I used to sympathize with the Democrats not long ago but I have jumped off the bandwagon some time after the Democrats conquered the Congress. Why?
WASHINGTON, July 15 — On Capitol Hill and on the presidential campaign trail, Democrats are increasingly moving toward a full-throated populist critique of the current economy.
Clearly influenced by some of their most successful candidates in last year’s Congressional elections, Democrats are talking more and more about the anemic growth in American wages and the negative effects of trade and a globalized economy on American jobs and communities. They deplore what they call a growing gap between the middle class, which is struggling to adjust to a changing job market, and the affluent elites who have prospered in the new economy. Senator Hillary Rodham Clinton, Democrat of New York, calls it “trickle-down economics without the trickle.” [New Populism Is Spurring Democrats on the Economy. NYT. July 14 2007]
With the Democrats in power of the Congress, I would like to see a Republican President and Ron Paul would do just fine for me. Maybe even Mitt Romney but that is just because Mankiw is his advisor. I certainly do not want to see the mistake of giving too much power to Barisan Nasional in Malaysia repeats itself in the US.
If a Democrat President sits in the Oval Office, I have a feeling a recession — with their protectionist and anti-trade thinking — will hit us all, sooner or later.