Tag Archives: the Democrat depression

The Democrat Depression, Part Deux

Wonder why we’re enduring a now 6-year jobless recovery and very likely even worse to come? Part of it, according to a new international tally, is because we are close to the worst among industrialized nations in our tax burden on business: 32nd out of 34. Only better than Portugal and France.

“Since capital is mobile and businesses can choose where to invest, tax rates that are too high ‘drive investment elsewhere, leading to slower economic growth,’ as the Tax Foundation puts it.” Simple, really. Econ 101.

But don’t expect the Democrats to admit it. They love to tax. At least you can enjoy their rhetoric, if you don’t look behind the curtain. They’ll babble on about income inequality and how they’re going to punish those nasty one percenters who’re taking their investments elsewhere.

Feel better? They hope so. While always keeping their hands out under the table.

Via WSJ.

Thank Big Oil

Still able to buy gas for the vehicle and put groceries on your table in the continuing Democrat Depression? Thank Big Oil.

The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said….

“’The U.S. increase in supply is a very meaningful chunk of oil,’ Francisco Blanch, the bank’s head of commodities research, said…. ‘The shale boom is playing a key role in the U.S. recovery. If the U.S. didn’t have this energy supply, prices at the pump would be completely unaffordable.’”

The “nation’s economic recovery,” is a little economist’s joke, based on the statistical lies the feds tell. Ninety-two million Americans out of work is not a recovery.