President John Fitzgerald Kennedy, a Democratic Icon, had a choice to make during hard times and his choice: tax cuts:
"The worst deficit comes from a recession and if we can take the proper actions at the proper time, this can be the most important step we can take to prevent another recession. That is the right time for a tax cut. A creative tax cut, creating more jobs and income and eventually more revenue. Across the board top to bottom in both corporate and personal income taxes. The billions of dollars it will place in the hands of the consumers and our businessmen will have both immediate and permanent benefits to our economy. Every dollar released from taxation will help create a new job and new salary. These new jobs and new salaries and other new jobs and salaries. And more customers and more growth for an expanding American economy."WOW, quite a different approach from Barack Obaama, isn't it? Sounds like Ronald Reagan ... but the Democrats and Liberals couldn't stop (and still don't today) criticizing this as "trickle down" economics. In fact, Barack Obama did in his Convention speech.
"For over two decades, [McCain] subscribed to that old, discredited Republican philosophy - give more and more to those with the most and hope that prosperity trickles down to everyone else."Problem is, it's not a Republican Philosophy Mr. Obama! Your porkapalooza DEMOCRATIC spendulus plan is yours and yours alone. When it doesn't work, and it won't, don't try and revise history and make this a bipartisan plan. The only bipartisanship was against your pork fest!