Wednesday, July 15, 2009

Social(ism) programs, not the economy, matter most

There's an excellent explanation why the "stimulus" isn't working--it was never intended to. It's sop for the voters--at least the voters who voted for Obama. I've said it from the beginning--i.e., last July when he became the actual president and began touring the world asking for the bowed knee or at least a nod and handshake if that didn't work. I jumped right over socialism and pointed to marxism. And throw in a hefty amount of narcissism, too. Others are catching on and the whispers building to shouts.
    Jason Furman owes an apology to Michael Boskin, the Stanford economist who wrote a year ago on these pages that Barack Obama would raise American income tax rates nearly to 60%. Mr. Furman, then in the Obama campaign and now at the White House, claimed this was wrong and that Democrats would merely raise taxes back to their Clinton-era level.

    House Democrats are now proving that Mr. Boskin had it right, and before it's over even he may have underestimated how high taxes will go. In the middle of a recession and with rising unemployment, Democrats have been letting it leak that they want to raise U.S. tax rates higher than they've been in nearly 30 years in order to finance government health care. Read article here ". . . A new study by the Kaufman Foundation finds that small business entrepreneurs have led America out of its last seven post-World War II recessions. They also generate about two of every three new jobs during a recovery. The more the Obama Democrats reveal of their policies, the more it's clear that they prize income redistribution above all else, including job creation and economic growth."
The sooner the opinion writers, radio talkers, and academic just drop the "let's pretend" jargon and get down to basics, the faster we can get him out of office and on his way with other failed marxists. They don't belong here. Keep them in the halls of ivy and in the non-profits where they belong in their fantasies about "income redistribution."

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