Wednesday, February 10, 2010

Arthur Laffer on the Obama Economy

SEE HERE My dad used to say that it is just as hard to be always wrong as to be always right. So it sure looks like Obama has been working hard in all the wrong directions. "Obama, Laffer says, is wrong on every single issue, is unrealistic, lacks experience and is causing a lot of damage to the economy." That takes talent, unfortunately not the kind we need. We should ship him to China.

The picture of Laffer with his famous curve, the Laffer Curve goes back quite a few years probably to the time frame of Reagan's election. Something like the Laffer Curve has to be the reason that you can often cut taxes and see revenue rise.

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