The economy

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“The fact that the market is not doing what we wish it would do is no reason to automatically assume that the government would do better.” — Thomas Sowell

“Some Democratic and Republican presidential hopefuls are preaching economic doom and gloom, disappearing middle class, and failing health care industry. What’s their solution? The short answer is give them more control over our lives.” — Walter Williams

“Every candidate who repeats the misleading nonsense that ‘47 million in America have no health care,’ ought to be challenged with hard truth. The number is grossly inflated by including millions who are here illegally and millions of others who have the means to pay for health care insurance but refuse to adjust their budget and lifestyle. And don’t expect any media type to question where in the Constitution Congress derives any authority to dispense health care.” — Janet LaRue

“We’re so used to Democrats pushing tax hikes as the answer to all of America’s problems that we were taken aback to find the following words buried in Pelosi’s release on the stimulus deal: ‘Economists estimate that each dollar of broad tax cuts leads to $1.26 in economic growth.’ Gee, that sort of sounds familiar. It’s almost, though not quite, like what the much-reviled supply-side economists have been saying for, oh, 30 years or so. Pelosi, and other Democrats now suddenly touting tax cuts, may be on to something. We might demur on the notion that all tax cuts must be ‘broad’ to be effective. Evidence really lies more strongly with giving tax cuts to those who would start new businesses or expand old ones. But it’s refreshing to hear a Democrat admit the obvious—that tax cuts work. It’s no secret that high tax rates act as a deadweight on the economy by creating absolute losses from which no one gains. Martin Feldstein, head of the National Bureau of Economic Research, estimates that a $1 tax hike costs the economy 76 cents in output. That explains why the economy jumps each time there’s a tax cut.” — Investor’s Business Daily