Who’s Who in Anti-Growth Policies?
If there is a who’s who of those who are aggressively anti-growth, they may well be found in the current majority in the Senate.
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” While financial markets burn, Democratic politicians fiddle with increasingly loony anti-growth policies and attitudes. It can’t do markets or the economy any good to have to live day by day with the background drumbeat of such insanity and inanity as Elizabeth Edwards’ vow to stop eating tangerines, because importing them creates too large a “carbon footprint.”
True enough, when Hillary speaks of taxing the “excess profit” that oil companies have the audacity to earn and every other left wing politician is serving up regurgitated social engineering schemes to “save the poor”, businesses are not anticipating a friendly climate should the Democrats take the White House in ‘08.
Luskin at “Conspiracy to Keep You Poor and Stupid” quotes a recent editorial in the Wall Street Journal:
“More worrisome is the Beltway story, which is all pointing in the direction of hostility to growth. A bipartisan cast of Senators wants to raise taxes on “carried interest,” which means on hedge funds and private equity partnerships. With this new element of political risk, no one should be surprised to see buyout deals such as the Cerberus purchase of Chrysler harder to finance. If Congress wants to dry up capital for mergers, keep it up.”
All network strategies are premised on future growth which, unfortunately, promises to be attenuated if politicians continue to embrace policies that serve none but the political and academic elite.





July 30th, 2007 at 7:46 am
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