SEARCH BLOG: CHINA and OBAMA
President Obama is fond of using China as an example of economic success. Of course, to the President, the Communist/Socialist aspect of China is the appealing part; the capitalistic part... the part that isn't "fair"... is the only flaw.
NPR Via Mark Perry at Carpe Diem:
Note just a few things:
- There was no discussion about unemployment benefits
- There was no discussion about "fair" taxation or increasing taxes to allow more stimulus spending; in fact, it was a perfect example of a flat tax [everyone was forced to give a certain amount to the government]
- There was no effort to blame the more productive for their success
- It worked... big time!