The Homa Files

Some things to think about ….

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“Whoever is elected Tuesday, his freedom in office will be limited. Mr. Obama is out of money and Mr. McCain is out of army, so what might be assumed to be the worst impulses of each — big spender, big scrapper — will be circumscribed by reality.”

“For Mr. Obama, whose mind tends, as intellectuals’ minds do, toward the abstract, it all seems so . . . abstract. And cold. And rather suggestive of radical departures.”

From WSJ,  Obama and the Runaway Train, Oct. 31, 2008
http://online.wsj.com/article/SB122539802263585317.html

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“Bush’s failure should not be counted as a failure of markets or capitalism. And even if it were, history shows us that the failures of capitalism are a lot more fun than the absence of capitalism.”

“You know, once upon a time, the stated purpose of taxation was to fund public needs — such as schools and roads — assist those who could not help themselves, defend our security and freedom, and yes, occasionally offer bailouts to sleazy fat cats.

Obama is the first major presidential candidate in memory to assert that taxation’s principal purpose should be redistribution.

The proposition that government should take one group’s lawfully earned profits and hand them to another group — not a collection of destitute or impaired Americans, mind you, but a still-vibrant middle class — is the foundational premise of Obama’s fiscal policy.”

From “If It Redistributes Like a Duck…”, David Harsanyi,
October 31, 2008
http://www.realclearpolitics.com/articles/2008/10/if_it_redistributes_like_a_duc.html

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“McCain wants to free up health insurance by beginning to sever its debilitating connection to employment — a ruinous accident of history (arising from World War II wage and price controls) that increases the terror of job loss, inhibits labor mobility and saddles American industry with costs that are driving it (see: Detroit) into insolvency.”

From McCain for President, Part II, Charles Krauthammer, October 31, 2008
http://www.realclearpolitics.com/articles/2008/10/neither_candidate_an_economic.html

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This entry was posted on October 31, 2008 at 8:02 am and is filed under Economics, Government & Politics, Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.