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  • Like Father, Like Son (IBD Series: The Audacity Of Socialism)

    08/18/2008 5:58:22 PM PDT · by Kaslin · 8 replies · 354+ views
    IBD Editorials ^ | August 18, 2008
    Election '08: Barack Obama's economic blueprint sounds like one his communist father tried to foist on Kenya 40 years ago, with massive taxes and succor shrouded as "investments."As a Nairobi bureaucrat, Barack Hussein Obama Sr. advised the pro-Western Kenyan government there to "redistribute" income through higher taxes. He also demonized corporations and called for massive government "investment" in social programs. Writing in a 1965 scholarly paper, Obama's late father slammed the administration of then-President Jomo Kenyatta for moving the Third World country away from socialism toward capitalism. He chafed at the idea of relying on private investors — who earn...