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?
Well:
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.
5 replies on “[1291] Of time to jump off the bandwagon”
[…] policies he supports are a tad too radical, even for libertarians, especially me. Still, with the Democrats leaning farther left, I think a radical is what we need to balance the […]
You were right, a recession did hit, under Bush’s watch though! lol!! The artificial supports placed under the market by Bush and his cronies under the guise of “investor friendly” tax cuts and “inflation preventive” interest cuts finally collapsed, as they were bound to do sooner or later. If Bush and Co. had let the markets correct themselves earlier it would have been a smoother, and most likely, smaller decline IMO.
[…] I share the same sentiment and I have rationalized it earlier last year. […]
[…] I have said earlier, if I cannot have Paul, I will back Romney. Having Mankiw as an adviser is too cool a factor to […]
Ron Paul doesn’t have the slightest chance. One of the Republican bigots going to come throuh, Romney or otherwise. Whereas for the Dems, their top candidates are fairly competitive.
That’s why I’d prefer the Presidency going to a Democrat with Reps regaining Congress.