I believe the average 7th grader would easily recognize the inherent absurdity of such a question. However, the average economic writer does not understand what the average 7th grader does.
Unlike my other so-called conservative brethren, such as Lindsey Graham, Bob Corker, and Saxby Chambliss, I have a very simple solution that both President Obama and John Boehner should be able to live with: Reduce the taxes on corporations and raise the taxes on corporations.
Sheep and chickens. That's what America's greatest corporations have become.
Until 1977, there was no country that criminalized the practice of bribery abroad. But that year, President Jimmy Carter signed a law making the United States the very first. In due course, this measure eliminated corruption from every nation where our corporations operate.
US REPRESENTATIVE JIM MCGOVERN, a Worcester Democrat, generated some unwanted controversy two years ago when he publicly declared: "The Constitution is wrong."
America, with its constitutionally protected freedoms and entrepreneurial spirit, has generated prosperity at a level which is unique to the human experience.
Goldman Sachs executive Greg Smith made headlines last week with a public letter of resignation from the legendary firm. Smith's letter chronicled the ethical decline that led to his departure, and has sparked renewed interest in the culture of unmitigated greed that animates the world of high finance.
Instead of listening to the platitudes of each side, it might be better to delve into the data. “Money talks and BS walks” as they say.
We knew this was coming. In fact, in the first year of the Obama administration, I focused on this very issue. Now it has risen to the level of potential reality. The Obama administration is ready to launch its assault on corporate America in a manner that will extend its current attack on individuals and small businesses to the entire economy.