Obama has paid and will continue to pay dearly for betting on his stimulus package. Because of it, the Bush recession is becoming the Obama recession much faster than it would have had he adopted a more gradual approach to solving economic problems. By jumping in immediately, as he did, in order to increase government spending and pass eight years of Democratic dreams in one day, he made the public expect a solution.
Dick MorrisPresident Lyndon Johnson's administration was known for his War on Poverty. President Obama's will become notable for his War on Prosperity. We're speaking, of course, of Obama's plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He's not just raising the top rate to 39.6 percent; he's also disallowing about one-third of top earner's deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.
Dick MorrisPresident Obama's recommended reduction in the tax deduction for charitable giving reflects his fundamental belief that only the government can or should help the poor. He wants to keep the impoverished directly dependent on the government - and the Democratic Party - for their daily bread.
Dick MorrisThe Democratic Party opposes tax cuts but it cannot say so publicly. Thus, it is forced to support the idea of lowering the tax burden but using class warfare rhetoric to dispute the allocation of the relief.
Dick MorrisMy mother used to say: 'It's not enough to be Hungarian. You still need a little talent, too.' To paraphrase her, its not enough to be conservative, you still need to have the brainpower to be a Supreme Court justice. And, if Harriet Miers is confirmed, she likely won't be in the same league with her colleagues in terms of gray matter.
Dick Morris