There is plenty of evidence to be gleaned from studying the past. From studying the Great Depression, we know that protectionist policies don't work and can lead to trade wars; we know that raising the minimum wage hurts blacks and the unskilled; raising taxes is a bad idea; that big government spending programs to employ people don't work, etc. From the Carter administration, we know that price controls on commodities like oil can reduce supply/increase demand, resulting in shortages; from the Coolidge administration, we know that slashing government programs and cutting spending will promote economic growth, etc, etc.Originally Posted by ptgatsby
Everything that Obama is doing right now has been tried before and failed. Social Security got through the Supreme Court because it was presented as a tax; same with Obamacare. Medicare raised the price of providing healthcare; so will Obamacare. I'm not sure you understand how infuriating it is to see such stupidity repeated again and again.