Looking at Obama's policy proposals

Robert Samuelson takes a look at the 12-point economic plan that the Obama campaign recently released. He's not impressed and doesn't see any great change.

Whatever one thinks of these ideas, they're standard goodie-bag politics: something for everyone. They're so similar to many Clinton proposals that her campaign put out a news release accusing him of plagiarizing. With existing budget deficits and the costs of Obama's "universal health plan," the odds of enacting his full package are slim.

A favorite Obama line is that he will tell "the American people not just what they want to hear, but what we need to know." Well, he hasn't so far.

Consider the retiring baby boomers. A truth-telling Obama might say: "Spending for retirees -- mainly Social Security, Medicare and Medicaid -- is already nearly half the federal budget. Unless we curb these rising costs, we will crush our children with higher taxes. Reflecting longer life expectancies, we should gradually raise the eligibility ages for these programs and trim benefits for wealthier retirees. Both Democrats and Republicans are to blame for inaction. Waiting longer will only worsen the problem."

Instead, Obama pledges not to raise the retirement age and to "protect Social Security benefits for current and future beneficiaries." This isn't "change"; it's sanctification of the status quo. He would also exempt all retirees making less than $50,000 annually from income tax. By his math, that would provide average tax relief of $1,400 to 7 million retirees -- shifting more of the tax burden onto younger workers. Obama's main proposal for Social Security is to raise the payroll tax beyond the present $102,000 ceiling.

Political candidates routinely indulge in exaggeration, pandering, inconsistency and self-serving obscurity. Clinton and McCain do. The reason for holding Obama to a higher standard is that it's his standard and also his campaign's central theme. He has run on the vague promise of "change," but on issue after issue -- immigration, the economy, global warming -- he has offered boilerplate policies that evade the underlying causes of the stalemates. These issues remain contentious because they involve real conflicts or differences of opinion.

So that's the change he's for - taxing young people more and more to pay to give more money to the elderly. I wonder if all those young adoring crowds tearing up at Obama speeches realize what he has in store for them.