Friday, January 18, 2008

I HAVE A LITTLE MORE DOUBT ABOUT OBAMA

I didn't realize he had said this:


Rivals Blast Obama's Praise for Reagan
Jan 18, 6:03 PM (ET)

By NEDRA PICKLER

RENO, Nev. (AP) - John Edwards and Hillary Rodham Clinton criticized Barack Obama's praise of the Republican Party and Ronald Reagan - an anathema for many Democrats, particularly union members considered crucial to winning Nevada's Democratic caucuses Saturday.

Obama told the Reno Gazette-Journal editorial board Monday that "Reagan changed the trajectory of America in a way that Richard Nixon did not and in a way that Bill Clinton did not. He put us on a fundamentally different path because the country was ready for it," Obama said.

"I think it's fair to say that the Republicans were the party of ideas for a pretty long chunk of time there over the last 10 to 15 years in the sense that they were challenging conventional wisdom," Obama told the newspaper.

Conventional wisdom was correct about supply-side economics being a big pile of hooey and is was also correct to believe that ketchup is not a vegetable. Obama doesn't seem to get how important tax cuts for the top 1% are to GOP ideology. Even McCain (h/t Jonathan Chait), AKA Bullshit Express, sounds no better than the fanatic Kudlow, as the NY Times reports:

Campaigning with Jack F. Kemp, the former quarterback, congressman, vice-presidential nominee in 1996 and proponent of supply-side economics, Mr. McCain called for cutting the corporate tax rate to 25 percent from 35 percent — which Rudolph W. Giuliani has also called for — as well as making Mr. Bush’s tax cuts permanent, establishing a tax credit for research and development, and repealing the alternative minimum tax.

And Mr. McCain proclaimed himself a believer in the notion that cutting taxes increases revenue for the government by spurring economic growth. “Don’t listen to this siren song about cutting taxes,” Mr. McCain told supporters gathered here under a tent in a driving rain. “Every time in history we have raised taxes it has cut revenues. And is there anybody here that needs to have their taxes increased?”


Chait gives us this chart so we can see what happens to revenue when you raise taxes:

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