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.