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Townhall
Finance
As Obama Gets More Unstable, the
Economy Stabilizes, Just as
Planned
John
Ransom
Jun
11, 2013
Following
slight budget cuts and a stalemate on taxes, Standard
and Poors has upgraded the outlook for United States debt from negative
to
stable.
Thank
goodness for gridlock.
“The
U.S. has a less than one-in-three likelihood of a downgrade
in the ‘near term’ with the revision,” reports Bloomberg. “The New
York-based
company said it sees ‘tentative improvements,’ such as the deal
politicians
reached to resolve what became known as the fiscal cliff and through
spending
cuts in the Budget Control Act of 2011.”
Just
think what good would happen if the president and Congress
actually got together on something?
OK-
Strike that.
We
already know what would happen: Taxes would go up -as would
spending- and America’s credit would be downgraded promptly.
Thank
goodness for scandals.
They’ve
been the best things to happen to the U.S. economy since
Obama was elected.
Under
Reagan we got a sudden jumpstart to the economy through less
regulation, more individual choices, fewer top-down mandates. And
whether
through gridlock or scandal, hopefully we’re seeing some of that in the
economy
right now, as Washington turns it attention to blood lust and survival
and away
from bad execution of policies that were never designed to solve
problems to
begin with.
Let’s
juxtapose this new, do-nothing government, which we have
been enjoying the last few months, with the all-activist, all-the-time
government that we’ve gotten from the Democrats since 2006...
Read
the rest of the article at Townhall Finance
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