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Monday, February 9, 2009
Stimulus: What Did Reagan Do?
By Willes Lee @ 4:30 PM :: 3054 Views

By Willes K. Lee, Chairman, Hawaii Republican Party

As the so-called “Stimulus Package” approaches a $ Trillion plus change (or roughly the GNP of India), perhaps President Obama should look at what President Reagan did when he inherited the sick Carter economy in 1981.

Reagan cut taxes substantially and the country rocketed out of the mess creating 20 million new jobs and doubling tax revenues.

Giving a bank or bureaucrat money to loan or spend is a circuitous route to getting money into the economy. Cut everyone’s taxes and make them permanent cuts until we get well out of this mess. That’s the “Stimulus” that worked for President Reagan and it will work for President Obama.

P.S. And didn’t candidate Obama promise a tax-cut for 95% of all Americans.

Now’s the time to make good on it and get the economy moving again.

RELATED: Bailout now totals $9.7 Trillion

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