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It is common knowledge that the Kennedy, Reagan, and Bush (43) tax cuts spurred the economy back into shape. By contrast, the FDR spendfest in the 1930’s, as well as attempts in Japan and Argentina to spend their way out of recessions did nothing. These are proven (and disproven) models. Obama’s combination of mega-spending and welfare payments tax rebates to people who don’t pay taxes (as opposed to cuts in the tax rate), are a double-whammy of pure Socialist folly.
