Wednesday, January 21, 2009

Here Comes the New Socialism

Dick Morris on the Obama agenda.

Money Q:

"Americans who pay no federal income tax will rise from the current one-third of all households to more than half. In the process, he will create a permanent electoral majority that does not pay taxes, but counts on ever-expanding welfare checks from the government."

And that's just for starters.


Blogger David Diano said...

Dick Morris was peddling this nonsense on O'Reilly and Hannity Monday night. Fortunately, Morris's track record is similar to Bill Kristol's in that he's pretty much always wrong on his predictions.
He writes: "Simply put, we enter his administration as free-enterprise, market-dominated, laissez-faire America."
We've seen that unchecked markets spiral out of control and laissez-faire policies brought about the Great Depression.
It's funny how the crazy right-wingers are still trying to act like FDR didn't do a good job.
"But his New Deal measures only succeeded in lowering the unemployment rate from 23 percent in 1933, when he took office, to 13 percent in the summer of 1937."
Pretty damn impressive considering what they were up against and no computers to model those fledgling economic theories.

Without Hillary running for President, Dick Morris has even less to talk about.

January 21, 2009 at 10:39 AM 
Blogger Spencerblog said...

So Morris is wrong. And Obama will be a pro-free market, low tax, fiscal conservative.

What a relief.

January 21, 2009 at 11:10 AM 
Blogger David Diano said...

Well, your neocon Newspeak definition of "free-market" involves no responsible oversight. It's equivalent to misrepresenting a "free-society" as requiring no police.

A successful free-market requires basic regulation and oversight to prevent or minimize bad actors from gaming or cheating the system.

Obama is going to lower taxes for the majority and eliminate the irresponsibly deep cuts given to the few that shouldn't have got them. Obama (in contrast to Bush and the GOP) will certainly be more fiscally conservative, especially in transparently accounting for the money being spent.
So, yeah, Morris is wrong (so you have company).

January 21, 2009 at 11:26 AM 

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