Your Tax Policy Is Like Bad Medicine

You really shouldn't knock Obama's plans to raise income tax rates.  Hoover and FDR aptly proved that soaking the rich not only makes us feel better, it stops recessions dead in their tracks.

After all, "recession" is hardly the first word we associate with the 1930s.

If we needed further proof, we need only look to the Carter administration.  Raising the top marginal tax rate to nearly 70% and inflicting windfall profit taxes on evil oil companies once again had a delightfully cathartic effect, which helped salve the assuredly unrelated "malaise" that struck the country under his watch.

(HT: Power Line)