Sunday, November 07, 2010

It's the economy, stupid!

Well, that was certainly interesting. Over 60 seats in the house and 6 solid senate seats gained. Add to it a historic number of state houses and governors just in time for redistricting. Any why did things so badly turn out for the party in power? Let me paint a picture.
While the past Republican administrations/congresses weren't exactly the model of restraint, the for went down on the gas in 2009 and they haven't let up.  This is what some on the left just can't understand, we see this and are scared. Debt is being piled up at a rate that belies common sense, and it would be something if we had something to show for it but 850 billion in stimulus and the unemployment rate hovers around 9.6%, growth around 2%. We're going to need something to kick it into high gear and government can't directly provide it, they can only create drag. 

The new congress needs to
  1. Make certain the tax rates are extended, permanently if at all possible.
  2. Issue a round of new tax cuts, things like the corporate tax rate (which is only passed on to consumers anyway) and capital-gains
When tax cuts do get the economy going again, shout it from the mountaintops. Need to drive a steak in the heat of liberal economic policy so that next time someone suggests we can spend our way to prosperity that they are laughed at and chased from the public stage before they do more damage.

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