The United States of Europe

by Eugene on October 27, 2008

in Economy

That’s what American will become should Obama enter the White House. Writing in the WSJ, Pete Du Pont calls it the “Europeanization of America,” and lists seven things that’ll happen:

  • 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.
  • Doesn’t sound very appealing at all, does it?

    opinions powered by SendLove.to

    Previous post:

    Next post: