Sunday, October 17, 2010

How to Turn a Recession into a Depression

Victor Davis Hanson  "It is hard for a president to turn a recession into a long-term downturn in the United States, given the inherent resiliency of private enterprise and America’s open and free markets. But if you were to try, you might do something like the following.
"First, propose all sorts of new taxes. Float trial balloons about even more on the horizon. Subordinates should whisper about a VAT/national sales tax."....

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