Shaking Off Old Labels « The Washington Independent
Jul 31, 2020145.8K Shares2.3M Views
Democratic presidential candidate Sen. Barack Obama’s economic plandrew lots of coverage – and criticism – yesterday. Should he wind up the nominee against Republican frontrunner John McCain, expect Republicans to drag out the usual “tax and spend liberal” label that they regularly reserve for any Democrat.
But if you’re interested in further exploring Obama’s economic thinking, check out this Business Week piece. Many of the advisors Obama surrounds himself with have business consulting backgrounds and are more likely to push for “iPod government” than overreaching federal programs. His phone pals include billionaire Warren Buffett and former Federal Reserve Chairman Paul Volcker. He’s likely to give business a seat at the table, as one consultant put it, but business won’t be permitted to buy all the chairs.
Still, the fact that Business Week’s headline had to ask “Is Obama Good for Business?” lets you know that any Democratic candidate is going to face a fair amount of skepticism about fiscal responsibility from the economic establishment, even after eight years of ballooning budget deficits and out of control government spending under the guidance of the other party.
Paolo Reyna
Reviewer
Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies.
Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most.
In his free time, he loves to travel, watch films, read books, and socialize with friends.
Latest Articles
Popular Articles