With a congressional mandate to run the deficit up as high as need be, there is no reason to raise taxes now and risk aggravating the depression. Instead, Obama will follow the opposite of the Reagan strategy. Reagan cut taxes and increased the deficit so that liberals could not increase spending. Obama will raise spending and increase the deficit so that conservatives cannot cut taxes. And, when the economy is restored, he will raise taxes with impunity, since the only people who will have to pay them would be rich Republicans.
Dick MorrisThe problem: Democrats have to drop their stupid class-warfare rhetoric. With 74 million Americans owning stock in one form or another, anything which helps them can't be derided as a sop to the rich.
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 MorrisIn the name of short-term stimulus, he [Obama] will give every American family (who makes less than $200,000) a welfare check of $1,000 euphemistically called a refundable tax credit. And he will so sharply cut taxes on the middle class and the poor that the number of Americans who pay no federal income tax will rise from the current one-third of all households to more than half. In the process, he will create a permanent electoral majority that does not pay taxes, but counts on ever-expanding welfare checks from the government.
Dick Morris