Politics Creates Recession Threat

It appears to this Herald reader that economic recession has replaced Iraq as the lead story and crisis du jour. Recession, as defined, calls for two consecutive quarters reflecting no growth. To date, we are not close to seeing the data which would define recession…it is being defined by this being an election year.

The economic downturn began early in 2007 following the Democrat party taking over the halls of Congress. We hear from Charles Rangel (D-N.Y.), Mrs. William Jefferson Clinton (D-N.Y.), and Illinois Sen. Barak H. Obama (D-Ill.) of their clear and constant threat to raise income taxes Raise capital gains taxes. Regulate business in America. Raise the corporate tax rate in America. All these collective threats have panicked the nation’s financial markets. The pending cash payments to citizens will fuel inflation and further erode the value of the dollar.

A true economic stimulus requires long range planning. Our corporate tax rate should be reduced to be more in concert with the European Union. This would help keep jobs in the United States instead of fleeing our shores. Capital gains tax should be eliminated, as we would then follow the path of the vaunted French nation which seems to make our left wing quiver with delight. The NAFTA treaty, which President Clinton signed, should be revisited. This has caused thousands of job losses and they will be very hard to restructure and replace.

We are born with our God-given right to life. We are obligated to do no harm to one another, indeed to help those who are truly in need. There is no right to universal auto insurance, universal pet neutering, nor universal health insurance.

Our model is a free capitalist republic…Not a socialist workers paradise.

John Honymar

Randolph

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