Obama's Tax Policy Will Revive the Jimmy Carter Economy

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How does this theory account for the growth and prosperity of the 50's and 60's with much higher tax rates? The rate was 91% under Eisenhower. Would appreciate an explanation.

greg of NY 4:30PM January 11, 2010

So you were wrong before and you want us to believe you now? You haven't established a good track record.

Jay of TN 9:33PM April 17, 2009

You all know Carter's tactics led to higher interest rates to stem the dollars worthlessness. If you look at Barry Soetoro's (aka Barack Obama) spending in just the first months, the dollar has to be near the breaking point. Then we will see inflation and hopefully not the hyper kind.
Besides, who knew Justice Roberts would accept the briefs filed on the Taitz eligibility challenge to Barry this past Thursday in Montana. Maybe we will be looking at a president Biden in the near future and the economy will be his mess.

Jeff of WI 7:38AM March 15, 2009

was not so bad. Up and down cycles, yes.
But manufacturing was still here then, unions were alive, and CEOs only made 25 times the average worker's salary (BECAUSE we had high taxes at the high end.)
Truth be known, if Carter had only bombed the heck out of Iranian oil fields in response to the hostage crisis, he would have been re-elected with Mondale probably following. We could have skipped Reagan and all the destruction wrought since by errant Republican philosophy, including the unfortunate bubbles in stocks and homes.

Muser of NM 4:50PM March 12, 2009

If the Carter economy was what we are in for. We could endure.
What's happening now is quite different. Once you have allowed the government to control and manipulate and regulate banking, determine what type of business shall be deemed worthy of support, and created a majority of dependent citizens, we've virtually destroyed any remnant of a free market economy,
Nobody will remember what that is.
Obama does not believe in anything. He opens up the leftists playbook and says let's to that, I'll talk it and then if it backfires I'll say something else next week. And then go on to the next thing in the playbook. He's a 50-year-old man-boy playing at being president. He has no focus, no foundation of thought. He does the easiest thing like someone with ADD. But it's looking a lot like Marxism. Given the people with whom he surrounded himself (Harvard, Columbia University??, Ayers, Wright, Chicago thugs, etc.), no surprise.
America is suddenly lost but doesn't realized it. Thinks its going to recognize the landscape just over the next hill, but it will only be further from home. It appears we have no ability to save ourselves.

casper of NH 5:34PM March 11, 2009

This means double digit
inflation, interest rate, and unemployment
This is not change it's just revisiting the past fail policies.
Great Job Obamanation!

Larry of CA 1:59PM March 11, 2009

This points up the real difference between Clinton, Carter and Obama. Carter was a true believer. He actually believed in the ideology of the left and was willing to bet his political fortunes on it. In a sense, that is admirable. Clinton believed in his own polls numbers and survival and was willing to do what it took to remain popular enough to win the next election. Where does Obama sit on this spectrum? I am not sure. When he was busy throwing Jeremiah Wright under the bus (not to mention anyone else who was deemed a liability) I thought he was just another Clinton. He seems to confirm this with his perpetual campaign mode and defaulting back to campaign strategy and style to solve problems. But when you look at his budget and his priorities, he seems to be more of a hard left idealogue. Thirty years ago (or even 15 years ago) that was a recipe for electoral backlash. Maybe it still is. We will see. For better or worse, Obama owns this economy now. And if it is still going sideways in 20 months, the Democratic party will pay at the polls.

Steve of TX 1:53PM March 11, 2009