Saturday, November 10, 2012

An Upside to Obama's Victory?

Now that the least important election in the past century is finished, the big question is what does this mean to the liberty movement. Clearly President Obama is no friend to individual liberty, and has no intention on helping the movement in any way. Democrats theoretically support civil liberties, but President Obama has only ever been decent in this area when forced to by his own party.

But given that there was no substantive differences between the two leading candidates, then who won that election scarcely matters to liberty. The only things that matter then are peripheral matters connected to who won and who lost.

According to Austrian Economics, the next four years are going to be rough for the United States. In exactly what way it will be rough is difficult to determine, but that it will be, and that it will be within the next four years.

So what matters is the implications of who will be in office when the collapse occurs. As it turns out this matter is rather critical.

Had Mitt Romney been elected then he would be the one blamed when the collapse occurs. Had he been in office then, because he is a Republican, his free market beliefs would have gotten the blame. That he doesn’t have any free market beliefs won’t matter, Republicans get credit for having free market beliefs even though they don’t. It would be quite parallel to how Herbert Hoover’s non-existent free market beliefs received the blame for the crash of 1929 and George W. Bush’s non-existent free market beliefs received the blame for the crash of 2008.

Because Barack Obama was elected, his free market beliefs will not be blamed. He is perceived as more socialist, even though he is nothing more than a left Keynesian. The mainstream view is that Barack Obama is at best hostile to the free market.

Also given that the Ryan Plan, which was unrealistic at best, was criticized for having deep cuts when all it did was have is smaller increases, would mean that the budget slashing that would allegedly go on under Republicans would get the blame. Never mind that there would be no budget slashing no matter which one won, the Republican budget slashing would get the blame.

Given that free market beliefs and slashing the budget are two positions that libertarians strongly support, and that Republicans say they support when they do not, the last thing that libertarians would want is those to positions getting the blame for a problem they did not create. Given all of that, as bad as Barack Obama winning is, perhaps there is a silver lining that there would not be had Mitt Romney won.

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