It's certainly not President Obama for whom "investment in the future" means "tax-and-spend." Actually, that's not fair to the President. His style is to SPEND first, and tax later. (Can't you see his reelection campaign slogan now?: "Spend-and-Tax--A Change Liberals Can Believe In!") If you guessed President Kennedy, you are absolutely right. He was a supply sider before there was a term for it. The media has been working even harder than usual to link the two presidents in the public's consciousness. But, there are substantive differences between them as the quotation above attests. Their similarities are superficial. For instance, both were blessed with charisma, and both are gifted orators. But, JFK had class. BHO has style. Noman says that the difference is one of kind, rather than degree.
Wednesday, February 16, 2011
Can You Guess Which President Said This?
It's certainly not President Obama for whom "investment in the future" means "tax-and-spend." Actually, that's not fair to the President. His style is to SPEND first, and tax later. (Can't you see his reelection campaign slogan now?: "Spend-and-Tax--A Change Liberals Can Believe In!") If you guessed President Kennedy, you are absolutely right. He was a supply sider before there was a term for it. The media has been working even harder than usual to link the two presidents in the public's consciousness. But, there are substantive differences between them as the quotation above attests. Their similarities are superficial. For instance, both were blessed with charisma, and both are gifted orators. But, JFK had class. BHO has style. Noman says that the difference is one of kind, rather than degree.
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Economic Policy
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