December 1, 2008 Icebergs Ahoy!
Asking Sam Slom and Gene Ward for their views on how to revive the economy is like asking the captain of the Titanic for boating safety tips. Predictable to the point of monotony, Slom and Ward both argue that lower taxes will save the day. Make Bush's tax cuts to the wealthy permanent! Support corporate subsidies! That's the ticket! Get government out of the way and all will be great!
If this sounds too good to be true, it is. Both anti-tax, non-regulatory free-marketers, Slom and Ward fail to acknowledge that these very views helped produce the current economic mess. Remember, while lamenting a lost job or low wages or the lack of job opportunities or high gas prices or the high costs of medical care or a diminished stock portfolio, it was Bush, the self-anointed "CEO President," and his free-market buddies who led us into this grim economic state. Slom and Ward may decry the present economic mess, but in the end they argue, without a hint of self-doubt or ingenuity, for the same policies that helped create it in the first place.
Todd Shelly, Hawaii Kai

