What Obama’s Second Term Would Look Like
GREAT Piece in the WSJ today. It is amazing that after 2008 and 4 years of his policies, Nobama is this close to fooling the electorate one more, potentially devastating time. I have included the introduction to the article below. The entire article is as frightening and really should serve as a constant reminder what is at stake this November.
President Obama has a reputation for talking, but not necessarily for saying much. He has achieved new levels of vagueness this election season. Beyond repeating that he’s in favor of making the “rich” pay for more government “investment,” he hasn’t offered a single new idea for a second term. This is deliberate.
The core of the Obama strategy is to make Americans worry that whatever Mitt Romney does, it will be worse. That’s a harder case for Mr. Obama to make if he is himself proposing change. And so the Obama pitch is that this election is a choice between stability (giving Mr. Obama four more years to let his policies finally work) and upheaval (giving Mr. Romney four years to re-ruin the nation).
The pitch is profoundly dishonest. While the choice between four more years of Obama status quo and Mr. Romney is certainly vivid, it isn’t accurate. The real contrast is between Mr. Romney’s and Mr. Obama’s future plans. And while the president hasn’t revealed what those plans are, there is plenty of evidence for what a second term would look like.
Let’s dispense with the obvious: An Obama second term will be foremost about higher taxes and greater spending. The president has been clear about the former and will consider victory in November a mandate to raise taxes on higher-income Americans and small businesses—at the least.
Meanwhile, no matter how the coming budget sequester sorts out, nobody should forget why it came into being: It was the result of Mr. Obama’s refusal to consider any real changes to Social Security or Medicare. There will be no reason to budge in a second term. Absent reform to these drivers of debt, and given Mr. Obama’s ambitions to further “invest” in education, energy and infrastructure, a second term means proposals for even broader and bigger tax hikes—and not just for his favorite targets. Continued and growing deficits are likely as well.