Be Careful Of What You Wish For
IF Obama wins today, we’ll quickly start to feel the “change” in Canada. The move to socialism in the US will have an impact that most left wingers couldn’t imagine due to their “Hate Bush Syndrome”.
Here’s how it will play out:
By being a capitalist driving force worldwide, the US has driven the economies of the world. A move to socialism will alter the world’s economy dramatically.
1) With a US government totally under control of the new breed of Democrats (the Moveon.org Liberals) the problems of the past month will compound. They will raise taxes and will increase social spending. With no check on them, the left will be able to pass all the programs the current congress were veto’d on. I was hoping Americans would have discussed how miserable the current congress and senate really are. The subject managed to stay hidden through the campaign. Nancy and Harry - nice.
2) The US economy will slow even more due to increased entitlements (paid through hidden payroll taxes). Not that Obama will be sending every poor American (less than $250K income) a check - although a lot of America believes this - the costs of his promised social programs is astronomical. Government spending on this scale usually improves the economy when it’s targeted to programs businesses take part in. But when the money is spent on entitlements, the impact is blunted dramatically. As much as they hate companies like Haliburton, the company sure impacts a lot of lives.
3) Business will be taxed more - this will mean either raising prices - impossible due to recession - or cutting costs. We all know which costs are easiest to lower. Less employment means less spending. Less spending means less imported goods… on and on.
4) Business investment will decline - due to higher taxes on capital gains and profits. This impacts all business globally.
5) A move to domestic social spending means America will have a lot less to spend internationally. Disaster relief and military spending are certain to be cut. This money flows to almost every country in some fashion.
So why would this matter to Canadians and the rest of the world that seems to desperately want Obama?
We’ll sell less to the US. Less wood, less oil, manufactured products, toys, services… less of pretty much everything.
Meaning less opportunity, less profits and income to tax.
So for all you Obama cheerleaders - remember the change you hoped for isn’t going to be quite as you imagined it. You may be re-electing the worst Congress and Senate ever (recent approval ratings of single digits), and electing the most inexperienced and left-learning president in history.
For those with conservative values - it will be time to hunker down. Get liquid and be ready to weather the storm. If McCain loses - it will be 4 long years of a social experiment that could likely decimate world economies. Patience will be needed - it’s all we’ll have to combat the lunacy.
I have faith that America’s entrepreneurial drive will win out in the end. I also have faith that Obama won’t actually come through on his promises… at least I can hope.
photo credit: genetew
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November 4th, 2008 at 11:21 am
Migawd you are a doofus. The US is not becoming socialist. That is just silly. Republicans have destroyed the US over the past 8 years. Bush has left America weaker, massively in debt and an economy and banking system in ruins. Clearly there has to be a change. Where have you been the last 8 years. Bush is the worst president in history. Even McCain says so. Seriously, you want the status quo?
November 4th, 2008 at 11:36 am
Get a clue “aa” - You want to blame the Republicans for what a Democratic-controlled House and Senate did? Bush is the best president in history, as history itself will judge. Obama is likely to choke once in office–just like Bob Rae did when he was running Ontario and just like Dalton McGuinty is doing now.
Interesting that the economy “in ruins” has near full employment and is still growing. Interesting that countries are electing more conservative leaders (Merkl, Sarkozy, Harper!). The facts beat “hope’n'change” hate-filled rhetoric everytime.
Doofus.
November 4th, 2008 at 3:20 pm
Another fine example of the power of the “Hate Bush Syndrome” from aa.
November 4th, 2008 at 3:39 pm
The only saving grace is mid-term elections. Congress has to get re-elected so they can’t very well screw things up too bad or it will be 94 all over again.
November 6th, 2008 at 8:27 pm
Yes, the Dems are back in power in both legislative chambers, the executive branch, and effectively in the courts. The effect will resemble the recession-inducing properties of an NDP provincial government, but on a much larger scale. One thing you missed; protectionism of the 1970s and 1980s type that led Canada to seek a free trade agreement will be back, and it will be turbocharged by media pumping out the meme that trading freely means “exporting our jobs” like the mean Republicans used to do. Look out for repeats of the Super 301 efforts of the 1980s where border-state Democrats block out Canadian grain, oil, gas, et cetera. Also look for an effort to cancel the Alaska-Canada gas pipeline that Palin approved. And get ready for double-digit unemployment and inflation. I hope you like disco music, because the 1970s are back.