Political parties are not clear indicators of anything, there being dopes on both sides. We should all be concerned with the basis of the economic message that the two groups are preaching.
Obama’s message is an appeal to class envy – the long time Democratic strategy to convince people that if the other guy has a dollar that is a dollar that you don’t have. They promote this as “fairness” since “they” have something that “you” don’t. Obviously, they do not consider this as fair. Their solution is to take it away from them (tax ‘em) and give it out. They understand that Redistribution is popular - as long as it is the other guy’s wealth that is redistributed. The Dems think that not only should “the rich” pay more in dollars because they have it, they should pay more at a higher rate because they can. Their balancing act is to convince people that anyone who makes more than they do is rich and the target of these policies.
In this model, the symbol of all things evil is Bush’s “tax cuts for the rich”. So, Obama promises to repeal that and cut taxes for everyone else. But half the people don’t pay any taxes. So, the O man gives them money from the Stimulus (Google Making Work Pay) and calls it a tax cut. That is what he means when he says he cut taxes for more than half the people. He borrowed money, gave it away to people who don’t pay taxes in the first place and called it a tax cut - an average of $8 a week for everyone involved. Anyone remember getting that? Can anyone figure out what that stimulates?
The other message is simple - economic freedom - you make what you make and you get to keep it. The premise is that economic growth and wealth creation is a good thing – even if some people make a profit (Oh the horror!) while doing so. Profits mean jobs, some jobs that make more than others, but jobs are created none the less.