Ah, the irony.
The Chinese Communist government is teaching us a thing or two about the free market.
Feeling the effects of the global economic slowdown, the Chinese put together a relatively modest stimulus package that reduces individual tax burdens and cuts wasteful spending.
It did something else as well.
The government cut taxes in half on small cars. The result? Car sales surging by 25 percent, the first gain in four months.
What do you know?
China cut taxes, and auto sales spiked.
China cut taxes, and a part of its economy started to boom.
Cutting taxes equals economic growth.
The Chinese Commies get it.
Billy Idol gets it.
Still waiting for the American Democrats to get it.