question- Who is going to stop the madness? (The article asks this question as well)

It is very easy to point the finger, but someone must also verbalize the problem.........and oh yeah, provide the answer (for those of you trying to follow, but not quite there.....Answer= keep with the pro-growth stuff). Not easy to do in a 30 second sound bite, but if I can.......... The current Congress has stopped pro-growth policy.....scareing off investors and driving our economy closer to bad/evil/awful/deep/long/devastating recession and we must stop them. We need to restore faith in the economy by restoring pro-growth policies that encourage wealth and prosperity for all.................wow, harder than I thought (not).....someone in the place to speak up can as well.

Who is going to come out and say it? I would hold my breath, but I don't want to pass out.

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