12 September 2011

I Wonder if Obama has Heard of Laffer

This morning's Wall Street Journal is full of good stuff. The back page has a fairly short article by Arthur Laffer, apparently written to help the president with one of his main problems.

"Some people actually believe government can create jobs by taxing and borrowing from people with jobs and then giving that money to people without jobs. They call this demand stimulus. To make matters worse, other people think these demand-stimulus ideas warrant a serious response.
Government taxes cigarettes to stop people from smoking, not to get them to smoke. Government fines speeders so they won't speed, not to encourage them to drive faster. And yet contrary to common sense, it seems perfectly natural to some people that government would tax people who work or companies that are successful only to give ... "
But I wonder if the president ever sees or hears anything his handlers don't want him to see or hear. One would think that if everything else that has been tried has failed, one might give some thought to a totally different idea. If it didn't work he could blame it on Bush or the Republicans and if it did he could take credit for it. What's to lose?

There are some other good articles in the Monday morning edition of the WSJ.
 

No comments:

Downtown Billings in the SummerTime

Downtown Billings in the SummerTime
At The BrewPub on Broadway

Downtown Phoenix

Downtown Phoenix
Downtown Phoenix in the Winter Time

Good Cheese Here

Good Cheese Here
Vermont Cheddar & Minnesota Blue

TAKE TIME FOR PARADISE

TAKE TIME FOR PARADISE
Dehler Park, Billings MT, July 2008 This is what Bart Giamatti recommends for good mental health.

Me and Joan

Me and Joan
Early elderly and middle middle age: We May Know Something You Don't

Mrs America

Mrs America
Fortunately these girls had a good-looking mother

Rimrocks @ Billings MT

Rimrocks @ Billings MT
“In beholding old stones we may feel our anxieties about our achievements–and lack of them–slacken . . . Vast landscapes [and seascapes] can have an anxiety–reducing effect similar to ruins, for they are the representatives of infinite space, as ruins are the representatives of infinite time, against which our weak, short-lived bodies seem no less inconsequential than those of moths or spiders.”—Alain de Botton in Status Anxiety

Easter Sunday at St Patrick's Co-Cathedral

Easter Sunday at St Patrick's Co-Cathedral
12 April 2009

Pleasant Hillside at Hustisford, AKA The Grassy Knoll for you conspiracy buffs

Pleasant Hillside at Hustisford, AKA The Grassy Knoll for you conspiracy buffs
A Lot of Muellers Are Buried Here