Next Tuesday, Nov. 2, 2010, is not Election Day. It is Referendum Day.
It may be commonplace for commentators to announce that every election is "the most important election in our lifetime" or something analogous. But having never said that of a presidential election, let alone an off-year election, this commentator cannot be accused of crying wolf when I say that this off-year election is not simply the most important of my lifetime. It is the most important since the Civil War.
The reason is that unlike all previous elections, this one is actually a referendum on the direction of the United States of America.
If the Democrats win:
The American people have announced, consciously or not, that they support the Democratic Party's "fundamental transformation" – those were President Obama's words when he campaigned, and he has lived up to them – of America from a liberty-based state of limited government into an equality-based welfare state with an ever-expanding government.
America will change from a country that emphasizes producing wealth to a country that emphasizes redistribution of wealth.
The left has never been primarily interested in creating wealth. Its primary goal always and everywhere has been to redistribute it. That so many businessmen and much of Wall Street are only now awakening to this fact is only a testament to the staggering lack of wisdom in big business.
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