In retrospect, I suppose one could say it is unfortunate Americans did not elect either Al Gore in 2000 or John Kerry in 2004. If we had, the voting public would perhaps be blaming them for any inevitable economic difficulties we may have, even though the news media and congressional Democrats would certainly be doing their best to blame it on Republicans. And even more important, this 2008 election outcome and its potentially fatal blow to the future of our country probably would not have happened.
But it did. We can now try to prepare ourselves for -
1. Redistribution of income from the economic growth generators to the unmotivated beneficiaries of government handouts. By the way, I am one who firmly believes there are way too many enormously overpaid people, primarily in financial services, the legal profession, and CEO's throughout commerce and industry. They make much more money than they are worth, and they should pay significantly higher taxes if their Boards of Directors cannot reign in the outrageous compensation packages. In fact, many hedge fund and private equity managers belong in jail, and all the money they made looting companies over the last decade should be impounded and used to pay for the damage they have done to companies and employees.
But it doesn't make sense to burn down the whole orchard to eliminate some of the bad apples. In far greater numbers are those entrepeneurs and small private business owners who create successful businesses and create the majority of jobs in our economy, and most are worth every penny of the earnings they take home. There is no logical reason to punish them with higher taxes.
2. Higher government spending for existing entitlement programs, new social initiatives and politically correct special interest agenda's, accompanied by astronomical federal budget deficits. The rapid expansion of borrowing by the federal government will lead to higher interest rates for everyone who buys a home, purchases a car or has a business that needs working capital.
3. Higher corporate taxes, which will ultimately be paid for by consumers as businesses raise prices, and result in productive companies moving their operations to foreign countries that allow them to be more competitive.
4. Higher capital gains taxes, reducing the incentives necessary for capital investment that are critical for economic recovery and sustainable growth.
5. Nationalization, or federal government take-over, of the financial and health care industries, as well as possibly the auto and energy industries. This repudiation of capitalism and turn towards government directed and managed industrial policy will ensure the misallocation of capital resources, destroy productivity, suppress workers wages and restrain economic progress and growth for many years to come.
Regarding energy, at a minimum we can expect continued bizarre policies of limited oil and gas production and restraints on nuclear power generation, including probable "windfall profits" taxes. These actions will result in scarcity of energy resources, higher energy prices and continued reliance on foreign sources.
6. Economic isolationism and protectionism. From abrogating existing trade agreements to creating new barriers to free trade, these actions always result in sharp contractions of international commerce due to retaliatory measures from trading partners. This not only leads to higher prices for goods and services, but is well known as one of the primary reasons for the depth and prolongation of the Great Depression of the 1930's.
7. The return of productivity destroying thuggish labor unions to power, and the end of right to work laws.
8. Packing the federal judiciary with liberal judges who use the courts to make law according to their personal viewpoints rather than decide cases by interpreting existing law as it was intended.
9. Irresponsible campaign finance and voter registration laws that ensure elections can be bought by whichever special interest groups contribute the most money, and that fraudulent votes (non-existent or ineligible voters) will continue to be counted.
10. Legislation to limit free speech with the preposterously named "Fairness Doctrine", the sole purpose of which is to prevent opposing opinions from being heard.
11. A reduction in defense spending, which puts our country more at risk in an increasingly dangerous world of belligerent adversaries armed with weapons of mass destruction.
12. Surrender of our national interests to world organizations, such as the United Nations, controlled by bureaucrats, left wing politicians and third world tyrants who protest and oppose everything the United States of America stands for while expecting us to pay for their ability to do so.
Every one of these policies and actions are detrimental to the prosperity and ultimate survival of any nation. And I haven't even mentioned the issues of immigration, education and what can be done to address the out of control entitlements of social security and medicare. Rest assured that these issues will each be handled in the wrong manner by our ultra-leftist new government.
The United States is now clearly on the path to becoming a socialist country, pure and simple. The old Democratic Party does not exist anymore. It has been hi-jacked by the far left elitists who are arrogant enough to believe Americans should live our lives as they see fit. Our new leaders might as well go ahead and change their name to the Communist Party of America. Karl Marx was right. Our democracy did sow the seeds of its own destruction.
But we are not without hope. The majority of Americans are still centrist in nature. The left-wing propaganda machine has been extremely successful in brain-washing the American public into thinking the country was going down the drain and evil Republicans were responsible, even though until recently the economy was growing at above average rates, unemployment was low, nearly anyone could buy any consumer product they wanted, and our country had been kept safe from terrorist attack ever since 9/11/2001. The propagandists proved the word is mightier than the sword, because words can misinform, mislead, deceive and establish false information as fact.
There is no doubt that Americans will discover over the next few years that the socialists have deceived them. Their policies are doomed to failure, and we must make sure we maintain our resolve in protecting the basic freedoms Americans have always enjoyed. We cannot let these socialists hi-jack our country and lead us down the path of declining personal freedom and eroding standards of living. As long as we continue to fight for our constitutional rights that are becoming more and more precarious, conservatives, independents and the more moderate liberals will be able to offer better solutions for renewed prosperity, social justice and individual rights - and we will take our country back from those who rely on lies and false promises to win elections.
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