Economic situation limits Obama's potential damage
One of my reasons for being somewhat less afraid of President Obama than I was some months ago is that the current financial and economic turmoil will limit how much he can tax, spend, and socialize.
And regarding an issue that's particularly important to me, I have argued that "cap and trade" or similar legislation designed to deal with the hoax of man-made global warming, will also be extremely difficult to pass during a time of a weak economy and high energy prices.
Now even the AP is acknowledging that likelihood in a Sunday news story entitled "Economic woes chill effort to stop global warming."
And if the AP weren't enough of a leftist source for you, the San Francisco Chronicle is making the same argument:
I don't suppose there's much point in telling the AP reporter that "global warming" appears to have stopped in 1998 (or in 2001, if you look at satellite data). The media has drunk the global warming kool-aid, much to the financial benefit of Algore, the Sierra Club, and other opponents of economic liberty.
I would also note that on this particular issue, Obama and McCain agree...it's one of my biggest problems with John McCain and one of the main reasons I probably won't vote for him.
Just as I had argued that events on the ground will keep Obama from pulling out of Iraq in a precipitous fashion, the economic situation will keep him from implementing his dream of a socialist America.
It makes me all the more confident in my view that the GOP must not be made to believe they can or should win with candidates who support things like McCain-Feingold, Cap and Trade legislation, or the government buying bad mortgages and saddling taxpayers with the losses. If we're going to have a socialist, let it be a real socialist and let the Democrats get the much-deserved blame for what will happen.
Yes, we will all suffer for it, but we'd suffer under McCain too. If the Republicans learn that they need to give truly economically conservative candidates to win, we'll all be better off in the long run.
The best argument for McCain is the Supreme Court. It is indeed a strong argument. But at the end of the day, I can't support a candidate as flawed as John McCain just because he's better than the other guy. A McCain victory is a modest short-term win and a substantial long-term loss for people who believe in the principles of the American founding.
Democrats will be incapable of improving the terrible financial and economic conditions we'll be seeing for at least the next year because they don't know how to do anything but raise taxes...exactly the wrong medicine for what ails us. They probably won't be able to raise taxes, however, and they will finally get the blame they deserve for the situation...the blame they should be getting now but for the refusal of the dominant liberal media to expose what should be obvious and the pathetic weakness of the Republican attack on the Democrats' corruption of Fannie Mae, and Fannie's corruption of Democrats in return.
When even the AP begins to acknowledge that Obama's power to destroy the economy is threatened by the economy's already weakened state, I feel somewhat less nervous about a President Obama, even though I will be even more ashamed of my country for electing him than I was when we (or they, in this case) elected Bill Clinton.
|Print article||This entry was posted by Rossputin on 10/13/08 at 12:37:03 am . Follow any responses to this post through RSS 2.0.|