Can Obama Even Spell Capitalism?

Larry Kudlow on Barack Obama and Tax Policy on NRO Financial

This is more than just a failure to understand the Laffer curve. It’s another cultural misstep by Obama. I can’t help but wonder if the senator knows any cops or firemen. His appeal is to well-educated latte liberals. That remark about middle-income folks having turned to God, faith, and guns because of economic setbacks? Not only was it ill-advised, it illustrates the wide cultural chasm that exists between the candidate and the rest of America.

In effect, Obama’s economics are bad and his social circle is very limited. This is one of the many reasons why a quarter of the Hillary Democrats are telling pollsters they’ll likely move to John McCain in the general election.

Obama’s real agenda is far-liberal left. It’s an ideology that places income redistribution above economic growth. That’s his real message. And it’s the same one that sunk Carter, Mondale, Dukakis, Gore, and Kerry. Bill Clinton? He was a growth Democrat. So he won twice. But Obama is aligning himself with the Democratic losers. And that will make him a loser as well.

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