Sunday, October 10, 2004

Kerry's awful economic policies

George Gilder dissected Kerry's economic plans, policies and influences (like Robert Rubin and Paul Krugman) in the Wall Street Journal earlier this week. Read the whole thing. But here is an excerpt:

The U.S. today stands at a crossroads. The key economic issue confronting the next president is whether to embrace the policies of decline and sclerosis that afflict old Europe and have left generations of young people unemployed; or whether to enlist with Asia in the supply-side policies of dynamism and growth that have brought more human beings out of poverty than any other regimes in world history.

It should be an easy choice. The American left once displayed a real concern for poor people, but today they exhibit merely a morbid envy of the rich. Once they supported American engagement in the world. Today, they retreat to a timorous parochialism. Now it is President Bush who shows compassion for the world's poor and confidence rather than timidity before the forces of global capitalism. It is Mr. Bush who is embracing Asian dynamism rather than Eurosclerosis. For America, that is the winning side.

No comments: