Nesze semmi, fogd meg jol.

The Great Tax Compromise of 2010 between Republicans and the Obama regime is already ballyhooed by the financial Press as leading to growth. Of course, Liberals believe that giving people unemployment creates economic growth, so we can not expect better from them than to expect cutting Social Security taxes to do the same.

Markets responded with a yawn.

Why would this not work? The title tells the story in Hungarian. Roughly translated it means: 'here is nothing, hold it tight!' In essence, there is very little here that would cause growth. Keeping current tax rates simply maintains things as they are. Reducing Social Security taxes is not that different from giving people $500 that failed to grow the economy. And contrary to the firmly held belief of Pelosi and her minions, giving people money for doing nothing does not grow the economy either. Still, this compromise will do one thing: INCREASE THE DEFICIT.

Nothing in this package is a supply-side tax cut. Nothing in this package will grow the economy.