Real World Demonstrations Of How To Cure A Recession.

There's been one, and it didn't involve socialism. In fact, the socialists in Europe have been screaming their heads off to try to get it to stop; I will explain.

Back in the 1980's, if there was a poor country on the planet, it was Ireland.

Ireland had a GDP growth rate in 1986 of less than half a percent. They had a top marginal income tax rate of 65%, with the lowest tier at 35%.

That's the year they finally got desperate enough to try something new.

So they started cutting taxes.

This year, Ireland's top marginal income tax rate is 42% - down 23% from its peak in 1986.

The general corporate income tax had been at 50%; by 2003 Ireland had slashed it down to 12.5%, one of the lowest in the world.

They cut capital gains taxes from 40% to 20%.

The result?

By 2000, Ireland's unemployment had dropped from 15.7% in 1986, to less than 6%.

Ireland's GDP growth rate TRIPLED the European Union's average GDP growth rate for a solid decade.

Their immense national debt - once 118% of GDP - got down to 38% of GDP.

Their budget deficit turned into a surplus in the early 2000's, for the first time in decades.

Ireland was attracting immigrants, instead of exporting their best and brightest, and their low tax rates on corporations have led many international corporations to place their European headquarters in Ireland.

The EU has been trying to browbeat Ireland into raising their tax rates to the same as the rest of the EU for ten years now.

Want to know why?

They're afraid the voters will see Ireland's success and elect conservative governments, overturning the socialists.

Ireland is now in a recession along with the rest of us. Because the market-interventionist policies followed by our last 5 Congresses crashed the United States economy, and the world's.

Ireland was, until 2008, third in Europe - behind Luxembourg, Norway, and Iceland - in GDP per capita.

Who knows how it looks now? Ireland's in a slump, but Iceland's government just collapsed, and their citizens are rioting in the streets. (In FUCKING ICELAND. How weird is that?)

But they didn't fall on their butts through THEIR screwups; no, it took OUR massive socialist fuckup to bring Ireland down.

Socialism and Keynesian economics does not work, folks.

Capitalism and market economics DOES.

Everywhere it's tried.

Want to stop a recession? Cut taxes. That's the only necessary solution.

But President "Fuck The Poor" Obama doesn't see it that way, because he's NOT TRYING TO STOP THE RECESSION.

If he were, he'd cut taxes. What he wants is a tremendous expansion of government, and he's going to get it.

Because, you know, fuck the poor.