NCAAbbs

Quote:Minute Six: Taking the long view. McCain's advisers talk about dynamic -- not static -- analysis, looking at the growth and competitive environment generated by tax cuts. The Institute for Research on the Economics of Taxation finds that the McCain tax plan would add 0.5 percent to the annual growth rate for the private sector for five years. Obama's plan would subtract 0.7 percent a year in growth for the same period. As Steve Entin of IRET notes, politicians have hurt growth before by ignoring such effects.

The Obama vision is all static. It's better to redistribute, he says, because we sure aren't going to grow. This attitude ignores the possibility of expansion, and it's one that many lawmakers share, seeing only belt-tightening in the future. On some days, these gloomsters even include McCain.