I go back to Art Laffer’s four prosperity killers:WE WILL RECOVER UNTIL AROUND JANUARY - THEN DIP RIGHT BACK INTO ANOTHER RECESSION BECAUSE OF OBAMA - UNLESS THE GOP IS LEADING IN THE POLLS FOR 2010.
- higher tax rates,
- and trade protectionism.
[UNDER OBAMA] You can put a check mark next to each box.
... economic policies appear to be moving in the wrong direction. We will get an economic recovery. And there’s a pretty good short-term stock market rally in the cards. But you just have to wonder where all this is leading.
... we should stabilize the dollar, slash the corporate tax rate, and declare a two-year capital-gains tax holiday.
Instead, top marginal tax rates are going up and the dollar’s going down. It can’t be a good thing.