Category Archives: Economics

A Middle-Class Tax Hike

That’s what the Romney plan isn’t, despite the Obama campaign lies.

[Update a few minutes later]

Related: The Romney stimulus:

Firing Obama alone would not come close to curing our economic problems, but it might reassure many that the White House will stop making them worse. Romney certainly believes this. Buried in all the coverage of his lamentable comments about the “47%” was this assurance: “If we win on Nov. 6, there will be a great deal of optimism about the future of this country. And we’ll see capital come back and we’ll see, without actually doing anything, we’ll actually get a boost in the economy.”

At this point, psychology might be as important as policy. If even 10% of the money figuratively sitting in mattresses gets invested once Obama is out of office, that would be a much bigger stimulus than Obama’s, and no doubt far better spent. Oh, and it would not only be better spent, it also wouldn’t be borrowed from China.

Romney has to get across the message that Obama inherited a mess, and made it much worse. It’s a powerful one, and it has the additional virtue of being completely true.

Obamacare

Time to euthanize it:

Obama-care lays waste to half of this “double security” by funneling almost unimaginable levels of power and money to Washington. What’s more, in its startling delegation of de facto lawmaking power to the secretary of Health and Human Services (HHS) and other unelected figures in the executive branch, it also severely undermines the separation of powers among the branches. For example, Obama-care is making it illegal for anyone in America (with the narrow exception of houses of worship) to freely sell or buy an insurance plan that fails to offer free birth control and sterilization. But this ban is nowhere to be found in the 2,700 pages of the law itself. Rather, it came as a decree from HHS Secretary Kathleen Sebelius, exercising her newfound power. If Obama-care isn’t repealed, examples of such rule by fiat will proliferate.

This brings us back to Romney, the only man who stands in the way of Obama-care’s taking root from coast to coast. Over the next five weeks, Romney would do well to repeat at every turn what he said in Ohio. He should seize this golden opportunity to paint for voters the picture of their future under Obama-care. This has to be a key point in next week’s debate.

Yes. He has to make it a big-government, separation of powers, federalism issue, because that’s the only way he can defend his actions in Massachusetts.