Sunday, June 10, 2007

Dems Are After You

George Will lays out the case for the good economy under Bush, and wonders why the Dems say little or nothing to the point:

Last Sunday, eight Democratic presidential candidates debated for two hours, saying about the economy . . . next to nothing. You must slog to page 43 in the 51-page transcript before Barack Obama laments that ''the burdens and benefits of this new global economy are not being spread evenly across the board'' and promises to ''institute some fairness in the system.''

Well. When in the long human story have economic burdens and benefits been ''spread evenly''? Does Obama think they should be, even though talents never are? What relationship of ''fairness'' does he envision between the value received by individuals and the value added by them?
Probably from each according to his ability, to each according to his needs. (Except for himself, of course. )
Does he disagree -- if so, on what evidence? -- with Federal Reserve Chairman Ben Bernanke that ''the influence of globalization on inequality has been moderate and almost surely less important than the effects of skill-biased technological change''?
And Will points out since the Reagan tax cuts we have had 96 out of 102 quarters of economic growth, which will hit the wall in 2010 if the Dems have their way and repeal the Bush tax cuts. Then there's the AMT.

The Democrats---first they went after the rich...then they came after you.

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