Warning: The following contains proven economic principles which counter everything a Democrat supports. If you find this offensive, please continue reading anyways. The current administration's agenda will not help fight the recession and could use a lesson from Ronald Reagan.
4 Pillars of Reaganomics
1. Less government spending
2. Low taxes
3. Low regulation
4. Control the money supply to reduce inflation
Reagan believed that more wealth equaled for everyone was better for the country. "Trickle-down economics" provides tax cuts for individuals and businesses which allows these companies to pay employees more, invest more in research and development, and expand the size and scope of businesses. Is there proof of Reagan's success? Absolutely! Even while facing a recession unemployment fell drastically creating nearly 16 million new jobs and increasing annual household income by over $4,000. All of this in the midst of a recession.
Obama and his administration want to increase tax rates (as witnessed during his 2008 campaign speeches), take "windfall profits" from companies that actually run a business efficiently and turn profits, "spread the wealth" as Biden says, and increase social programs for those who don't even pay taxes in the first place. The lower 40% of income earners currently pay zero (yes, zero) dollars in taxes. Obama wants to incease this amount to 50%. Who will these individuals vote for?
The stimulus package that just passed in Congress will cost Americans over $1.3 trillion in the long run. We can't continue to think America can spend its way out of this economic crisis. We have to lower taxes, provide incentives and opporunities for private businesses to create new jobs, and drastically slash government spending. Government spending is already spinning out of control and this administration has proven it's going to continue the trend.