Erasing America: Barack Obama's Motivation and Method

"It took time to free the slaves," proclaimed Barack Obama during a recent speech aimed at salvaging support for his fundamental transformation of America. Our president, a man who views the world through an oppressed-versus-oppressor lens, puts an agenda of economic destruction on moral par with the emancipation of the slaves. Obama is trying to reduce America to a second-rate ration. But why and how?The answer may be found in a discussion that starts with the "Laffer Curve." Thirty-six years ago, Arthur Laffer, father of "supply-side economics" and member of President Ronald Reagan's Economic Policy Advisory Board, postulated that as tax rates rise, government revenue would first rise, then peak, and then decline. Just before her August resignation as chair of Obama's Council of Economic Advisors, Christina Romer and her husband confirmed Laffer's thinking. Graph-of-the-Day blogger Randal Hoven analyzed the Romers' study and found that government...(Read Full Article)