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Wednesday, April 19, 2006

Centrist Hillary?

Should we fall for her claimed centrism, Hillary Clinton gave us her proposal for a government-command economy in a speech last week to the Chicago Economic Club, as reported by Larry Kudlow.

Kudlow quotes Clinton:

“Tax cuts are not the cure-all for everything that ails the American economy,” and that instead we need the “right tax system [and] the right investment, including infrastructure. . . . decisions and policies that only all of us acting together through our government can make to set the stage for future prosperity.”

Kudlow then comments:

Ironically, while Clinton wants to revive big-government spending, a number of respected policy analysts are writing about making public highways private. Topping their list are the Chicago Skyway, the Indiana Turnpike, and toll roads in Texas and Oregon, toll truck lanes in Virginia and Atlanta. These private ventures would pay for themselves and would substitute market decisions for government planning. The Reason Foundation is chock full of similar ideas, including private-sector road and highway plans in California, where voters just rejected a $68 billion infrastructure package because of a political history of pilfered taxpayer funds.

I guess she is really for high taxes on the wealthy, large government spending (even beyond George Bush's wildest dreams) and government economic dictate.

Kudlow rightly asks:

Hasn’t Mrs. Clinton noticed the worldwide spread of free-market capitalism that has become such an enormous wealth creator across the globe -- including Eastern Europe, India, China, and the rest of Asia? The economic growth principles of higher after-tax returns for work and investment, deregulation to limit government’s reach, and the privatization of government-run companies have become almost commonplace following the Reagan-Thatcher revolution of twenty-five years ago. But Mrs. Clinton would have us turn the clock back in ways that even her husband didn’t support.

If she is a centrist on economics then socialism has moved way right recently. Now let us look at her supposed centrist (some have called them "Hawkish") positions of national security...

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