Thursday, November 04, 2004
I would like to think that Bushís election victory means that people have woken up to what I consider the core Republican values of a free market economy, limited government, and returning power to the states.
Unfortunately, I donít believe that this is what the election was about. There were two things on peopleís minds: foreign policy (that would be terrorism and the occupation of Iraq) and Christian values.
The Christian values thing was a big part of Bushís victory. I donít feel very passionate about a guy who has totally abandoned the Republican commitment to conservative economic and regulatory policies, but the Christians love the guy because he really believes in the religion (unlike Clinton who seemed to be pretending) and stands up for all of the key Christian issues (abortion, stem cell research, gay marriage, etc.). He won their hearts and minds and they turned out and voted for him.
I continue predict that the economy will grow worse during the next four years because all the bubbles of the Clinton nineties have yet to pop. And by 2008, Baby Boomerís will be just beginning to retire, which will also have a depressive effect on the economy. Bush will be blamed for the bad economy (even though itís only marginally his faultóI would say itís not his fault at all except he has done nothing to simply the tax code or reduce regulations) with the likely result that a Democrat will win election in 2008. Of course the Democratís policies will only make things worse.
Other big problems on the horizon are rising oil prices due to irreversible declining production throughout the world, increased electricity costs due to foolish reliance on natural gas to meet nearly all of our countryís new electricity needs, the end of Mooreís law resulting in stagnation in the information technology industry, which is the key industry that has been driving our nationís growth. There will be further exporting of jobs to low wage countries such as India and China.
It all looks pretty bleak. This is not a time to feel good about the future of America. Sorry for being so pessimistic.
Monday, November 01, 2004
It's not likely that a single vote is going to be changed because of this post, but nevertheless, I publicly announce that I will be voting for Libertarian Party candidate Michael Badnarik for U.S. President, and I urge my readers to do the same.
Meanwhile, I offer a prediction that George W. Bush will win the election tomorrow (and that's a prediction not an endorsement), and that a Democrat will win the election in 2008 because whoever wins the election, the economy is going to tank when the housing bubble finally bursts.
If Kerry wins, then a Republican will win in 2008. The only really bad part of a Kerry win is that he's going to get to appoint some liberal Supreme Court Justices.