Thursday, July 16, 2009
Unlike Clinton, who had no core economic or political beliefs, Obama is a true believer in Statism. Obama will govern without regard to opinion polls. He will gladly sacrifice a second term in order to force his statist agenda on the country. Accordingly, opinion polls are irrelevant. The U.S. is stuck with Obama for four years.
Most Americans won't recognize the economic landscape of this country in 2012. The private sector will be greatly diminished relative to the public sector. Health care, energy production, much of the financial sector and automotive production will be under the effective control of the federal government. Many, if not all, state pension plans will be assumed by the federal government as states buckle under the weight of these plans. Ditto for private pension plans. Top marginal tax rates will be over 75%, crushing incentives for investors. Private sector job creation will be negative.
Sadly, in this environment I suspect America will double-down on Obama and give him four more years.
I have more faith in American voters than you do. If unemployment is still high next year I think the Democrats will get roasted in the mid-terms and if the economy is still weak in 2012 I think Obama is a one-termer. The economy has gone Galt and the Democrats will pay.
I believe Anon 10:42 was referring to the phenomena known as Schadenfreudemocrat , that feeling you get when watching our Democrat politicians destroy themselves and the country every day.
Which recent President does Obama most admire? how least?
I'd say Reagan and Clinton. Obama has spoken favorably of Ron -- Obama wants to be the anti-Reagan.
He probably thinks Clinton squandered an opportunity to be "great" by wanting to be re-lected.