Thursday, March 27, 2008

Liberal big government 'solutions'

Both Hillary Clinton and Barack Obama hit the ground today with their answers to America's economic woes. While they differed minutely, both proposed expensive, big government solutions with heavy-handed regulations on business.

Obama would also double the capital gains tax. This is a sure-fire job killer and insures further slowdown in business and job creating activity. If there was any doubt that Obama was any more than just another garden-variety liberal, this proposal alone all doubt. Many have ignored the ratings by the non-partisan Capitol Hill Journal that Obama is the most liberal member of the U.S. Senate, based on voting record, but doubling the capital gains tax is hardly a conservative or even moderate proposal. It is war on business and the engine of the free enterprise system.

Hillary's plan focuses on the old liberal bromide of federal job training programs and extension of unemployment benefits.These spend lots of money, with few benefits in return. The focus should be on job creation, through tax cuts to stimulate the economy, and the job training will come, as businesses are forced to hire new workers.

Both blasted John McCain for his failure to call for expansive federal spending and new programs like they have. McCain reiterated the need for tax cuts to stimulate the economy.

This will make for a lively and exciting fall debate, before the presidential election. It is much bigger than just a few policy disagreements among candidates. It speaks a lot more to vision for our country's future, support for the free enterprise system and the role of the federal government in the economy.

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