What would you call a group of economists who are skeptical of regulating mortgage markets, who think unemployment insurance and unions increase unemployment, who say that tax hikes retard economic growth, and who believe that the recovery from the Great Depression was a monetary phenomenon rather than the result of New Deal fiscal policy?
No, it is not a right-wing cabal. It's Team Obama.
Tuesday, December 02, 2008
Mankiw on Obama's econ team
Mankiw looks at statements made by members of Obama's economic team and finds they're dead wringers for right wingers:
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2 comments:
Many, many on the right are saying things like:
When President-elect Obama says that he may have to delay tax increases on the top 5% of earners because of the current crisis, he admits that they are a generally bad idea in good economic times.
I'm not prepared to say that yet. As much as I'd love to see the investor taxes (capital gains and corporate income taxes an even estate taxes) reduced or even eliminated, income taxes are fair and just.
My thoughts are that income taxes are completely transparent, while the others are either hidden (corporate taxes that are really sales taxes passed on to consumers) or double taxation.
I think I spelled "ringer" wrong, in this context.
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