To a person, each Democratic presidential candidate wants to undermine the global war against jihadist terrorism -- wherever it may be, and especially in Iraq. The Democrats see a civil war in Iraq, where the Republicans view a growing al-Qaida threat. And while Republicans talk about significantly increasing the defense budget and expanding American force levels for all the armed services, the Democrats are hoping for some sort of Iraqi peace dividend upon immediate withdrawal -- one that can be re-channeled into higher domestic social spending.
To a person, each Democratic presidential candidate also wants to raise taxes on the rich and roll back President Bush's tax cuts. The Republicans, however, understand that those tax cuts have propelled economic growth and contributed to a stock market boom. And they recognize that Bush's Goldilocks bull-market economy -- which I call the greatest story never told -- relies on extending the investor tax cuts and perhaps even moving forward with a flat tax or national sales tax.
Finally, to a person, each Democratic presidential candidate also has it in for corporate America. The Democrats discuss various punishments for business -- especially oil companies, but also drug, utility and insurance firms. Not so for the Republicans, who talk about helping businesses and promoting entrepreneurship in our successful free-enterprise economy.
Thursday, May 10, 2007
Are the Democrats doomed?
Larry Kudlow seems to think so: