Wednesday, August 15, 2007

Clintonomics

In the 1980's it was called Reaganomics and no one thought it would work, but in the past 25 years, we have had a remarkable growth in our economy. Townhall's Amanda Carpenter tells us of Clintonomics, Hillary Clinton's plan or rather soundbites of an economic future for America. It includes taxing oil company profits to fund a government program for alternative energy--never mind that the alternative energies may not be economically viable. The plan includes a billion dollar fund to sheild people from foreclosure--making the mortgage industry eat bad mortgages and make new mortgages harder to get for the rest of us. The Clintononmics also features a swipe at the second engine of our economy (small business being the first) investors by a massive increase in the capital gains tax, never mind that millions of middle class Americans now trade stocks because of the low capital gains tax. Then there is the healthcare plan, a rehash of Clinton care? Who knows because the details are fuzzy and the cost is unknown.

So lets look at that list in short form. Hillary Clinton is going to mess with market in four major areas:

1. Energy
2. Housing
3. Investing
4. Healthcare

Four of the largest economic sectors in our nation and she wants to be a sensible hand for guiding the economy? These sectors already have too much regulation and she will make it worse.

Clintonomics is not sensible economics, it is economic suicide.

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