Alex Massie

Can’t buy a car? Call the government!

Text settings
Comments

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. And there'll be plenty of people who'll be regretting the intensity of their enthusiasm for the junior Senator for Illinois, even if he remains the obviously preferable selection.

Written byAlex Massie

Alex Massie is Scotland Editor of The Spectator. He also writes a column for The Times and is a regular contributor to the Scottish Daily Mail, The Scotsman and other publications.

Comments
Topics in this articleSociety