Yeah! What he said! Only directed at President Obama and Congress. “You can not spend your way out of recession or borrow your way out of debt.” This is a must see video. This Dan Hannan guy excellently expressed what most people in America are thinking about their own government.
H/T to Richard Willis’s Blog
Watch Dan Hannan, European Parliament South East Region Conservative MEP publicly ripped Gordon Brown’s economic arguments to shreds in a far more eloquent way than I could ever manage.
‘The President Of The World’ is beginning to lose favor with the European Union over the Porkulus Bill, also called the $787 B Stimulus Bill.
The president of the European Union Wednesday lambasted President Obama’s costly economic recovery program as “the way to hell.”
Czech Prime Minister Mirek Topolánek, whose country holds the rotating EU presidency, criticized the $787 billion U.S. stimulus program in unusually sharp comments that highlighted a continuing divide between Europe and the U.S. on crisis-fighting steps. Topolánek said the U.S. was repeating mistakes it made during the Great Depression when it ramped up government spending, and said Washington’s errors would boomerang on Europe.
Who knows socialism better than the EU?
European leaders have resisted U.S. calls for more government pump-priming, fearing the effects of swollen budget deficits. The IMF says the collective stimulus measures being enacted by G20 nations “fall well short of the 2% of GDP recommended by the Fund, especially in 2010.”
Try out the calculator online and see how your income would change without having to do a thing. On its own, the FairTax is fundamentally, economically, stimulative.