April 29, 2009

Kudlow on 100 Days

Larry has two great pieces this week. One on Senator Specter's Switcheroo, but also an even better, comprehensive look at the first 100 Obama days which incorporates the event. Kudlow says "In the blink of an eye, Obama may have ended the Reagan revolution."

And with Sen. Arlen Specter switching from Republican to Democrat, Obama can now move the nation even further to the left. A filibuster-proof Senate will mean even greater economic restructuring with expanded government control of health care and energy and increased unionization.

This looks very much like a war against investors, businesses, and entrepreneurs. Shareholder rights are being eviscerated. Political decisions are replacing the rule of law, the rule of bankruptcy courts, and free-market principles.


Safe to say Kudlow, the optimist-in-chief, is not seeing the sunny side of sixty votes either. We beat up the topic pretty well a few posts down, but another reason for torpor is the Osama bin-Laden strong-horse/weak-horse theory. I remember the delirium in 1995 when my own Senator Ben Nighthorse Campbell defected to the GOP to join the mighty majority 104th. Everything was going our way and it underscored our advantages. I cannot be so shortsighted as to see this switch any other way.

Obama Administration Posted by John Kranz at April 29, 2009 7:38 PM

For those crazy enough and/or strong enough to watch the press conference, Obama started out with a statement that was patently offensive. He said that thousands (or millions, I can't remember) of homeowners had refinanced their mortgage, which was like a tax cut. So, lenders are forced to take a haircut at the end of a legislative gun and he takes credit for a "tax cut." Unbelievable.

Posted by: Boulder Refugee at April 29, 2009 10:09 PM

Let me try to remember how I put it to someone last night. So Obama is coercing businesses into charging less for their services, then taking credit as if he were so magnanimous in letting us keep more of our own property...except that he's still going "full steam ahead" in stealing our property anyway.

That's the robber saying he's doing you a favor, because even though he took as much as he'd have anyway, he pointed a gun at the guy you hired to mow your lawn and forced him to take less.

So forcing businesses to charge less, which means they'll have to cut workers' hours and/or lay some off, which will ripple throughout the economy, is a tax cut in Obama's Bizarro World.

As Mark Steyn recently penned:

As I like to say about Obama's plans to raise taxes only on the rich, you'll be surprised what percentage of the population find themselves in "the richest five percent" by the time we're through. There are simply not enough of "the rich" to pay for what western governments are spending.

Posted by: Perry Eidelbus at April 30, 2009 12:43 PM | What do you think? [2]