Silky Pony to mimic Mondale
From the AP:
Presidential candidate John Edwards is offering more policy proposals than any other candidate in the primary and his ideas are winning loud applause from Democratic audiences.
The question is whether other voters will cheer when they see the price tag — more than $125 billion a year.
Edwards is quick to acknowledge his spending on health care, energy and poverty reduction comes at a cost, with more plans to come. All told, his proposals would equal more than $1 trillion if he could get them enacted into law and operational during two White House terms.
...
Edwards says fixing the country's problems takes precedence over eliminating the deficit or offering middle-class tax relief like he proposed when running for president in the last election.
"I think for me, as opposed to the additional tax relief for the middle class, what's more important is to give them relief from the extraordinary cost of health care, from gasoline prices, the things that they spend money on every single day that are escalating dramatically," Edwards said in a recent interview with The Associated Press.
To pay for some of his priorities, Edwards would roll back Bush's tax cuts on Americans making more than $200,000 a year. He also said he would consider raising capital gains taxes to help fund his plans and raise or eliminate the $90,000 cap on individual earnings subject to Social Security taxes to help cover the projected shortfall in the system.
Hmmm. This sounds awfully familiar. Where have I heard this kind of "raise your taxes" thing before?
Edwards' ideas have already opened him to accusations of being just another tax-and-spend liberal, a label put on Walter Mondale, the 1984 Democratic presidential nominee who said he would raise taxes and then lost 49 states to President Reagan.
At least the only state Mondale won was his own state. That's more than Al Gore (and Silky Pony, in 2004) can say.
Labels: economic ignorance, John Edwards, socialism
<< Home