Hillary’s Anti-Market Bias
Over at Reason Online Steve Chapman outlines the problems Senator Clinton has with markets.
Obama, by contrast, acknowledges the bitter truth that when government regulators clamber into a carriage, it can easily turn into a pumpkin.
Their approaches to the problem are not an aberration but a symptom of a larger difference. Obama is not a staunch free marketeer, but he grasps the value of markets and shows some deference to economic laws. Clinton, however, tends to treat both as piddly obstacles to her grand ambitions.
You don’t have to take that from me. Some on the left see the Illinois senator as suspiciously unenchanted by their goals and methods. Robert Kuttner, an economics writer and co-editor of The American Prospect, scorns Obama’s advisers as “free-market guys who want to use markets to somehow solve social problems, which is like squaring a circle.” New York Times columnist Paul Krugman denounced Obama because his health care and fiscal stimulus plans “tilted to the right” and concludes he is “less progressive” than Clinton.
If it came down to it, I’d rather have Obama than Clinton, and for that matter I’d rather have Bill Clinton as well. With Senator Clinton I see her as arrogant, in that she knows what is good for other people and will force that view on them. One of the things Senator Clinton said over three years ago still sticks with me,
“Many of you are well enough off that … the tax cuts may have helped you,” Sen. Clinton said. “We’re saying that for America to get back on track, we’re probably going to cut that short and not give it to you. We’re going to take things away from you on behalf of the common good.“–empahsis added
Sounds great, but I always wonder how far people will go in pursuit of the “common good”. Senator Obama seems to understand that there is a limit, I’m less convinced that Hillary understands this. I have to say, I hope Senator Obama wins the nomination…I might actually find myself considering voting for the Democratic candidate.