Yes, I would vote for Barack Obama rather than John McCain. But that doesn’t mean that one expects too much from an Obama administration. Consider this startling passage from a speech the candidate gave in Toledo last week:
I also believe that Treasury should not limit itself to purchasing mortgage-backed securities – it should help unfreeze markets for individual mortgages, student loans, car loans, and credit card loans.
Car loans? Really?
As Nick Gillespie says:
Clinton was a free trader and interested in policy innovation. By contrast, Obama never misses a chance to mention China in a disparaging way and all of his plans seem to revolve around throwing money at any perceived problems. Does anyone think he bring fiscal restraint to the federal budget? Does anyone think he’ll approach entitlement reform with any weapon other than increased payroll taxes?
All too true. In other words, there are plenty of policy reasons for doubting the transformational potential of President Obama.
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