And now after roughly three weeks of McCain and Palin questioning the wisdom of Obama’s redistributionist economic plans (and just when you thought he could not possibly get more “audacious”), we saw Obama introduce another emotive, Sesame Street-friendly term into the big economic debate last Friday. McCain and Palin, according to the Senator, have made a virtue out of “selfishness.” That’s right, those of us who want to retain most of our hard-earned revenues - - those of us who think that we can manage our money to better ends than government agencies can - - we are “selfish.” If only we would practice our “neighborliness” a bit more often…
It’s sad that economics - - a subject that is dry and boring and academic to some, yet it is essential to our very essence as human beings - - has been so horribly trivialized and reduced down to a few simple, emotive categories. And yet the campaign is working phenomenally well. I hear from the “Obama Automatons” on a regular basis, when they call in to my talk show at Washington, DC’s 630 WMAL radio.
Just last Friday I took a call from a gentleman who, with campaign talking points in hand, insisted to me that there is no need for concern about Obama’s economic plans - - he just wants to change course from the “disastrous policies” of the Bush years and return America to the economic prosperity of the Clinton era.
“Oh really,” I said to him, “what was the capital gains tax rate while Bill Clinton was President?”
“I don’t know” the caller replied.
“And what is Mr. Obama proposing for a capital gains tax rate?” I asked.
“I‘m not sure,” he said, “I’m not an expert.”
“I understand” I said to the man. “You’re just reading the campaign talking points and you weren’t expecting any questions from me…”
“I am not just reading talking points” the man shouted angrily. “I work in Obama’s campaign as a volunteer.”
“And yet you still have no idea what you’re talking about with Obama’s economic proposals - - that‘s very interesting” I replied, as I thanked him for his call and moved on.
I suspect there are millions of Americans who have absolutely no comprehension of the substance of Obama’s proposals, yet they have worked for, and will vote for “Hope” and “Change.”
I hope they’re able to enjoy their Sesame Street economic fantasy while it lasts.
Austin Hill is an Author, Consultant, and Host of "Austin Hill's Big World of Small Business," a syndicated talk show about small business ownership and entrepreneurship. He is Co-Author of the new release "The Virtues Of Capitalism: A Moral Case For Free Markets." , Author of "White House Confidential: The Little Book Of Weird Presidential History," and a frequent guest host for Washington, DC's 105.9 WMAL Talk Radio.
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