Friday, January 04, 2008

Barack Obama's Victory Speech

Here's the superb victory speech made by Barack Obama after his decisive victory in Iowa:

He is indeed an excellent communicator and this very positive speech may very well be the moment cited by historians where Hillary Clinton's political hopes ended.

But on the assumption that he becomes the Democrat nominee, I wonder how the content of his speech will be viewed by most Americans? It might just take a few economists to calculate what tax increase people will have to pay to end his chances of becoming president. I am not saying that health care shouldn't be available to everyone but generally people are reluctant to increase government services if they know that they will have to pay for it. It's going to be an interesting year!


johnschochet said...

Americans can and will be sold higher taxes for health care if it's sold properly. For those of us who do have employer-provided health care, or who pay for it ourselves, we already pay quite a bit for that, and replacing that with a tax isn't such a big deal. Moreover, we're already spending far more than we take in, so a tax increase will be necessary, health care reform or no.

PelaLusa said...

Hey John,

As a Canadian, I'm not against universal health care (though I wish it was run efficiently up here).

My comments were purely based on the political rhetoric that will undoubtedly be spun about once the 2 nominees are ascertained.

If what you're saying is correct, wouldn't it be the first time in history that a political party said they'd increase taxes and won?

Unless Huckabee becomes the nominee, my political instinct thinks that the Republicans will win.


P.S. I also believe that it's ridiculous that your country has such a huge deficit. Not good, not good, not good.