Thursday, February 12, 2009
Chicken Little, your services are requested.
Whew! If we listen to the "Hope and Change" President, we would think economic disaster is waiting in the wings and will strike any minute. (Where's the hope in that?) So let's act now and not worry about the debt we leave to our great-great grandchildren. (Where's the change in that practice? It sound's like the last economic act of the previous president.) In the 1980s, we had Reaganomics, which GHW Bush dubbed as “Voodoo Economics”. This was followed by Bush’s “Read-my-lips-onomics”, in which he promised not to raise taxes, but did anyway. (Granted the Democrats in Congress convinced him they would cut spending if he raised taxes, but they typically did not follow through.) Then we had the socialistic ideas of Clintonomics in the 1990s. For the last eight years, we have been through the cut-taxes-but-increase-spending debacle of Dubyanomics. So, now that the new president got his plan through with dooms-day, the-sky-is-falling rhetoric about the whole economy collapsing, can we call Obamanomics “Chicken Little Economics”?