Wednesday, November 7, 2012
A series of interesting observations from David Bernstein here, including the especially important role played by single women voters in the election, who tend to be especially economically vulnerable. And therein lies a profound irony. The people who will be hit hardest by continuing high unemployment are single women, minorities and others who are especially vulnerable in poor job markets. Of course Obama supporters would deny it, but I am sure that Romney's proposed policies would have done much more to reduce unemployment. As far as I can tell, O's proposals consist of higher taxes for the rich, which for all their visceral appeal to some, will indeed result in less job creation by small businesses, and subsidies to various favored industries, which may save some union and public sector jobs (though at great cost to everybody else) but will do nothing to increase the overall level of economic activity. With regard to our extremely tepid economic recovery, I am not very hopeful. The stock market doesn't seem too hopeful either. The famous Obama ad suggested, however implausibly, that voting for Obama would be like losing your virginity to a nice guy. I hope single women who voted for Obama found it to be a wonderful experience, because I think it will prove an expensive one.