Rush to Judgement

Obama has the opportunity to revive the economy and implement his agenda. He would be foolish not to - and fellow Democrats are fools if they stand in his way. The American public supports Obama’s agenda. There is plenty of good news for the average citizen in Obama’s proposals. Health care, cap and trade and tax reform are all likely to improve the economy in the long term, while action on banks, mortgages and energy will help get the economy moving again. Most Americans understand that Bush handed Obama the keys to a country with a damaged economy, and that sorting out the mess left by the GOP will take some time.

Undoubtedly Obama understands that there is a window of opportunity that must be taken advantage of before it closes, and is moving rapidly to achieve as much as possible while the political tide is high. Obama can afford to pay less attention to electoral politics because the Democrats have majorities in both houses that are a lot safer than any in recent memory.

If you really think the Democrats are going to line up to pillory Obama, you are living in your own fantasy. The GOP can’t hope to win unless it can offer a reasonable platform to the nation. Good luck with that.

You can expect health care reform to come to a vote this year. Tax reform will be ongoing, with broad relief now, and some focused increases on upper-quintile earners coming over the next four years. Cap and trade is likely to be put to a vote before 2010 as well.

So you can expect reduced health care costs, a more progressive tax code, and a more sustainable tax and energy policy to be in force before the end of Obama’s first term. The economy is likely to recover during this same time frame, and banking and mortgage reforms will stabilize the housing market once unemployment levels off.

A cleaner and greener planet for your kids is just a bonus.

“Cap and Trade” will transform the economy, as it is intended to.

What all the GOP pundits fail to realize is that carbon credits can be bought by environmentalists, too. Once all the credits have been purchased and put out of service, our economy will no longer rely on massive subsidy of polluting industries.

It’s time to change to sustainable living - hopefully we can.