His Democratic opponent will simply perpetuate the antigrowth policies of Taft--presumably without the corruption.
Obama's proposals for drastic energy-tax increases and other antiopportunity, antigrowth levies will arouse escalating opposition.
During the 1930s, for instance, there were deep misgivings about many of FDR's antigrowth initiatives.
The 2010 election fight is about uprooting Washington's antigrowth mind-set regarding the role of federal government.
The International Monetary Fund deserves its share of discredit for pushing antigrowth, pro-inflation, pro-big-tax prescriptions on Argentina.
His policies are antigrowth, and they hit small businesses, the creators of most new jobs, especially hard.
The IMF's antigrowth programs played an unappreciated role in destroying the former Yugoslavia.
It routinely prescribes dreadful antigrowth policies, such as higher taxes and the inflation-inducing debasement of domestic currencies through big devaluations.
In its rush to pass weak health care and financial reforms Congress has created a hornet's nest of antigrowth provisions.
Then dare Mr. Obama to try to defend an anticompetitive, antigrowth tax.
And at some point Congress will have to clean up the antigrowth messes in the Sarbanes-Oxley Act that are disproportionately damaging small and medium-size companies.
Paying IMF bureaucrats in the currencies of the countries they advise instead of in income-tax-free dollars (as they currently are) would be one way to reform this antigrowth monster.
Instead of still more antigrowth tax hikes, he should break the grip on the state legislature of his party's special interests public employee unions, trial lawyers, teacher unions and extreme environmentalists.
Its antigrowth economic policies since the 1970s--the kind admired by Obama--have led to an increasingly serious malaise that is impacting its politics: the Left Party, successor to the East German Communist Party, could become part of the government after next year's elections.
And, indeed, Washington is culpable to the extent that it has not curbed the antigrowth proclivities of the IMF (thankfully both Argentina and Brazil no longer owe this agency money and thus can, if they wish, pursue sensible economic policies) and our own Treasury Department, which remains in thrall to the belief that high taxes and inflation-inducing currency devaluations are the path to wealth.
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