Wednesday, June 18, 2008

Some Homework for Sen. Obama

From yesterday's Wall Street Journal:

"While Sen. McCain has argued that tax cuts—particularly on business—spur growth, Sen. Obama rejected that as flawed economics. "I've seen no evidence that . . . would actually boost the economic growth and productivity," he said."

The Tax Foundation provides plenty of evidence for Sen. Obama from the experience of developed nations over the past 20 years (
NBER, OECD, Treasury, American Enterprise Institute, KC Fed, Oxford University) suggesting that corporate tax rates "boost economic growth and productivity"—not to mention real wages and living standards for U.S. workers.

Thanks to Travis Walker for the pointer.

4 Comments:

At 6/18/2008 3:35 PM, Blogger juandos said...

Hey Professor Mark, you are missing the point here...

Its not about facts for Obama and the Democrats, facts undercut their positions on everything and anything...

If It's Bad for America, It's Good for Democrats

This is more like what Obama thinks he can work with: RBS issues global stock and credit crash alert

You just have to remember that BDS is in play here when trying to decipher what the Obama and his ilk are saying...

 
At 6/18/2008 3:56 PM, Anonymous Anonymous said...

The absurdity of the whole thing amuses me.

How is it that we can tolerate candidates for most important job in our nation to say things like this, and yet remain immensly popular? I mean, he is clearly siding with the WRONG team on this one. Every educated person, with just a little economics education knows that more tax stunts growth. Yet Obama can say the there is no evidence to support this?!

Makes me want to pull my hair out.

And he'll probably win...

 
At 6/18/2008 8:35 PM, Anonymous The Masked Millionaire said...

I can only wonder how loud the "gasp" is going to be when the hypnotized masses find out that their emperor, Barack Obama, has no clothes.

The Masked Millionaire

 
At 6/19/2008 10:29 AM, Anonymous Anonymous said...

If tax cuts spur growth and if growth is a good thing why not tie wages for all to growth.

That way more people will be working harder for growth because it will mean a wage increase for them too.

 

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