February 15, 2008


Obama's Big-Government Vision (LAWRENCE KUDLOW, February 15, 2008, Creators Syndicate, Inc.)

Mr. Obama unveiled much of his economic strategy in Wisconsin this week: He wants to spend $150 billion on a green-energy plan. He wants to establish an infrastructure investment bank to the tune of $60 billion. He wants to expand health insurance by roughly $65 billion. He wants to "reopen" trade deals, which is another way of saying he wants to raise the barriers to free trade.

He intends to regulate the profits for drug companies, health insurers, and energy firms. He wants to establish a mortgage-interest tax credit. He wants to double the number of workers receiving the earned income tax credit, the EITC, and triple the EITC benefit for minimum-wage workers. The Obama spend-o-meter is now up around $800 billion. And tax hikes on the rich won't pay for it. It's the middle class that will ultimately shoulder this fiscal burden in terms of higher taxes and lower growth.

This isn't free enterprise. It's old-fashioned-liberal tax, and spend, and regulate.

John McCain--helped by attacks on his Right--has tremendous credibility as a deficit hawk. All this is right in his wheelhouse.

Posted by Orrin Judd at February 15, 2008 5:55 PM
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