Tuesday, November 06, 2012

Updated: What can we expect for America in a second Obama term?

The Economy

It is hard to believe, but Americans have been suffering the weakest economic recovery in the history of our country.  Annual GDP growth is actually slower than the recovery in the Great Depression from 1934 to 1940.  President Obama's next term means we should expect more of the same.  Obama's desire to increase taxes and regulations will drive investment out of the US to other countries.

During President Obama's second term, the economy should continue to limp along.  Even if we can get back up to a 2 percent growth rate, it would leave us well below the average 3.1 percent growth rate that the US had between 1965 and 2007.

Government Regulations

A massive wave of regulations has been kept on hold until after the election so as not to cause Obama any political problems before the election.  These regulations will drive up the cost of utilities, energy, health care, housing, and consumer goods, thereby further weakening the economy and increasing unemployment.

Foreign Policy and Defense

Last March, President Obama told then Russian President Medvedev to wait until after the election when he would have to run for re-election again and would be freer to do what he wants to do with regard to unilateral missile disarmament.  More revelations will undoubtedly come out about the attack on our consulate in Benghazi.  It is apparent that Pres. Obama would rather put an American in jail for a video than admit terrorism still exists in the middle east.  So we can expect the Obama administration to continue to apologize for the United States, and to weaken our defense and our standing in the world.

Government Spending and Debt

If you believe that government spending is the way to create growth, you will be happy with what will happen over the next four years.  Obama doesn't believe in tax incentives for those who can actually get the US economy growing again.  He would rather penalize the most productive Americans for working hard and taking risks in order to succeed.  This means that the US will slip further behind the rest of the world.

Runaway government spending under Obama has doubled the national debt to more than $16 trillion.  In the next four years, the impact that this debt has on the value of the dollar will hit home with painful, maybe even disastrous consequences.  This election was the United States' last chance to avoid becoming the next Spain or Greece. 

Healthcare

This election was the only way the United States had of effectively preventing the implementation of the government takeover of healthcare known as Obamacare.  Increased regulation, increased costs, and a decline in the once great system of healthcare and innovation in medical science that this country was known for are what we have to look forward to.

Religious Freedom

The contempt that the Obama administration showed for the Roman Catholic Church and any religious person who is opposed to abortion during the implementation of the Health and Human Services mandate is echoed in the increased hatred (yes, that's not too strong a word) his supporters have for people of faith, especially conservative Christians.  As the selfishness and lawlessness of the anti-religious left increases, buoyed by their success in this election, we can expect further infringement on religious freedom.

Conclusion

My greatest fear going into this election was that American had not suffered enough to realize the bankruptcy of the liberal/socialist ideology that the Obama administration represents.  In the next four years the country will come to see and regret what has happened in giving this administration another term.  Things will need to be turned around in the mid-term elections of 2014 and the presidential election in 2016.  I only hope it won't be too late--but I am afraid perhaps it already is.

Addendum:  Our only hope in all this is a revival or spiritual awakening among faithful Christians that gives the Church new unity, boldness, and power in accomplishing its mission, and that turns the hearts of the people of this country to repentance.  It is incumbent on Christians to pray and work as never before.


5 comments:

Joe said...

Painfully sad to think about, but I am afraid your assessment is a sound one. Lord have mercy. God's peace to us all.

James said...

Dr. Munday:

Don't forget that "same-sex marriage" proponents won all four votes on that subject last night. I expect that over the next 2-6 years, you will see pretty much every blue state enact "same-sex marriage"; Obama now has 4 more years to stack the Supreme Court; and both these trends combined could very possibly usher in a new constitutional "right" to same-sex marriage.

Robert S. Munday said...

James, Yes the Supreme Court appointments that may be made in the next four years could change the United States forever. That's why I am still horrified that more people either didn't realize what was at stake in this election, or didn't care, or else actively support the destruction of America as we have known it.

Maxine Schell said...

Every nation falls from war or poor fiscal policy...but the fall always start with rejection of morals.

BillB said...

I actually heard a caller on the radio on Tuesday state that he hoped for the destruction of the US and that is why he voted for Obama.

What I believe is that Obama and his cohorts are actively attempting to destroy the US in an effort to be able to place themselves in absolute, permanent control. I think that he believes too much in himself and truely hope that he so oversteps the elusive boundary into behavior unacceptable to the American people that the people will correct the course of this nation.