Saturday, November 01, 2008

Let's track these Obama "certainties"

Pete du Pont in a WSJ editorial (LINK) says that these seven things are "certainties" with an Obama administraiton. It will be interesting to track du Pont's predictive capabilities.
  • The U.S. military will withdraw from Iraq quickly and substantially, regardless of conditions on the ground or the obvious consequence of emboldening terrorists there and around the globe.
  • Protectionism will become our national trade policy; free trade agreements with other nations will be reduced and limited.
  • Income taxes will rise on middle- and upper-income people and businesses, and individuals will pay much higher Social Security taxes, all to carry out the new president's goals of "spreading the wealth around."
  • Federal government spending will substantially increase. The new Obama proposals come to more than $300 billion annually, for education, health care, energy, environmental and many other programs, in addition to whatever is needed to meet our economic challenges. Mr. Obama proposes more than a 10% annual spending growth increase, considerably higher than under the first President Bush (6.7%), Bill Clinton (3.3%) or George W. Bush (6.4%).
  • Federal regulation of the economy will expand, on everything from financial management companies to electricity generation and personal energy use.
  • The power of labor unions will substantially increase, beginning with repeal of secret ballot voting to decide on union representation.
  • Free speech will be curtailed through the reimposition of the Fairness Doctrine to limit the conservative talk radio that so irritates the liberal establishment.
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