The Anti-Stimulus In Pictures: Any Questions?
posted at 7:39 pm on July 19, 2009 by directorblue
That the Democrats’ “Stimulus Package” would fail — utterly and completely — was easy to predict. Consider the following unemployment charts, courtesy of the Bureau of Labor Statistics and Encarta, which were modified to include major alterations in government tax or spending policy.
In February of 1964, President Lyndon Baines Johnson — a Democrat — signed the “JFK Tax Cuts” into law. Upon executing the cuts, Johnson stated:
There is no asset more precious to freedom. There is no guarantee more vital to liberty and a robust American economy. No one can bury us or bluff us or beat us so long as our economy remains strong. No economic system anywhere has ever had the success of the American economy by placing maximum reliance on the initiative and the creative energies of individual businessman and workers we have created here in our land, the most prosperous nation in the history of the world.
Kennedy and Johnson sounded more like modern conservative pundits than today’s Marxist-in-Chief.
They would be pariahs in the modern Democrat Party.
Cross-posted at: Doug Ross @ Journal. Sources: Dates of Reagan Tax Cuts, 1901-1932: The Income Tax Arrives and Remember the Bush Tax Cuts This Labor Day.