Capital Commerce

5 Good Things About Obamanomics

By James Pethokoukis

Posted: August 26, 2008

Jimmy P. at the DNC—I chatted briefly yesterday with Obama economic adviser Austan Goolsbee while we were both roaming the halls at the Pepsi Center. I told him I would write a post about five good things in his boss's economic plan. (He didn't charm me. I was going to do it anyway. Really.) I already touched on this earlier today but I wanted to expand on it just a smidge. So here goes:

  1. Obama cuts taxes for the middle-class.
  2. Obama thinks growing the economy is an imperative.
  3. Obama thinks protectionism is bad.
  4. Obama hasn't bought into the theory that investment income should be taxed at the same high level as labor.
  5. Obama seems willing to consider a corporate tax reduction if subsidies and tax exemptions also were eliminated.

So there you go.

Great paragraph!

of FL @ Nov 22, 2008 18:52:49 PM

Anonymous

All of what you have stated is purely contradictory. You can't do all of those things above without having tradeoffs. You have to pick and choose. Simply because government does it does not mean it will not be faced with the same economic realities that regular joes will have to face when it comes to determining what to spend its money on.

Chris of AZ @ Aug 27, 2008 15:38:46 PM

Things don't have to become "depressing" before the country charts a different course. Investments in alternative energy technologies, perceptive taxation helping the workers of industries in flux make the transition, recognizing that health care for all is actually affordable for a $13 trillion economy, are all good things.

Unfortunately, this should have been the Bush legacy, but was squandared.

Anonymous of CA @ Aug 27, 2008 10:54:21 AM

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