Sunday, January 31, 2010

Quiz Time

Since Uncle Barack has decided to concentrate on the economy and jobs, I thought it would be interesting to revive a post with a poll I put up the end of last February. Some of you took it last year and know the answer, but if you took it last year, please give the same answer you did last year, so you don't sway any newcomers voting on it.
The poll I have just added relates to the following quote from a speech given by a President of the United States.
No cheating. You have four choices. Who said it?


"The final and best means of strengthening demand among consumers and business is to reduce the burden on private income and the deterrents to private initiative which are imposed by our present tax system—and this administration pledged itself last summer to an across-the-board, top-to-bottom cut in personal and corporate income taxes to be enacted and become effective in .....
I'm not talking about a ‘quickie' or a temporary tax cut, which would be more appropriate if a recession were imminent. Nor am I talking about giving the economy a mere shot in the arm, to ease some temporary complaint. I am talking about the accumulated evidence of the last five years that our present tax system, developed as it was, in good part, during World War II to restrain growth, exerts too heavy a drag on growth in peace time; that it siphons out of the private economy too large a share of personal and business purchasing power; that it reduces the financial incentives for personal effort, investment, and risk-taking. In short, to increase demand and lift the economy, the federal government's most useful role is not to rush into a program of excessive increases in public expenditures, but to expand the incentives and opportunities for private expenditures."

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