In my previous two predictions about the coming Obama administration, I concentrated on the social issues and what his foreign policy will look like. In this posting, I will concentrate on what he is likely to do economically. Suffice to say, the Democratic majority in Congress is likely to push Obama farther to the Left as will be the case regarding the social issues. He will want to be perceived as governing from the center like Bill Clinton, but Obama doesn’t have a Republican-controlled Congress to keep him in check. That being said, there is plenty of evidence that he will be in conflict with his own party. Obama hasn’t even taken office yet, but he’s already threatened to veto a bill to block the release of the remaining bailout funds.
Whatever the situation may be, my predictions below are reflective of where he is likely to go on economic policy: Continue Reading »