The only good that has come from Newt's campaign is that Santorum and Romney are getting some practice in parrying Newt's anti-capitalist one-liners. They will be better campaigners against Obama because of Newt.
I suggest that both candidates agree that they are unrepentant proponents of free-market economics. In other words, they side with about 70 percent of the American people. We gave Obama his chance to get the economy back on the path to growth, and he blew it. Worse, he saddled the country with a burden that it will take years to relieve. The community organizer in the White House brought down on America four straight years of deficits, and they were hardly normal deficits. They were all above $1.29 trillion. He initiated an unprecedented four years of federal spending at more than 24 percent of GDP! Now he wants to tax the top 2 percent of income earners to balance the budget somewhere down the road.
Does anyone believe the remaining 98 percent of Americans are not going to be hit by Obama's taxes and very soon? We are headed toward Greece.
This is not the road to growth. It is the road to serfdom, as the great economist F.A. Hayek warned. This presidential campaign should be waged on the topic of President Obama's last four budgets and the onerous burden of ever paying for them.
R. Emmett Tyrrell Jr. is founder and editor in chief of The American Spectator and an adjunct scholar at the Hudson Institute. His most recent book is "After the Hangover: The Conservatives' Road to Recovery." To find out more about R. Emmett Tyrrell Jr. and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate Web page at www.creators.com.
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