Urbin Report

Tuesday, June 10, 2008

Welcome back Carter

The Confederate Yankee nails the bad news express that an Obama administration would be:

While the media would like to help along the meme that McCain's financial plan of low taxes and lowered government spending is a continuation of Bush's economy, that is fiction. McCain's policies are in line with Ronald Reagan's successful conservative economic plans; of the two Presidential candidates, it is Obama's plan that is more like those practiced by Bush.

The bloated government and increased spending seen under the Bush Administration is horrific from a fiscally conservative standpoint, and a prequel to what would occur if the ultra-liberal Obama campaign lives up to its promises, creating more than $87 billion in new government and entitlements. Obama will need to substantially raise taxes to fulfill even some of his campaign promises.

Think Bush is bad? Obama will be worse, pulling for "higher income taxes, Social Security taxes, capital gains taxes, dividend taxes," and taxes on job-creating small businesses straight out of the "dazed and malaised" days of James Earl Carter's failed one-term Presidency. I'm sure I am not alone in hearing from parents concerned that an Obama presidency will ruin the economy for their children.

There is more, go read it.