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Election 2008: The Achilles’ Heel of Obamanomics
Presidential hopeful, Barack Obama, recently told The Wall Street Journal that he intended to lift the United States out of recession through a burst of government spending on infrastructure and a venture capital fund for the new energy sector.
Obama has made few economic mistakes in his campaign – he avoided the economically counterproductive proposal to cut petrol taxes between Memorial Day and Labor Day backed by both John McCain and Hillary Clinton – but he has shown his Achilles’ heel with this proposal. There may be many reasons to increase government spending, to better defend America or to introduce a more generous…
19Jun2008 | Money Morning | Comments Off | ContinuedA NATIONAL POLITICAL BROWNOUT, PART I
Although I don’t always agree with the views of columnist Thomas Friedman, I couldn’t agree more with his criticism of US energy policies. In a recent article entitled “The energy to be serious”, he takes Hillary Clinton and John McCain to task for their suggestion that the federal excise tax on gasoline be suspended this summer
According to Friedman, “It is great to see that we Americans finally have some national unity on energy policy. Unfortunately, the unifying idea is so ridiculous, so unworthy of the people aspiring to lead the United States, it takes your breath away.
“Hillary Clinton has decided to line…
12Jun2008 | Daily Reckoning | Comments Off | ContinuedObama/Clinton: Super Tuesday Showdown
Is Obama’s South Carolina Victory Enough?
Following Barack Obama’s landslide victory in the South Carolina primary last Saturday, it would appear to the average person that he has a fighting shot at the title bout with whomever the Republicans nominate for president in ’08.
However, it is important to note that Hillary Clinton’s support and established connections on a national scale still provide her with a favorable advantage from this point forward. No longer will the ground game be effective on the scale seen in Iowa and New Hampshire. Candidates will now have to rely on massive amounts of money and…
28Jan2008 | S. Oakes | 1 comment | Continued
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