Pages Menu
Categories Menu

Posted by on Oct 17, 2008 in Politics | 13 comments

The Wall Street Journal Is Worried

As the McCain campaign concentrates on holding the red states, Rupert Murdoch’s house organ for the super-rich sounds the alarm on what could happen if Barack Obama’s coattails are long enough to give Democrats filibuster-proof majorities in Congress.

“Though we doubt most Americans realize it,” a WSJ editorial warns, “this would be one of the most profound political and ideological shifts in U.S. history. Liberals would dominate the entire government in a way they haven’t since 1965, or 1933. In other words, the election would mark the restoration of the activist government that fell out of public favor in the 1970s.”

A sidebar lists Republican nightmares that passed the House this year but were blocked in the Senate–prescription-drug price controls, renegotiating mortgage contracts in bankruptcy, withdrawal timetables for funding the Iraq war and, horror of horrors, a windfall profits tax on oil companies.

Read the rest of this entry.