Friday, February 12, 2010

THE FREEDOM POST: Larry Summers Says Raising Taxes Creates Jobs

THE FREEDOM POST: Larry Summers Says Raising Taxes Creates Jobs:

It's no wonder the economy is in the tank. How can taking more money from American families and businesses (also know as the productive, private sector), and giving it to government bureaucrats (also known as the unproductive, wasteful, 'rat-hole' sector), create jobs? This is almost as ridiculous as Obama's V. P., Joe Biden, saying that 'we have to go spend money to keep from going bankrupt'.
On February 9th, Obama's senior economics adviser, Larry Summers, appeared on FOX Business to discuss the President Obama’s economic plan, which includes future tax increases, record spending, and record deficits (even after accounting for the tax increase which is very disturbing in itself). Summers, contending that increased taxes reduces unemployment said, “Almost all economists who studied these things have that kind of view.” He can't be serious, can he?"

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