You may have heard by now, but it's worth repeating, the Chicago Tribune has officially endorsed Obama. Why is this newsworthy? Because the Chicago Tribune is by no stretch of the imagination a liberal newspaper, and in its nearly 150 years of existence, has never endorsed a Democrat for president before. I especially like the reasoning they gave for supporting Obama over McCain based on their economic policies.
It is, though, hard to figure John McCain these days. He argued that President Bush's tax cuts were fiscally irresponsible, but he now supports them. He promises a balanced budget by the end of his first term, but his tax cut plan would add an estimated $4.2 trillion in debt over 10 years. He has responded to the economic crisis with an angry, populist message and a misguided, $300 billion proposal to buy up bad mortgages.
We do, though, think Obama would govern as much more of a pragmatic centrist than many people expect. His economic policy team is peppered with advisers who support free trade. He has been called a "University of Chicago Democrat"--a reference to the famed free-market Chicago school of economics, which puts faith in markets.
Hmnn, someone I was recently having a discussion with argued that Obama would be disastrous for the country economically. It seems that not even conservative newspapers believe that argument.