Posted by
Steve on Saturday, November 15, 2008 9:11:05 AM
The Barack Obama administration is starting to take shape and it looks like it will give us change. Change back to the policies of the Clinton administration. Over 2/3 of the current appointments have been former Clinton administration appointees. If Obama was going to give us change, I am not sure that this is the change that most of his followers had in mind. If they wanted to go back to the Clinton administration, they had Mrs. Clinton as a candidate. She would have fit the bill much better than Barack Obama.
We can also see some other signs of what the Obama administration will do. One is that any industry that wants a bailout will be able to get a bailout under an Obama administration. The Democrats are currently talking about bailing out the auto industry. If they bail out the auto industry, could others be far behind? The strings attached to the bailout should be a killer, but the auto makers seem not to care about the strings. The government basically wants to be able to tell the auto makers what autos they will be able to manufacture, not what the public wants. This will mean that more and more people will go to the foreign auto makers to find the cars they want, rather than Detroit where they get cars they do not want. The bailout will just be a stop-gap to foreclosure. The government knows nothing about what the public wants. How could Detroit keep the government happy and make what the buying public wants? It is an impossible task and one doomed to failure.
Even government entities are lining up to get bailout money. Cities put in a request that they be included in the bailout. Their justification is that they are where people live and they need to give services to those people. It is the job of the local people to provide the services they want and need. It is not the job of the federal government to come in and provide services that the local people should provide. If the local government is so inefficient that it cannot provide the services it is supposed to do, it is the responsibility of the local people to remove the leaders and get new ones. The problem is that the inefficient local leaders are big into Democrat politics. If the public rose up and removed the inefficient local leaders they might put in Republican leaders that could actually provide the services at lower costs. That would never do for Democrats. Their voting blocks would then diminish as the public learned how efficient Republicans are at providing services at lower costs. That is why cities and counties will get bailout dollars. The Democrat politicians have to be propped up at any cost. You cannot allow anyone to have a chance to vote for any evil Republicans at any time.
Other signs of problems caused by an Obama administration are the buying habits of the wealthy and near wealthy. They are the ones that will have a higher tax rate under an Obama administration. They have started cutting back on their purchases. That is reducing the volume of sales at retail stores, especially auto dealers. It is reducing the building industry to almost nothing. Contractors are really feeling the pinch as people are less likely to remodel or build new construction. That means people are being laid off from work. That is slowing down the economy. As long as the threat of higher taxes on the “wealthy” hangs over their heads, the economy is in for rough times. When the taxes on the wealthy will be reduced, you will see buying pick up and people will go back to work. Since Democrats control both houses of Congress and the Presidency, higher taxes on the wealthy and really everyone are on the docket. I can see a recession or depression for the entire Obama Presidency. The slowdown in the economy will not occur until the “wealthy” either gets used to the higher taxes or their taxes get reduced. As long as Democrats control things, that would be four years or more. Bad times are ahead for the United States and the world.