Tuesday, December 20, 2011

The Wrong Emphasis

A recent Gallup poll asked respondents to rate the importance of alternative federal policies, as reported in The Washington Post.
The public saw both economic growth and redistribution as worthy objectives — but put the former well ahead of the latter. Some 82 percent said growth was either “extremely” or “very” important; only 46 percent said “reduc[ing] the income and wealth gap between rich and poor” was “extremely” or “very” important.
It appears that once again President Obama has misread the public mood, as he did with Obamacare. He's now out there selling a product - income redistribution - for which we are not customers.