Flight of the Greenbacks

It’s doubtful the outcome of the November, 2008 election will be determined by rational thinking. This bodes well for Democrats. With anger and frustration trumping common sense, it doesn’t take a clairvoyant to see that the Republicans could be in for a real drubbing this fall.

Family incomes are being stretched to the limit by energy costs. People feel they are in jeopardy and are looking for a safe harbor. Unfortunately for Senator McCain, after thirty years of negligence, this predictable energy crisis climaxed on President Bush’s watch.

McCain, the man, isn’t promising miracles because he is restrained by honesty. He feels a moral obligation to explain the cost and consequences of his proposals. This is a wonderful trait for a leader, but an anchor around the neck of a presidential candidate.

In the tradition of Democratic candidates since Mondale, Senator Obama doesn’t suffer from this moral imperative. His campaign is all about benefits. He promises goodies for all. Naturally, he claims that others will be saddled with the bills.

Obama’s brand of unbridled welfare is based on the expectation that the productive members of society won’t protect themselves. Liberals never learn. This false assumption has already led to the near extinction of US based manufacturing.

Obama economics will incite a reign of terror on business. The “others” he targets include companies and individuals who can move their assets off-shore to protect their investors and accumulated wealth. This shift has already accelerated the decline of the New York Stock Exchange.

A microcosm of this cause and effect is being documented in Michigan, California and Massachusetts. Businesses and the educated are bailing out of these brutally taxed liberal conclaves in droves. The migration of talent drains theses states of investment capital, employment opportunities and future prosperity. This is a preview of Obama economics which will bleed the nation dry.

The Democrats control the Senate and the House. While the minority party, Republicans, demand that the abundant US energy reserves be tapped while alternative energy sources come online, the Democrats are selling windmills, sunshine and higher energy taxes as the only solution.

The United States will collapse within a decade if it continues to transfer $700 billion annually to foreign countries. The value of its currency is already plummeting to dangerous lows.

This reality isn’t perceived as a negative by the advocates of big government. Private enterprise has always managed to rebound. Senator Obama and the Democrats are depending on the creativity of private enterprise to cover the cost of their expanded welfare initiatives.

But business can’t survive without affordable energy. So if Obama is elected expect to see a new phenomenon, investors fleeing US markets as rapidly as business abandoned US manufacturing. It will be called Green Flight.