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Obama has even been softening his language on corporate taxes. He told the Wall Street Journal in June that he would be open to reducing corporate tax rates. But it is unclear whether he really means it. Just a couple of months ago he told Tim Russert on Meet the Press that planned reductions for corporate taxes were “the exact wrong prescription for America.”
It should come as no surprise that Obama is abandoning ultraliberal positions on the economy. As on a host of other issues from Iraq to the Second Amendment to campaign financing Obama is shifting ground on pocketbook economic issues as he enters the general election race. While conservatives may roll their eyes in disbelief, the newer Obama who sounds more moderate on the economy may present an attractive portrait, especially to key independent voters.
It will be up to the McCain team to probe whether this newest incarnation of Obama is merely a facade and to explain that Obama did not gain his rating as the most liberal member of the U.S. Senate by osmosis. How successful McCain is in bursting the bubble of the new and improved Obama will, in large part, determine who wins the election.
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