The View From 1776
Friday, October 31, 2008
Obama Election: Running a Red Light With a Left Turn
Read Daniel Henninger’s The True Meaning of ‘Historic Vote’ in the Wall Street Journal.
The goal of Sen. Obama and the modern, “progressive” Democratic Party is to move the U.S. in the direction of Western Europe, the so-called German model and its “social market economy.” Under this notion, business is highly regulated, as it would be in the next Congress under Democratic House committee chairmen Markey, Frank and Waxman. Business is allowed to create “wealth” so long as its utility is not primarily to create new jobs or economic growth but to support a deep welfare system.