The Markum Report - The Conservative Blog of Galveston County, Texas: Obamanomics Is a Recipe for Recession Ladies and Gentlemen.... Now Forming at the North End of Kyle Field... the Nationally Famous.. Fightin' Texas Aggie Band !

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Tuesday, July 29, 2008

Obamanomics Is a Recipe for Recession

I would be remiss in my duties as an unabashed defender of conservative free-market principles if I did not continue to point out some of the more obvious reasons why Senator Obama should not be the next President of the United States. Long on style but short on substance, the Senator's tax plans should be subjected to the scrutiny they deserve.

Towards that end, this article by Michael J. Boskin should help shed some light on Obamanomics. To quote the Wall Street journal, Mr. Boskin, professor of economics at Stanford University and senior fellow at the Hoover Institution, was chairman of the Council of Economic Advisers under President George H.W. Bush.

Hat Tip to The Texas Insider.

OM

Comments:
While I would agree with you that Obama's economic policy will be disaster, how do you think McCain's will be any better? I reference you to your own quote today on your blog.
"Nothing is more certainly written in the book of fate than that these people are to be free."
-- Thomas Jefferson (Autobiography, 1821)
Taxes at the level we have in America take our freedom away. When a government forces us to give up the sweat of our brow and the product of our labor, they make us no better than slaves. It is like telling the slave, "You are free, but what you make belongs to me." That is what taxes do to Americans, even the taxes now collected under a Republican president. McCain believes in bigger government. Has he proposed eliminating the National Endowment of Arts? Supporting arts is a noble cause, but should Americans be forced to support them? Has he proposed eliminating the Dept. of Education? I would love to have the federal government out of my children's education. Has he proposed bring troops home from Iraq? Or closing the 130 military bases we have around the world that are helping America in Empire building, a concept the founding fathers never supported. As an American, I am subsidizing the military of Germany, South Korea, Italy, and 127 more countries that do not need the money I work hard for to help them. Has he proposed ending foreign aid? Aid that helps subsidize the very dictators that Bush claims to hate? Mr. Markum, you claim to be conservative, but I really believe that you are just another Republican who supports the party line, no matter what they say. Supporting the party platform does not make you a conservative. Fighting for small government, less powerful federal government, no empire building, no preemptive wars, meaningful tax reductions, no forced social contributions through tax payer funded entitlement programs, basically, as little government intervention in my life as possible, that is what makes a conservative. The conservatism you follow is a neo-conservatism that was started by Democrats that came to our great party.
 
Uncle Gonzo,

Thanks for stopping by and sharing your opinion. I can't say as yet what I think of McCain's economic policy as other than continuing the Bush tax cuts, he has not strongly advocated a plan. I do believe that McCain has a strong desire to reign in government spending and to cut entitlement spending, but we'll have to see if his actions match his desires.

I do reject one of your assertions, however, in that I don't "claim" to be a conservative; I am one. In word, deed, and practice my conservative philosophy and actions have been persistent and consistent.

Now as to whether someone who shares a neoconservative philosophy is a conservative, that's a debate for another day, but I think all elements of the conservative movement from social conservatives, to libertarians, to economic conservatives have a place in the conservative universe.

I agree with you that supporting the Republican party platform blindly does not make you a conservative, but I would argue , strongly, that the Republican party platform more so than any other major party platform is the most fundamentally conservative.
As Republicans, our problem has been and continues to be when elected officials stray from the party's fundamental core beliefs. I have said many times that when Republicans act like and vote like Democrats, we lose. I hope we have learned our lesson as we have a rare chance to keep the White House this year, when we are 12 - 15 points behind the Democrats in the generic congressional ballot.

OM
 
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