Sunday, October 19, 2008

Powell Comments Further on the Campaign

More Powell comments after his Meet-the-Press interview.

Money quote is Powell taking on the latest campaign tactic of calling Obama a "socialist." Keep in mind, Powell is criticizing this tactic from a Republican fiscal conservative point of view:

Now I guess the message this week is, "We're going to call him a socialist, Mr. Obama is now a socialist, because he dares to suggest that maybe we ought to look at the tax structure that we have."

Taxes are always a redistribution of money. Most of the taxes that are redistributed go back to those who paid them, in roads and airports and hospitals and schools. And taxes are necessary for the common good. And there is nothing wrong with examining what our tax structure is or who should be paying more, who should be paying less. And for us to say that that makes you a socialist, I think is an unfortunate characterization that isn't accurate.


I don't want my taxes raised. I don't want anybody else's taxes raised. But I also want to see our infrastructure fixed. I don't want to have a $12 trillion national debt, and I don't want to see an annual deficit that's over $500 billion heading toward a trillion. So, how do we deal with all of this?

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