Originally posted by: Common Courtesy
-snip-
His albatross will be Congress; depending on the makeup, will expect a rubber stamp from him if the Dems have full control. The country can not afford a rubber stamp on spending - it has to be curtailed to get the budget under control first and then let the economy grow to support additional wish lists.
I think that's exactly right.
Clinton had that same problem, and after the Repubs took over Congress he had to move to the right.
I think Obama is gonna get pushed around by the Dem Congress (Pelosi and Reid will still be in-charge) so I expect some rather unpopular legislative initiatives etc to ensue.
Traditionally, we seem to have usually had a Dem controled Congress with a Repub in the WH. Very few of the Dems elected to the WH have ever made it to a second term (Clinton is the only one in th elast 70 years), my guestimate about this that the Dem controled Congress with a Dem President has not gone well. I suspect that may happen again.
Racism is a touchy issue, but I think if Obama is elected Prez we may see this issue flair up in different ways, most for the worse. There have been several race groups already pushing/criticizing Obama for his lack of pursuing more race-based policies. It's rarely in the MSM, but I think we'll see it if he's elected; things like reparations etc. I also expect criticism of Obama will be seen as racially motivated by some etc.
As far as taxes, anybody thinking that raising them for the wealthy few is gonna have much result is incorrect, I'm afraid. Firstly, there just aren't many of them; secondly many of them can legitimately defer income rather easily. If you really wanna raise revenue, you need to include the HUGE group that is middle class (and maybe those below).
Raising taxes on dividend and cap gains is gonna drive the market lower. Any decent investment decision is made on an *after-tax basis*. Increased taxes mean your RoR is lower, thus the value of the asset (stock) is lower.
Guns? While that's mostly a SCOTUS issue, I guess we'll see efforts by the Dem Congress to re-enact some bans.
SCOTUS judges? Seems to me the ones mostly to retire anytime soon are the liberal judges, so the current balance will likely be maintained.
I don't see UHC (really UHInsurance) working well. Too may people who HAVE health insurance end up bankrupt when there are major medical expenses.
I don't see any Iraq difference no matter who wins the WH.
Economy & Energy policy? For all the talk and jive, the government hasn't much to do with this. I suppose they could refuse to allow more drilling keeping gas prices unneccessarily high and causing some stubborn inflation that interest rates can NOT combat effectively.
Aside from drilling I don't see much difference. Both side wanna impose the stupid Cap-n-Trade crap that is nothing more than an additional tax (more inflation due to higher energy costs). If taxes go up now for most people it'll slow demand and worsen the economy unless foreign demand picks up the slack; but that would require a continuing weak dollar.
The restiction on 1st Amendment rights on broadcasting
may pass (I can't remember the name of it). This is gonna cause a big problem if passed IMO.
I also predict new and rather unpopular programs will arise (all for our own good) under one party control. Not sure what they'll be, But I do expect it to happen.
Fern
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