Tom in CT
2008-02-14 11:19:07
I agree with Ten. Somehow we now have a keynesian policy masked under tax cuts and rebate checks. After Reagan made huge tax cuts and took us away from the era of high taxes and heavy regulation, the republicans became the “good economy” party. Now they feel the need to intervene in the economy too much. Let some people foreclose. Let some people go chapter 11. Let other people who can afford it, buy the assets at a cheaper price. This is the USA. This is capitalism. We need to get back to tough love. Of course, this won’t get anybody elected in the near future.
