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Reality Intrudes

Running some errands yesterday, I was amused at the ubiquity of "help wanted" signs. The demand for labor exceeds even that of the late nineties dot.com era--largely because it is far more broadly based. A good friend of mine sells steel--about as mundane a product as you can imagine, but the demand is just ridiculous and his company is running at capacity.

With the anecdotal evidence before me everyday, its little surprise to read Larry Kudlow's column informing us that since the Bush tax cut was passed, 11 quarters ago, the U.S. economy has expanded by 20%

Twenty Percent!!!!


In less than three years, the U.S. economic pie has expanded by $2.2 trillion, an output add-on that is roughly the same size as the total Chinese economy, and much larger than the total economic size of nations like India, Mexico, Ireland, and Belgium.

The drive-by media and Democrat hacks continue to find economic clouds in the silver lining, but the reality is that by every significant measure, we are kicking the doors off economic growth.

So how can the liberal-left still oppose low taxes?

Oh, I'll let you explore their talking points on this subject rather than risk being accused of "misrepresenting" the liberal-left position. Nevertheless, the bottom line for liberals is a puerile definition of "fairness", which like for any five year old, means that whatever doesn't favor them is by definition--unfair. The macroeconomic effect, as demonstrated by every socialist "paradise" in the world, is anemic economic growth, high unemployment, high prices, poverty, illness, environmental degradation and a laundry list of other social ills.

Frankly, the whole "fairness" issue is just one more head fake--the most devout liberals are millionaires and billionaires with fleets of accountants protecting their asses, er-r-r assets. The reason for their support of socialist economic policy is answered by the question of who threatens them.

Certainly not high-taxes.

I've got pictures of the parking lots in Monaco which would blow your mind--not one car under 100K in the entire lot. In high-tax Europe, how can this be? Well, even socialist countries have to perform lip service to job creation, and that means preferential tax treatment to business investment. I can hear the cogs turning--yes, rich people in Europe or in Canada pay no more taxes than Theresa Heinz-Kerry does because they've struck a deal with the government that insures that their stash is exempted from the very policies they insist should be applied to everyone else.

What the very rich are most afraid of is asymetric economic warfare--basically ambitious, smart and driven people with a better idea that could wipe out their fortunes overnight. Low taxes and consequent business investment (expanded 37% since the Bush tax cuts) keep rich liberals awake at night, because it means their buggy whip business--the foundation of their vast fortune, is at risk. Socialism does two great things for rich liberals--it beggars the "economic terrorist class" and consequently, forces them to come to rich liberals for start-up capital. How great is that? Not only does socialism forestall the threat, but it actually enhances their fortunes by making certain that they get a piece of any promising business models that may spring up.

Perhaps no other aspect of the Democrat party alienates me more than they way they callously exploit the poor and middle classes and even though we might take it for granted, the economic policies of the Bush administration, and by extension the Republican party, are the single greatest reason to support them in the coming elections.

Everybody likes to visit Europe, but nobody (except the very rich) want to live there. Swedes have an inferior standard of living to African-Americans in spite of their vaunted social-welfare system, but if you want the same for yourself and your children, by all means vote Democrat this fall. If not, then hold your nose and vote for Rick Santorum or whatever other wacko the primary process has foisted on you.

Its more important that you could possibly realize.

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