"My fellow Americans, if you elect me president next Tuesday, I propose to grow our government to unprecedented size, increase federal spending to never-imagined levels and double the debt in our country. I will support $1.3 trillion in new taxes even as our recession deepens. I will take advantage of the crisis to expand federal control of health care, the energy industry, banks, Wall Street and the car business, fire GM's CEO and sign a stimulus bill with nearly 9,000 earmarks.
"I will undo much of Bill Clinton’s welfare reform by giving 'tax cuts' to non-taxpayers. I will propose a crushing tax on energy, making it more expensive to drive to work or cook dinner. I will choose men who have not paid their taxes as my key economic advisers and will have no one in my Cabinet who can fairly be called a 'businessman.' I will shrivel the deduction charities count on for over 40 percent of their contributions.
"I will propose an omnipotent czar with the power to regulate, sanction and, ultimately, seize any business we judge could threaten the economy of this country. My Treasury Department will enable $165 million in bonuses to failed financial industry executives, and then I will give that industry an additional trillion-dollar bailout, indebting middle-class Americans to buy their toxic assets. All this I will do in my first two months, before April Fools' Day."
I read the speech twice over and found it to be interesting. If you lined up one hundred pro-Obama voters in October of 2008….and read this speech….twenty of them would have skipped the election or voted for McCain. The truth is….McCain himself would have likely done at least half of the things that President Obama has accomplished in this period….IF not more. So you wouldn’t have avoided much of this mess.
The problem will be in 2012….as election fever hits the public….and some people start to add up what has happened over four years. Promises made in 2008….probably will have gone by the wayside. UAW members will compare what was given to the bankers and not to the car companies. Special interest groups will remember what was supposed to happen in four years but never did. It’s a difficult forecast because we are barely 100 days into this new period….and one has to have hopes that things settle out in the end.