October 17, 2008

Quote of the Day I

Daniel Drezner- yet another conservative for Obama- on the "socialist" charge:

Let’s review — in the past two months, the Bush administration, with the bipartisan support of Congress, has essentially nationalized Fannie Mae, Freddie Mac, and AIG. The Federal Reserve has promised to back the commercial paper market. The Treasury Department has purchased equity stakes in nine major banks. Loan guarantees have been thrown at the automobile sector.

After all this, I’m supposed to believe that an increase in the highest marginal tax rate from 35% to 39% is the ne plus ultra of socialism?

I want to see a flat tax as much as the next libertarian, but given the events of the past two months, I just don’t think “spread the wealth” is the tipping point after which the Reds took over America.

Posted by Stephen Silver at October 17, 2008 04:56 PM
Comments

I remember Conservatives using the same 'socialist' line about Bill Clinton. I don't see any reason to believe it now.

Posted by: tainted bill at October 17, 2008 05:29 PM
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