In response to:

Is America Headed Into An Intentional Recession?

johnm h Wrote: Dec 09, 2012 10:48 AM
That is why they won't allow a recession, just stagnation as they continue to take over the economy through regulations. The expiration of the Bush rates won't cause a recession. The Bush cuts were dumb and unnecessary because recession was the result of over investment in the internet and a one time shock, both of which would be self correcting. Bush cut lower brackets which just reduced revenue and changed the political calculation without stimulating the economy. The cuts on upper brackets probably had some effect but they were minor and restoring them won’t help the economy but won’t hurt much either. Restoring the lower brackets will raise revenue but not harm the economy. But Obama will then call for their reduction.

“Mah fellow Americans, inflayshun is ow-uh friend…”

If you can pronounce the phonetic wording above – and if it sounds vaguely familiar – then for better or worse you probably grew up watching “Saturday Night Live” like I did. The line comes from a late 1970’s skit wherein funny guy Dan Aykroyd was impersonating President Jimmy Carter.

During his one term as President, Carter addressed the nation numerous times to try and quell people’s fears about inflation, the economic malady that defined the era. During those years, Carter announced several anti-inflation policy measures. He urged Americans to “tighten their belts”...