Market Talk – April 25, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 831.60 points or -2.16% to 37,628.48 Shanghai increased 8.08 points or 0.27% to 3,052.90 Hang [...]
Wayne Swan Rewrites History to Support Living Off of Other People’s Money
It is truly amazing how biased socialists are to the point that they just want to rob anyone who has more than they do and rewrite history to further their political agenda. Wayne Swan, former deputy prime minister of Australia, wrote a political piece for the Guardian that is total rubbish with the heading: “Cutting corporate tax won’t create jobs. It’s yesterday’s solution to our problems.” Swan boldly proclaims that the tax reductions of Reagan and Thatcher did nothing.
Here is the real economic growth of the USA since 1960. You will notice a sharp rally when Reagan cut the taxes. In fact, Reagan created more jobs and revenue by lowering taxes. The pretend “trickle-down economics” these people hate so much actually worked. Obama raised taxes, and he will go down in history for having the lowest economic growth rate of any American president.
Facts and evidence do not matter to socialists. They always support their ideas with fiction to justify robbing other people’s money.
Latest Posts
PRIVATE BLOG – The Reality Hits the Markets into May 7th
PRIVATE BLOG – The Reality Hits the Markets into May 7th Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. [...]
US GDP & Recession into 2028
QUESTION: Mr. Armstrong, Socrates correctly picked March as the Directional Change, and it looks like there will be a sharp decline into June. Are you expecting a serious recession with [...]
See You Next Month?
See you in precisely one month at the London Economic Confidence Model Seminar! Can’t attend in person? Keep reading to learn about our virtual ticket option. Prepare to embark on [...]
