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.