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Thursday, March 27, 2008

Obama's Economic Solution

CNBC's Maria Bartaromo interviewed Barack Obama on his economic plan. The interview is laughable. Obama admits that he would raise taxes, increase regulation and sponsor new big government programs but his rationale consists of the following:

1) His universal health care plan is going to somehow help small businesses and offset all the higher taxes;
2) Regardless of his anti-business policies, his redistribution of income will ultimately help businesses.
3) He is not a "liberal" or an "ideologue" (he simply wants to raise taxes and increase the size of the government).