Some Libertarians I know believe that Obama will be a moderate on Economic policies. They hope that Obama will follow in Bill Clinton’s path as offering a “Third-way” strategy. While this sort of reasoning seems fair considering that most of the current left-wing parties in developed countries have moderated their stances, I do not believe this is the case for Barack Obama. In fact, I believe that Barack Obama offers a dangerous turn from the previously acceptable Democratic Party approach that was taken by Bill Clinton.
According to the National Journal, Obama consistently votes with his party nearly all the time. In 2007, for example, he voted with the Democrats on 65 out of 66 votes which were considered partisan. This made him the most liberal senator according to their methodology. In the two preceeding years, he was ranked the 10th and 16th most liberal Senator. There are a few flaws to the design of the National Journal’s study, such as the degree or reason why they voted; however it can not be denied that Barack Obama was an overwhelmingly partisan and leftist voter during his time in the Senate. He does not appear to promote the bi-partisanship that he offered.
While his leftist nature can’t be denied, modern American Liberalism contains more than just economic theory. Therefore, how is his record on economic issues? Well, on most economic issues he’d appear to be moderate at first glance. His tax plan, which will probably never see the light of day, would basically revert us to the upper levels of taxation seen under President Clinton. Plus, apparently the middle class would receive a larger tax cut than they had before. If that actually occurs, I’ll change my mind; however cutting taxes alone doesn’t make someone conservative economically. The two areas where Barack Obama is the least moderate appear to be in the areas of free trade and spending.
In terms of spending, Barack Obama has already proposed nearly a trillion dollars in new programs. He has offered 134 billion in college tax credits, 72 billion in “refundable tax credit for workers” and 115 billion for an expanded health care system that just increases the bloated program instead of making it a cheaper Universal health care system. None of those campaign promises would go against what he proposed in the Senate either, so unlike his planned tax cut there are some reasons we should believe him when he talks about increasing the size of the federal government. Obama has also gone on the record stating that we’re likely to increase the federal deficit even further in the next few years, which surely doesn’t represent a conservative economic ideal. We’re pretty much looking at another 4 years of Bush’s failed “spend and spend some more” politics with Obama.
As for free trade, Barack Obama has been very clever in his wording. He doesn’t want to be perceived as against globalization since that would hurt his support amongst business owners and those who understand international economics; however Obama has been against pretty much every free trade agreement from the start. In his debates, he has stated his opposition to the Korean FTA. Similarly, he voted against CAFTA because he “cannot look them in the eyes and tell them that their government is doing a single thing” to help those who lose their jobs to people in Central America. Of course, free trade creates more and better jobs, but thats conveniently forgotten. Obama lets his true reasons for going against free trade slip occasionally, when he begins to remark that we are losing manufacturing jobs to places that don’t hold the same work standards that we do, IE that the unions don’t want to their high paying jobs to be lost so that the rest of the people can buy cheaper goods. Barack’s opposition to free trade, which has been pretty constant and resolute, is not based on minute differences but a vast, philosophical opposition.
There are many other ways that Barack Obama’s economic policies are not centrist; however those are minor in my opinion. Obama’s desire for increased social programs as well as his opposition to free trade are proof enough that he is venturing away from the Third Way promoted by Clinton and Blair. The next 4 years will look more like LBJ (or Bush for that matter) than Clinton.
