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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: [Homestead] Upcoming - under Dem/Obama reign - wsj
  • Date: Tue, 28 Oct 2008 05:00:51 -0700 (PDT)

Wall Stree Journal:

Excerpt:

So where is the new Obama administration likely to take us? Seven things seem
certain:


*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.






http://online.wsj.com/article/SB122504438328069963.html







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