ForWhichItStood.org

It’s been a few weeks since Barrack Obama won the Presidency, and already we’re seeing signs of his pro-government, socialistic tendencies. I’m not saying we’d necessarily see something radically different from John McCain, but Barrack Obama is the current President Elect and we must deal with it for at least four years.

In fact, additional bailouts are already in the making. The Fed has already planned to pump $800 billion more into the economy to stimulate growth. Where will this $800 billion come from? Why, the Fed will print it up, of course. This, coupled with the previous bailouts and the likelihood of more bailouts under the Obama administration will likely result in hyperinflation. Admittedly, it’s not solely the fault of President Elect Obama – this problem has been in the works for some time; some would even argue that it was inevitable because our current monetary system is based on debt and run by a faulty Federal Reserve.

Ryan Sheets, a user on Campaign For Liberty sums it up well:

“If Obama’s 500 billion and this 800 billion goes through, added to the 1.5 trillion from earlier this year we have effectively increased the money supply by 2.8 trillion dollars in a single year. That’s 20% of our GDP in a SINGLE YEAR! Our dollar just lost 16.67% of its value.”

On a more positive side, we’re likely to see less foreign involvement under the new administration. While I don’t think we should radically rush out of Iraq, I think a general reduction of foreign bases and involvement would be beneficial.

We’re likely to see some proposition of stronger national gun control laws, possibly matching those of Illinois. It’s unlikely the Obama administration will succeed, but I would not be surprised if they attempted a repeal of state concealed-carry laws. The fear of increased gun control is widespread. The weak of the election saw a 49% increase on the requests for background checks for new firearms.

We’re also very likely to see the socialization of the healthcare system, which is it’s own can of worms. It would not be surprised to see an increase in government provided services and more government involvement. Because he supports a “redistribution of wealth,” we will undoubtedly see an increase in taxes and regulation for businesses, and more welfare related programs for the poor.

I recently stumbled onto this page that details the promises that Obama made, the one’s he’s kept, and the one’s he’s broken. It’s supposed to be updated throughout his time in office. A big thanks to the All American Blogger for providing this page.