Monday, May 12, 2008

Candidate of Failed Change

This weekend on Bulls and Bears on Fox News Channel Dr. Mark Lamont Hill was a panelist and demonstrated the complete lack of understanding of economics many liberals have. His solutions were the same models that have been tried here and worldwide and have proven disastrous, particularly for the lower income individuals.

Here are a couple of his comments:
  • Oil profits are extreme -- companies with higher profit margins such as Google and Yahoo have even more extreme profits.
  • These extreme profits from the oil companies -- and by extension Google, Yahoo, and all others in that category (not sure where the cut off is here) -- should be taken and used to provide relief for the poor.
  • Food should be rationed in order to keep the price low for the poor.
Unfortunately these are the same policies that Obama has stated he would implement and they policies show a fundamental misunderstanding of how markets and the economy work.

Policies like this make Obama the candidate of the 1970's rather then the 21st century, and McCain should point this out each and every day.
DKK

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