Obama’s implied tax and subsidy penalties for success are so high that it won’t be worth a lower-income person’s effort to try to climb up the income ladder.
Heartland Senior Fellow Benjamin Domenech was a guest Wednesday night on “All In with Chris Hayes” on MSNBC. Ben is rare among people who go on TV to talk: He actually endeavors to answer the questions he’s asked.
If Obama truly wanted to “create jobs and opportunities for the middle class,” he could tell the U.S. Forest Service (USFS) to work with—instead of against—those ready to risk their capital in the development of our natural resources and create jobs.
A common fallacy is that the Great Depression was ended by the explosive spending of World War II. But World War II actually institutionalized the sharp decline in the standard of living caused by the Depression.
The dramatic contrast between the results of Obama’s policies and Reagan’s policies have already resolved the debate our current president is having talking to himself on his “economic tour.”