In Greg Easterbrook's article, "How to fix the flatline economy," he state that Republicans want to cut taxes for the rich and the Democrats want more governemt spending.
I agree with Mr. Easterbrook, if tax cuts were tried, three times before, and failed, why would it work this time? He talks about stimulus spending and how that didn't work either. I find it mind boggling that to stimulate the economy we must increase the supply of money. Isn't this called counterfeiting? Same solutions, same results, and want to try it again--insanity.
So what is the solution? Mr. Easterbrook says, "Optimism." At first it sounds absurd. But I agree that if leaders of this country would put aside the bickering and work together to come up with a solution the public might be more optimistic about spending. With the public display of childish behavior from our leaders it exudes pessimism.
Mr. Easterbrook goes on to talk about the troubled economy, according to Jeremy Rifkin, could be due to the price of oil. If this is the case, why aren't we drilling here?
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