On Bloomberg, this story “China February Auto Sales Rise 25% After Tax Cuts” explains what China did to improve their slumping economy. They cut taxes!
It is a strange new world when a Communist country understands free market (Capitalist) principles more than the freest nation in the world. This is not the first time China has used free market principles to improve their economy, by the way. They steal more than nuclear technology from us, but I digress.
So, the U.S. is increasing taxes and regulations on, not only our car companies, energy and other companies, to lower our debt from our spending that was to improve the economy. This obviously is not working. China just cuts taxes and auto sales soar 25%. What is wrong with this picture!?
Now, it has been said that Obama and the Democrats should look to Bush, Reagan, Kennedy, and Harding for ideas to improve our economy not to mention Milton Friedman and Adam Smith. Well…I can’t believe I going to say this…maybe Obama should look to Communist China for some tips? If they can cut taxes and improve things, it might work here.
After saying that, I going to look for the rabbit hole I just fell through and try to find a lost little girl and tardy rabbit to lead me back to reality and have some tea with the Mad Hatter. This just proves where ever and when ever free market principles are tried, even in Communist countries, they ALWAYS work.