Here I quote Stephen Moore, who is president of the Club for Growth:
"There is a sharp contrast between the performance of the U.S. economy before, and then after the Reagan tax cuts. In 1980 the U. S. inflation rate hit a record high of 13.5%. Mortgage interest rates soared to 20 percent creating a moribund housing industry. America was rapidly deindustrializing. Unemployment had reached its highest level in 40 years. We were literally teetering on the brink of a 1930s style depression. Economist Henry Kaufman of Salomon Brothers reflected the gloomy mood of most Americans at that time when he remarked, "I am aghast at how much our country has faltered."
In the early 1980s when I graduated from college, the economy was so bad and jobs were so scarce, it was hard to get hired as a burger flipper at the minimum wage.
Reagan's tax-rate cuts — combined with his emphasis on sound money, deregulation, and free trade — created a mighty economic expansion in the 1980s. Bob Bartley of the Wall Street Journal described this period as "the seven fat years." Any student of the 1980s, who wishes to know what really happened to the economy in the Reagan years must read Bartley's invaluable book by that title. This expansion carried through the 1990s as well — creating America's greatest sustained wave of prosperity ever. "
The economy grew by more than one-third in size. Growth was so high in the 1980s that grouchy leftists were forced to resort to ridiculing the Reagan years as the "decade of greed." '
Reagan's policies saved our economy. Period. We were in a downward spiral from the 70's and it didn't stop immediately on Jan. 21, 1980 when Reagan took office but we started to recover when President Reagan lowered the tax rate.
Here is a fact: Republicans want you to keep the money you make, no matter what your economic class. It makes our economy run. We believe in equal OPPORTUNITY. Democrats want your money to redistribute it. They believe in equal OUTCOME, at any cost.
Obama has been quoted as saying to a plumber, ""It's not that I want to punish your success. I just want to make sure that everybody who is behind you, that they've got a chance for success too," Obama responded. "My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody ... I think when you spread the wealth around, it's good for everybody."
"Spreading the wealth around" will not motivate anyone to work harder. My husband owns a small business. One employee. Last year we celebrated our first year that we earned $250,000. for the year! Believe me, WE ARE NOT RICH. Our house is worth about $200,000. Obama will hurt us.
What it all comes down to is this: There are those who believe that there are "two America's". The haves and the have nots. And that the haves need government to succeed. They vote Democrat. Then there are those that believe that they can make it on their own. They work hard, sometimes for very little. But they don't want government interference. They don't see "two Americas". They know that if they work hard they will succeed. Others have done it; they can too. They believe in the American Dream. They are Republicans.
Now, to be fair, Democrats may believe in the American Dream, too, but they have been convinced by Demogogues, that the deck is stacked against them.
Government has failed again and again at every social program they've tried, causing instead more poverty. The hard earned money we work for is used for graft, earmarks, pork, social programs that don't work, perqs for politicians. While Democrats want us to believe that "paying taxes is patriotic" (Joe Biden) they are lying. We started a revolution because of high taxes.
I will vote for a politician who wants me to keep my money, not for the one who wants my money.