Well, Barack Obama will be the next president of the united states. I speak for about 52% of the country (and who knows how much of the rest of the world) when I say w00t! Now onto the criticism.
The Vancouver Sun just published a column explaining that Obama can't possibly deliver on all of his promises. I tend to agree that even with Obama's proposed taxes he can't possibly deliver universal health care, alternative energy, and a puppy in every house, the Sun seems to believe that he can't even raise taxes:
His plan to raise capital gains taxes, the first such tax increase since 1986, is a non-starter. Similarly, he will have to moderate his proposed tax increase for households with incomes above $200,000.
Um, what? He will have to moderate his plan to repeal the historic tax cut of 2001, which is set to expire in 2010 without renewal? Why, exactly will he have to do that? And what about raising the capital gains tax is a "non-starter"? A faulty spark plug, or a vague, unspecified problem which has yet to determined but will nonetheless ruin everything?
You know what else is a "non-starter"? Limiting executive pay. But it passed in the bailout.
In fact, the bailout itself was a non-starter according to Pelosi. While it's true the government put in some oversight, the plan that passed was pretty similar to his proposal.
Error rating: 3. This whole article is saying "no, that won't work" without saying why.