moderatesforamerica.org Blog

June 12, 2010

What Are We Headed For….A Double Dip???

Filed under: Uncategorized — Administrator @ 1:49 pm

Good Morning Moderates for America!

It’s been a little while since my last posting, and obviously there has been alot going on. 

I want to focus this posting on an article I recently read in the editorial section of  The Wall Street Journal by a Mr. Arthur Laffer.  Mr. Laffer is the chairman of Laffer Associates and co-author of “Return to Prosperity: How America Can Regain Its Economic Superpower Status” (Threshold, 2010).

I am a “Chronic” CNBC watcher.  The talking heads on that particular venue are constantly barraging guests with the question of the “double dip”.  Mr. Laffer, I believe, both qualifies and quantifies the potential risk of this happening.  What he so vividly brings to light in this article is the potential true impact to the end of the Bush era tax breaks in 2011 combined with the on-going fragility of our economy and the heavy hand of our “spendthrift” government. 

I hope all of you following my posting will pass this along.

http://online.wsj.com/article/SB10001424052748704113504575264513748386610.html

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