The conventional wisdom has been that, as the Democratic race for the 2008 nomination is shaking out, Hillary Clinton is the candidate running from the "right" - not as a real conservative, of course, but as more conservative than the other major candidates, particularly on national security and Iraq policy. In her DNC speech the other day, she makes sure no one mistakes this for any form of economic conservatism by advocating "taking" the oil companies' profits:
Larry Kudlow relates that P.J. O'Rourke described Hillary as "Hugo Chavez in a pantsuit" on CNBC this weekend. Quite apt.
Hillary and others have not specified whether they also plan to "take" the profits of the many industries and companies which earned a greater profit margin than Big Oil last year, including Coca-Cola, Microsoft, and McDonald's. Naturally, her call for confiscation of private profits didn't merit any reaction at all from the Left or the fMSM, since it fits in well with their theory of economics.
And they said Communism was dead . . .