Wanting to raise taxes -- anyone's taxes -- in a slowdown is a warning sign of a misguided economic philosophy. Obama's proposal to redistribute wealth is a warning of indifference or hostility to enterprise.To these I would add: Obama's strong belief in man-made global warming is a warning that the government will assume much broader control over economic activity (e.g., via limits on CO2 emissions). Obama's advocacy of youth corps and community service is a warning that the government will have more power to indoctrinate the young. Obama's belief in the power of government to do good is a warning that he will invariably choose more regulation and more government bureaucracy rather than less as a solution to problems that crop up.
Three years ago, Mr. McCain called for stricter oversight of Fannie Mae and Freddie Mac, warning their risky practices threatened our economy and could cost taxpayers billions. Mr. Obama and congressional Democrats ignored these signs and opposed reform.
Obama's health-care plan is a warning that government will have more, not less, to say about your health care if he has his way.
Obama's dismissal of offshore drilling and opposition to nuclear power are warning signs for an economy whose growth depends on affordable energy.
The absence of a single significant instance in which Mr. Obama cooperated in a bipartisan manner in the Senate is a warning sign. And so is his refusal to break with his party or its interest groups on any issue of substance.
And all of this will detract from individual liberty and free markets as it grants more power to government.