As the Bush Recession deepens, President Bush meets with his “plunge protection team” to try to stave off the inevitable.
There is talk of a one-time tax cut of $500, but what they actually mean is another spending program.
The economic damage, to housing and other sectors, was done during the Fed’s artificial boom. The damage is now being revealed. What do do?
Cut spending; cut regulations; cut inflation; and cut taxes as spending is cut. No more deficits and no more inflation.
Such a program would mean a quick return to normalcy. Instead, the regime will do everything wrong, and deepen and lengthen the recession, and make more innocent people pay for more bailouts of Wall Street and the big banks.
Worried about the recession, the dollar crisis, and worse–possibly much worse–ahead? Ron Paul. (Thanks to MD.)
4:55 pm on January 5, 2008
