John McCain was painted by Democrats as out of touch. His age and health were called into question. Obama spent 600 million dollars to secure his election-a spending splurge unparalleled in US presidential history. The Obama campaign registered millions of Hispanics and African Americans. It pushed early voting to the limits.
Obama continuously emphasized a middle income tax cut. Each speech was peppered with references to change. All very nebulous, all very soothing. Music to the ears of young voters. And yet he barely broke 50%- driven by a favourable gale of political circumstances. The McCain/Palin performance is amazing in the teeth of such unfavourable circumstances.
The message is clear. The GOP is defeated but unbroken. The internal contradictions in Obama's policy positions will come back to haunt him. His promises of a middle income tax cuts cannot be fulfilled by rational economic means. Of course he can increase the deficit to fund tax cuts. Any such decision will court an economic catastrophe. He will of course increase capital gains and dividend taxes. Businesses face a tax hike. This is a recipe for disaster.
In addition he is beholden to workers in states such as Michigan, Illinois, Pennsylvania et al. He has promised to renegotiate NAFTA. He has promised increased protectionism. He has neatly conveyed the message to workers in old declining industries that he is their saviour. Such workers will soon become disillusioned as Obama’s promises fail to deliver.
The GOP must fiercely oppose increased spending plans of Obama and the Socialist/Liberal Democrat controlled Congress. Republicans must go back to basics and defend taxpayers. They must virulently oppose pork barrel projects. Bailouts must cease. They must learn from the organizational efforts of Obama. Efforts must be made to win back Hispanic voters.
By 2010 Democrats will have controlled Congress for four years. The electorate will vent its spleen on the big spenders.
By 2012 it is likely that the Democrats will have controlled Congress for six years whilst a Democrat will have held the presidency for four years. Obama and his friends in Congress will have no place to hide.
The GOP has excellent presidential material coming through. Sarah Palin, Mitt Romney, Mike Huckabee, Bobby Jindal amongst others are likely to seek a presidential nomination.