Larry Kudlow Misses the Forest for the Clinton
National Review's The Corner: Moving Sharply Left
Hillary, Obama, and Edwards are all running as lefties - anti-growth, anti-business, anti-war, and anti-capitalism.This past Friday, Mrs. Clinton announced her profound aversion to oil company profits and cited ExxonMobil as enemy number one. (Thanks to a link from Matt Drudge, almost 200,000 YouTube visitors heard Hillary's anti-capitalist tirade. In case you missed it, it boils down to nothing more than confiscating private property.)
That ought to send a chilling message to investors everywhere.
It certainly should. The relevant transcript from that video, as I heard it:
The other day the oil companies reported the highest profits in the history of the world.I want to take those profits, and I want to put them into a strategic energy fund that will begin to fund alternative, smart energy; alternatives and technologies that will begin to actually move us towards the direction of [energy] independence.
Yes, Hillary Clinton is in favor of confiscating private property. We've known this explicitly for a while, now and far longer if you have your head on straight when it comes to observing the actions of politicians. Where Mr. Kudlow swings and misses is in his lack of condemnation towards, oh, I don't know...everyone else in mainstream politics.
It is not an exaggeration at all to say every single American politician in office is in favor of "confiscating private property" and justifying it at least partially under terms such as "the common good." Taxing people to pay for the military, environmental concerns, welfare, industry regulation, and everything else the state does occurs daily and is endorsed by even the most ardent limited-government Republicans and Libertarians running for office.
Mr. Kudlow is either ignorant of what he's saying or he doesn't honestly mean it.
UPDATED 7/19/2007 2:23pm
More on Mr. Kudlow: Fuck Taxes, Flat or Progressive and Larry Kudlow, What Unbridled Free Market Capitalism?