Ken’s Take: Obama fans might want to skip this one. McCain fans will wonder why J-Mac can’t rattle this stuff off in debates. Open-minded folks should keep reading.
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Excerpted from WSJ: “Obama’s Magic”, Strassel, Oct.10, 2008
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And now, America, we introduce the Great Obama! The world’s most gifted political magician! A thing of wonder. Just watch him defy politics, economics, even gravity!
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To kick off our show tonight, Mr. Obama will give 95% of American working families a tax cut, even though 40% of Americans today don’t pay income taxes! How can our star enact such mathemagic? How can he “cut” zero? Abracadabra! It’s called a “refundable tax credit.” It involves the federal government taking money from those who do pay taxes, and writing checks to those who don’t. Yes, yes, in the real world this is known as “welfare,” but please try not to ruin the show.
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For his next trick, the Great Obama will jumpstart the economy by raising taxes on businesses that are today adrift in a financial tsunami! That will include … small-business owners, and the nation’s biggest employers who currently pay some of the highest corporate tax rates in the developed world. Mr. Obama will, with a flick of his fingers, show them how to create more jobs with less money. It’s simple, really. He has a wand.
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Next up, Mr. Obama will re-regulate the economy, with no ill effects whatsoever! Did someone in the audience just shout “Sarbanes Oxley?” Usher, can you remove that man?
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Just watch the Great Obama perform a feat never yet managed in all history. He will create that enormous new government health program, spend billions to transform our energy economy, provide financial assistance to former Soviet satellites, invest in infrastructure, increase education spending, provide job training assistance, and give 95% of Americans a tax (ahem) cut — all without raising the deficit a single penny! And he’ll do it in the middle of a financial crisis. And with falling tax revenues! Voila!
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Moving along to a little ventriloquism. Study his mouth carefully, folks: It looks like he’s saying “I’ll stop the special interests,” when in fact the words coming out are “Welcome to Washington, friends!” Wind and solar companies, ethanol makers, tort lawyers, unions, community organizers — all are welcome to feed at the public trough and to request special favors. From now on “special interests” will only refer to universally despised, if utterly crucial, economic players. Say, oil companies. Hocus Pocus!
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And for tonight’s finale, the Great Obama will uphold America’s “moral” obligation to “stop genocide” by abandoning Iraq! While teleported to the region, he will simultaneously convince Iranian leaders to peacefully abandon their nuclear pursuits (even as he does not sit down with them), fix Afghanistan with a strategy that does not resemble the Iraqi surge, and (drumroll!) pull Osama bin Laden out of his hat!
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We’d also like to thank Mr. McCain for keeping all the focus on himself these past weeks. It has helped the Great Obama to just get on with the show.
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Full article:
http://online.wsj.com/article/SB122360618747721991.html
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October 13, 2008 at 12:58 pm |
Interesting take and I agree that not all of his plans are fully baked. But some of them I think are great directionally.
I wonder why the author left out McCain’s Magic tricks? It’s been hard to tell what McCain’s plans are these past few weeks as he’s spent a large amount of airtime criticizing Obama versus addressing the economic issues.