Sunday, July 12, 2009

The supply-side case against Obama

In his "War Against Producers", Victor Davis Hanson makes the supply-side case against Obamonomics:
And that means rippling throughout this key sector of the economy — even before these taxes have been enacted — are hesitation, stasis, and ultimately constriction — at first for psychological reasons, soon confirmed by the actual facts of less money. In short, very bright people will be thinking how to hide income, how to barter, how to slow down and not produce goods and services, rather than blast full speed ahead and enrich angry others.

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