Larry Kudlow notes the Reaganite rapidly emerging in John McCain:
Sen. John McCain gave two economics speeches in the last 48 hours. They were very strong, pro-growth, and pro-energy production. McCain also is finally slamming Obama on taxes and energy. Yesterday in Denver, the senator said, “If you believe you should pay more taxes, I am the wrong candidate for you. Sen. Obama is your man. The choice in this election is stark and simple. Sen. Obama will raise your taxes. I won’t.”
This is good. Strong. I hope it’s the beginning of a Big Mac resurgence under the new management of Steve Schmidt, who is effectively running the campaign as of this past weekend.
McCain also slammed Obama on energy, essentially labeling him Doctor No. In the Denver speech McCain said, “My opponent’s answer is no to more drilling; no to more nuclear power; no to research prizes that help solve the problem of affordable electric cars. For a guy whose ‘official seal’ carried the motto, ‘Yes, We Can,’ Sen. Obama’s agenda sure has a whole lot of ‘No, We Can’t.’” This also is good.
Increasingly McCain is shifting his positions towards the supply-side: across-the-board tax cuts, keeping the Bush tax rates on investment, slashing the corporate tax rate, doubling the child deduction for family dependents, cutting pork-barrel spending, and producing more energy.
As I’ve said very often, Obama’s policies are right out of Jimmy Carter’s playbook – they’ve hardly been modified since Carter proposed them back in the 1970’s, when Carterism was orchestrating “stagflation” in our economy and American surrender around the world. If we’ll just sweat a bit more in summer, freeze a bit more in winter, ride the bus and turn our wallets over to Obama and his Democrats, all will be well…and please pay no attention to the fact that Obama and his Democrats won’t be joining you in the new era of limits…they need their proligate ways because, well, they are important – and smarter than you, anyways. Meanwhile, John McCain is issuing a bold challenge to the American people which, boiled down, says “I will clear your path if you are willing to work hard for yourselves and your families”. We’ll find out in November if we’re still strong Americans, or whether we’ve taken a sharp turn towards Euro-socialist despair and decline.