Has Harry Reid lost his mind?

[jem]

1. First all this is a funny thread to pop up today... considering the economy shrank 1% last quarter.

2. what is really funny is that convertibility talks of physics majors. lets review this.
the article spoke of private sector employment and convertibility makes a cracks about brain power and posts a public sector employment chart.

3. Finally, to the leftists who think they understand economics lets go back to keynes.
When you have a spending problem and misallocation of resources... you don't fix it by spending more on crap. Each govt dollars becomes less and less useful. You do what Keynes stated and you cut taxes.

 

[jem]

http://www.nationalreview.com/article/367682/trickle-down-lie-thomas-sowell


In his 1919 address to Congress, Woodrow Wilson warned that, at some point, “high rates of income and profits taxes discourage energy, remove the incentive to new enterprise, encourage extravagant expenditures, and produce industrial stagnation with consequent unemployment and other attendant evils.”

In a 1962 address to Congress, John F. Kennedy said, “it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now.”

This was not a new idea. John Maynard Keynes said, back in 1933, that “taxation may be so high as to defeat its object,” that in the long run, a reduction of the tax rate “will run a better chance, than an increase, of balancing the budget.” And Keynes was not on “the far right” either.

 

[jem]

there is one good thing coming out of obama dangerous foreign policy...

its looks like every net private sector job came about because of energy.
in the other sectors think how many full times jobs must have been replaced by part time jobs considering the growth in part time jobs.

 

[jem]

In the two years Reid and President Obama have controlled Washington, government jobs have increased 13.5 percent to 2.1 million.

During that same time, 2.5 million private-sector jobs were lost.

now lets look at the chart from 2008 to 2010... and what do you see.
public sector jobs up... private sector down.
(convertibility chart shows that also.)