Buy WILLisms

XML Feed

Featured Entries

The Babe Theory Of Political Movements.
Mar. 21, 2005 11:50 AM

Iran's Sham Election In Houston.
June 20, 2005 5:36 AM

Yes, Kanye, Bush Does Care.
Oct. 31, 2005 12:41 AM

Health Care vs. Wealth Care.
Nov. 23, 2005 3:28 PM

Americans Voting With Their Feet.
Nov. 30, 2005 1:33 PM

Idea Majorities Matter.
May 12, 2006 6:15 PM

Twilight Zone Economics.
Oct. 17, 2006 12:30 AM

The "Shrinking" Middle Class.
Dec. 13, 2006 1:01 PM

From Ashes, GOP Opportunities.
Dec. 18, 2006 6:37 PM

Battle Between Entitlements & Pork.
Dec. 21, 2006 12:31 PM

Let Economic Freedom Reign.
Dec. 22, 2006 10:22 PM

Biggest Health Care Moment In Decades.
July 25, 2007 4:32 PM

Unions Antithetical to Liberty.
May 28, 2008 11:12 PM

Right To Work States Rock.
June 9, 2008 12:25 PM



Blogroll Me!



July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
December 2004

Social Security Reform Thursday.
March 13, 2008

Caption Contest: Enter Today!
Due: July 29, 2008

The Carnival Of Classiness.
Mar. 14, 2006

Quotational Therapy: Obama.
Apr. 4, 2008

Mainstream Melee: Wolfowitz.
May 19, 2007

Pundit Roundtable: Leaks.
July 9, 2006

A WILLisms.com(ic), by Ken McCracken
July 14, 2006


Powered by Movable Type 3.17
Site Design by Sekimori

WILLisms.com June 2008 Book of the Month (certified classy):

The WILLisms.com Gift Shop: Support This Site


This Week's Carnival of Revolutions: carnivalbutton.gif

Carnival Home Base: homebase.gif


« Trivia Tidbit Of The Day: Part 437 -- Taxes Are Too High. | WILLisms.com | More Media Malpractice »

Quotational Therapy: Part 133 -- JFK On Taxes.

Kennedy Seemed To Understand That Some Tax Cuts Pay For Themselves-

What's the deal with Democrats these days? On foreign policy, other than Joe Lieberman, there's really no such thing as a "Scoop Jackson" type of Democrat. On trade, they've almost all gone "native" (as in nativist, isolationist, protectionist, etc.). On abortion, formerly pro-life Democrats who want to do well in primaries are now ardently pro-choice, and it's difficult to name a single pro-life Democrat in Congress today.

On domestic economic policy, meanwhile, Democrats have completely fallen off the cliff. When we had a Cold War going on, there were plenty of Democrats who still seemed to believe in the power of free enterprise. With the fall of the Soviet Union and the extinction of the conservative Southern Democrat, today's Howard Dean-run Democratic Party has lurched severely to the left and down into the swamps of economic illiteracy.

Indeed, there is not a single prominent Democrat today who could deign to give this speech, by President Kennedy in 1962:

A couple of excerpts:

That is the right kind of a tax cut both for your family budget and the national budget resulting from a permanent basic reform and reduction in our rate structure, a creative tax cut creating more jobs and income and eventually more revenue.


Every dollar released from taxation that is spent or invested will help create a new job and a new salary. And these new jobs and new salaries can create other jobs and other salaries and more customers and more growth for an expanding American economy.

The Club For Growth blog has the entire transcript.

What's the deal, Democrats? In an era of increased global economic competition, we need to constantly strive to make America the best place on earth to do business. Democrats in the Midwest last year talked a lot about outsourcing and out-of-whack CEO pay and such, but where are the solutions? Where are the ideas to grow the economy at a rapid and sustained rate? What are the practical things we can do to beat the pants off the Chinese, economically-speaking, in the next half century?

Why is there no Democrat today who can admit, at the very least one or two of the following points:

-that President Bush's tax cuts have been good for rich, poor, and everyone in between.
-that certain tax cuts can and do pay for themselves and then some over time.
-that it is better to be on the low tax side of the scale in today's international tax competition.

While Kennedy was no free market radical by any stretch of the imagination, he did seem to grasp that cutting exorbitant tax rates was a great way to stimulate the economy and make everyone better off. Today's Democrats could learn a lot from this speech.

Previous Quotational Therapy Session:

Reagan To Parliament.

The right quote can be therapeutic, so tune in to WILLisms.com for quotational therapy on Monday and Friday.

Posted by Will Franklin · 6 April 2007 03:41 PM


Man, you're trotting out all the golden oldies.

JFK cut the top tax rate from ~90% to about ~70%. But as his own economic advisors, Walter Heller and Arthur Okun note--the cut was aimed at the demand side not supply.

Posted by: Jadegold at April 6, 2007 04:11 PM

1968 happened. Three years into a war, non-warlike countries get tired of them (Vietnam ramped up in 1965). When Johnson got clubbed by his own people for the war, the whole party shifted leftward. As the leftism was more of a fashion accessory than intellectual attainment, they began to accept all leftist positions as their default. Economics, gun control, abortion, military - anything, eventually - those Democrats who held different positions were weeded out.

Posted by: Assistant Village Idiot at April 6, 2007 05:26 PM

Guys, Jadegold is a troll that has been banned from multiple blogs. You might as well just go ahead and get out the ban stick now. He/she/it (shit? Most bloggers seem to think so) is going to get on your last nerve eventually, so save yourself some trouble, compress the schedule, and get it over with.

Over three years ago, I promised myself that if given the opportunity, I would pre-emptively ban the little twit. Since then, I have both been asked to post at Cold Fury, and forgotten my promise.

It's good to be reminded of some things.

Posted by: Randy Rager at April 6, 2007 09:11 PM

Well I don't ban trolls here, but don't expect Will Franklin to be so forgiving . . .

Posted by: Ken McCracken at April 7, 2007 02:18 AM

Randy, aren't you the same person who didn't understand the difference between astronomy and astrology?

Just a reminder...

Posted by: Jadegold at April 8, 2007 11:48 AM

The Democratic party that JFK, Truman and FDR belonged to doesn't exist anymore. If they were alive today they would have been run out of the party just like Joe Lieberman was.

Posted by: Ennis at April 10, 2007 08:31 AM