Obama economics: New taxes, more regulations

WASHINGTON -- There's a big difference between listening to one of Barack Obama's speeches, as inspiring as they may sound, and carefully reading them and weighing each passage. There is less there than meets the ear. Maybe it sounds good to the unquestioning mind, but much of his thinking doesn't hold up to even the most cursory scrutiny. Many of his suggestions are disturbing because they would move the country in old directions that have never worked in the past. He gave a speech about the economy the other day in Titusville, Fla., that contained many of the thoughts he...

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