Forbes ^ | may 3, 2012 | Peter Ferrara,
In his weekly radio address on April 14, President Obama displayed his lifelong commitment to an ideological extremism of pure theory unhinged from reality. That failure of leadership is why America is in a scary downward slide that will not stop until fundamental change is made at the top.
The bottom line is that raising tax rates on investment income to finance increased government spending could not be a more confused, upside down policy to promote economic growth. It reflects only Obama's extreme, neo-Marxist ideology, which is fundamentally offended by investment income flowing to "the rich."
In sharp contrast, presumptive GOP nominee Mitt Romney in his remarks April 24 in New Hampshire displayed a keen fundamental grasp of how America's capitalist economy works, saying, "I have a very different vision of America, and of our future. It is an America driven by freedom, where free people, pursuing happiness in their own unique ways, create free enterprises that employ more and more Americans. Because there are so many enterprises that are succeeding, the competition for hard-working, educated and skilled employees is intense, and so wages and salaries rise."