Nothing Going On Over Here

Friday, November 7, 2008

You ask what the effects of a democratic president in congress will be. I say basically democratic policy implementations; that is about it. We will have liberal minded agendas. I don’t think there is going to be any significant effects to take notice of, or anything to be surprised about.
For instance, I can bet that taxes are going to go up, which I already believe they should. Obama says that he plans to raise taxes on corporate profits and people who have an income in excess of $250,000. This means that high income earners and corporations will pay higher taxes thus receiving less after tax income and profits than they would have. The effect of this action is that the government receives higher tax revenues which will ultimately be used to help finance all the public spending that the democrats plan to do. In response to higher taxes on businesses the tax is likely to be shifted to employees by the employer, so indirectly most moderate income earners will see that they pay more in taxes.

I expect that our economy will become more of a mixed economy, which is an economy in which there are elements of both public and private enterprise. I see a greater expansion in the public sector than in the private. Obama has been preaching socializing the healthcare system ever since he came on the ballot. If he is successful in his endeavor the government will have a stronger role in the U.S. economy. He also talks about improving public education and increasing teacher’s salaries which shall lead to more public spending. Again this is going to be financed by the higher taxes.

Also I see the chance of improved international relations with other nations. Obama says that he is one for negotiation with anyone who has a conflict with the way the United States does things. He is willing to sit down and listen to the other side, not just solely focus on the wants of Americans. This shall be good for the nation because the United States is not the only nation on earth. There are 5.7 billion more people out there that need to be taken into account. Our actions affect others, and others actions affect us. Also speaking internationally I see the United States getting out of the Middle East. Relations need to be worked on over there because the Bush Administration has caused a lot of animosity towards the United States from the Middle East.

Those are some of the most significant effects of democratic rule. Overall it’s going to be the same old same old, unless a major war starts somewhere for whatever reason, or if we have a phenomenal technological advance of some sort that benefits the human race significantly.