What Obama Says On The Economy

Does he believe it?

This point from the Economist doesn’t give a real verdict either way, but one must wonder whether his policies are going to match his rhetoric.

The sad thing is that one might reasonably have expected better from Mr Obama. He wants to improve America’s international reputation yet campaigns against NAFTA. He trumpets “the audacity of hope” yet proposes more government intervention. He might have chosen to use his silver tongue to address America’s problems in imaginative ways—for example, by making the case for reforming the distorting tax code. Instead, he wants to throw money at social problems and slap more taxes on the rich, and he is using his oratorical powers to prey on people’s fears.

Mr Obama advertises himself as something fresh, hopeful and new. But on economic matters at least he, like Mrs Clinton, has begun to look a rather ordinary old-style Democrat.

My hope for November 2008 is that none of these charlatans win.

  • http://poppychop.net/ Nitroadict

    I’m terribly annoyed & worried that it seems people (mainly his supporters, but also a lot of libertarians who are supporting and/or voting for him) are more concerned with his foreign policy than his economic policies.

    Yes, while foreign policy is important, especially after this administration, there is also the huge possibility where many things will remain a mess no matter who is president; foreign policy, while marginally improved, will probably be one of those areas.

    Economics, on the other hand: I’m cringing at the thought of the Democrats wielding their childish ignorance on economics, and essentially roll in another ‘New Deal’. If that were to happen, I might as well become an an-cap.

    Of course, there’s the fact that there is a vast mess left up to whomever is the WH, and there is also the fact that he is currently trying to get elected. Even so, I will not be surprised nor convinced otherwise, that monetarily, Democrats are going to make the problem even worse.

    In any case, tomorrow is a new day, hopefully…

  • http://thomasblair.livejournal.com Brian T. Traylor

    I take it as most frightening that there is some ineffable quality about him many find emotionally satisfying. When asked, many supporters can’t even explain why they really like him! A guy with his charisma and authoritarian, government-can-do-it! attitude will do inestimable damage.