China Implements Reaganomics To Spectacular Results

It looks like China embraced Reaganomics with positive results. Instead of raising taxes and spending like a drunk Democrat, China instead cut taxes on different automobile models which led to a jump in car sales.

From Bloomberg.com:

March 10 (Bloomberg) -- China vehicle sales surged 25 percent in February, the first gain in four months, after the government cut taxes on some models, helping the country extend its lead as the world’s largest auto market this year.

Sales of passenger cars, buses and trucks climbed to 827,600, the China Association of Automobile Manufacturers said today in Beijing. The tally in the first two months rose 2.7 percent to 1.56 million, compared with a 39 percent decline to 1.35 million in the U.S.

Unfortunately, President Obama and the Democrats in Congress will fail to get the message and will continue with their idiotic policies.