The Economy Is Moving in the Wrong Direction

In an article by Lawrence Kudlow from Saturday Aug 7, he discusses the possibility that the Democrats controlling Congress will panic and may try to make something happen on the economic front before summer's end.

"Of course, Republicans will push harder to keep the Bush tax cuts for the wealthy - as they should. But Democrats are now trapped by Treasury man Tim Geithner's statements that extending low tax rates for successful earners, investors, and small businesses would actually imperil economic recovery. This is his war against investment and capital formation.

Maybe the Democratic revolt in favor of keeping all the Bush tax cuts will gather steam. But Democrats are more likely to push for greater spending than investment tax incentives. They'd rather take your money than let you keep it."

Remember this come November.

No more Democrats. Ever again. In my life.

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