Saturday, November 8, 2008

Forty Four: The "Change" Prez?

For the past eight years we have had a President who, by all accounts, is not the brightest knife in the drawer, at least by traditional academic standards, which to my way of thinking are not all that important. However, for the sake of argument, I'll admit that BO is the anti-Bush when using those same standards. So where does that get us as a country? What will be the differences in how we are governed?

BO is going back to the traditional/Democratic well for his political appointments (Emanuel, Podesta, etc.). What kind of change will result from this? When we look back after four years, I suspect that government will have expanded in our lives at a significantly greater pace at the expense of our ever shrinking personal freedom and personal responsibility. Democrats do not really care about the private economy, because liberals live off the public sector. They take our resources in the form of greater taxes, fees, and regulations under the auspices of providing "services" which otherwise would have been provided by the private sector more efficiently. Those same services will now be administered with an onerous and generally incompetent layer of government bureaucracy.

Real wealth creation (and hence tax revenue) will diminish, so government will have to fund itself with artificial wealth, better known as inflation (higher wages and prices for the same or lesser amounts of goods and services). This has always been the model embraced by government types who have never had jobs where your value is measured by the value you produce.

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