History on the Side of Obama's Economic Plan

For a detailed yet emminently readable assessment of the differences between the economic policies of Obama and McCain, and what history has to say about the probable outcome, check out this terrific article in the New York Times by Alan Blinder, a professor of economics at Princeton.

The issues discussed include the overall growth of the economy and the incredible income inequality which has been exacerbated by recent policies.

This is particularly pertinent since McCain is out on the campaign trail lying about Obama's plan to raise taxes -- the Democratic plan would only raise them on incomes over $250,000 -- versus the Republican plan to keep in place indefinitely the current Bush tax code which offers preferential rates to the very wealthy and penalizes the middle class. It all boils down to math, kids, and unless you're a multi-millionaire, the Republicans are screwing you and giving a boost to their billionaire buddies. How does it feel to be played like a chump, anyway?

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