Disastrously Antigrowth

Obama's economic policies are disastrously anti-growth. Health-care policy would substantially raise costs, reduce the quality of care and reduce people's control over their own health-care decisions--a lose, lose, lose. There has been no progress on trade policy, bilateral or multilateral, and there are significant risks of a major backlash against free trade, particularly related to the cap and trade bill. Tax rates will rise dramatically, with proposals now to raise the highest federal tax rate to 45%, and that does not include all the new taxes.

When you get to 2012, or even 2010, you're looking at serious potential consequences for the Obama administration. I think his economic team is probably telling him this. But Obama is truly ideologically committed to the leftist agenda of expanding government in irreversible ways. I don't think economic growth is very high on his list, and perhaps he is even willing to risk not being reelected.

Charles W. Calomiris is a visiting scholar at AEI.

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Wednesday, September 03, 2014 | 9:00 a.m. – 10:30 a.m.
From anarchy to Augustus: Lessons on dealing with disorder, from Rome’s first emperor

We invite you to join us for two panel discussions on how Augustus created order from chaos 2,000 years ago, and what makes for durable domestic and international political systems in the 21st century.

Wednesday, September 03, 2014 | 12:00 p.m. – 1:30 p.m.
Multiple choice: Expanding opportunity through innovation in K–12 education

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Thursday, September 04, 2014 | 12:00 p.m. – 1:30 p.m.
How conservatives can save the safety net

Please join us for a luncheon event in which our panel will discuss what conservatives can learn from how liberals talk and think about the safety net and where free-market economics, federalism, and social responsibility intersect to lift people out of poverty.

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