Chas Wiebe: GOP economic plan preferable to Obama’s
July 6, 2011
To the Editor:
If ever there was a reason to bring back the comments section, it is Felicia Muftic’s column about trickle down economics.
We as a nation are feeling the extreme pain of the Democratic Party’s progressive liberal version of “trickle down economics.” In their version, the money is confiscated by the government through the collection of excessive taxes, funneling it through Obama’s czars, squeezing it through Congress, scattering it around through the public employee and teacher’s unions, confiscating stock and bond holders of GM and turning over a large portion of GM to the unions, flagrantly and illegally passing the health care bill.
They do this while ignoring states rights, hiring over 600,000 government workers, which by the way will receive promises of entitlements we cannot fund. They stifle business with overly zealous regulators like the NLRB and EPA, flooding our country with $8,500 tax credits to buy a home, $5,000 for cash for clunkers, irresponsible extension of unemployment benefits to 96 weeks, taxing international companies at 35 percent on overseas profits, destroying the domestic oil industry, and having the General Electric head be the jobs czar when, by the way, GE paid no taxes. Whew, that’s a lot just for a paragraph or two.
Now, about Reagan. Yes he did hire according to Mrs. Muftic 66,000 people but let us not forget, 13,000 of those were to replace the 13,000 air traffic controllers that he fired for striking illegally . Oh, and by the way , he did spend a lot, but didn’t the Cold War end?
Wasn’t the technological revolution started during his years? Oh I forgot, Clinton gets that credit according to the Democrats.
I must say, I’m amazed at the ignorance of people who don’t understand the effects of the Republican “trickle down effect,” especially by people in Grand County. The whole economy of Grand county depends on the trickle down effect, unless you work for a government agency or the school district.
As a small business owner who has NEVER laid off an employee, even in these tough times, but has seen my income greatly reduced, I’ll take the Republican trickle down theory: At least maybe I’ll be able to take something to the bank.
St. Louis, Mo.