Where's the Depression?

Despite the Obama rhetoric that the current recession is the worst since the Great Depression, it is greatly overstated and highly misleading. Simply put, the Obama administration wanted to make it appear as though it saved us from an imminent disaster and used this recession as a pretext for arguing this change. Obama chose to heap his enormous $787 Billion Stimulus Package on the United States people in order to redistribute income. It worked!

According to the to Allan Meltzer, Professor of Economics at Carnegie Mellon Institute, we were never close to the 25% unemployment rate in 1932. It should be pointed out that your only safety net then was a soup line. Furthermore, many economists believe this current recession will end before much of the government money takes hold. Whoops Mr. Obama, what's your rush to go out and spend even more and confiscate more American industries?

Many pundits are asking for another stimulus package. The more responsible answer is to demand that the Obama administration revise its fiscal policies and scrap what remains of the stimulus package, reduce corporate tax rates to increase investment, increase productivity by not increasing regulation to lower business costs and enact lower tax rates for all taxpaying citizens.