Unwise Investment Quotes
One economic view of economic development is that the government should invest in education, scientific research, and infrastructure which will produce and stimulate economic growth. The contrary is that taxation takes capital out of the private sector that is needed for investment to produce economic growth. Both sides are correct. In the United States for example three of the greatest economic stimulants were the building of the Railroads, the National Highway System, and the Internet all developed in large part with taxpayer dollars. At the same time taxes do diminish the amount of private capital available for the economy. These are tradeoff decisions like most things in economics.
Kennedy and Nixon served in the House together, and occasionally members would contribute to the campaigns of friends of the opposite party. There was, in those days, more comity between the parties.
18 years later, his son—George W. Bush—made the “nutty idea” one of the main planks in his Presidential legislative program. After the younger Bush traveled the country selling his reform ideas, the public came down on the side of his father and rejected the President’s “nutty idea.”
Republican members of Congress have been publicly calling Democratic Presidents nasty names at several times in History. When President Barack Obama was called a liar at his State of the Union Message, to most people’s shock and distaste, it was following a history of such insulting behavior. In this instance, everything that FDR had predicted for the Dam turned out to be not only true but was an understatement of the economic benefit. It was finished just in time to power the new Aluminum industry that made all the super-bombers and 750 major ships in WWII. Congressman Kulkin was a minor figure in American history who never accomplished much as a Congressman other to insult the President and question his motives.
