Monday, February 11, 2008

Arnold Kling has some predictions about a Democratic landslide in November. He doesn't think it will be pretty. He predicts that they won't have any more money to spend after "fixing" the alternative minimum tax, so they will be forced to implement "change" through regulation.

He predicts the beaurocrats will come after the following with new regulations: insurance companies, pharmaceutical companies, hospitals, housing, and salaries. Additionally, new regulations will mandate things like vacation time and subsidized day care. In short, they will eviserate capitalism, resulting in rising unemployment and poverty, followed by more regulation and government control.

It's not a pretty picture.


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