Reaganomics!

Stimulus Plan by Mark Levin
1) Send every member of Congress on a 6 month junket
2) Cut the federal bureaucracy by 20 percent
3) Shut down the Departments of:
a. Energy - which produces no energy
b. Education - which produces illiteracy
c. Commerce - which interferes with commerce
4) Limit the amount of taxation that the central government can impose on the people
5) Eliminate progressive income tax and implement a flat tax or a national sales tax

The concept of supply side economics is based on the principle that the productive sector of our economy (aka business) produces wealth, food, energy, transportation, housing, employment, and technological advances; to say nothing of its investment in plant and equipment, education and training, research and development, and every other important aspect necessary for the growth of a nation.

Our nation was founded on these ideas, and interestingly enough the father of modern economics, Adam Smith, who wrote The Wealth of Nations did so in the same year, 1776, as Thomas Jefferson wrote the Declaration of Independence.

In the midst of the last major recession, 1981-1982, Ronald Reagan put into play the principles of Smith and other like minds, and it brought about the greatest economic expansion in the history of the world. Consequently, many of my generation --who have never known anything different-- fall prey to ignoring what got us to where we are and not knowing where our prosperity comes from. Too many are uneducated in matters of simple economics, and they are susceptible to being deceived and mislead by malcontents with evil designs for our nation.

Right now, what will save our embattled nation is a return to the principles of our founding, which we have not seen now for over two decades. Viva Reagonomics!

I just found a great article from yesterday's WSJ: Reaganomics vs. Obamanomics