Comments economist Richard Salsman in the May 2003 edition of the InterMarket Forecaster:

…Congressional Republicans are helping to gut the tax-cut proposals made by their party’s leader in the White House; they promise to phase in any tax cuts that are enacted, thereby inducing deferrals of economic and investment activity and causing near-term stagnation…Not to be out-done, the D.C. regulators, especially at the SEC, persist in suffocating free speech (and the free flow of information) on Wall Street — while sabotaging investor confidence.

The only honest heroes out there — the only ones quietly delivering the higher profits and equity gains so eagerly sought by investors — are the entrepreneurs and CEOs (and the few people who defend them). They are working against enormous odds, under the boot of a hostile government (and public)…It’s not the Washington-types but the business heroes who’ve delivered the goods and the gains in U.S. equity prices that we’ve all seen since last Fall. We can add a word of sincere thanks to the Pentagon and the military — the only honest and capable elements in the entire U.S. government…

Voice of Capitalism

Capitalism news delivered every Monday to your email inbox.

You have Successfully Subscribed!

Pin It on Pinterest