In the WSJ, Daniel Henninger writes on the historic nature of this election’s choice:
Push past the historic candidacy, however, and one sees something even larger at stake in this vote. One sees what Joe (The Plumber) Wurzelbacher saw. The real “change” being put to a vote for the American people in 2008 is not simply a break from the economic policies of “the past eight years” but with the American economic philosophy of the past 200 years. This election is about a long-term change in America’s idea of itself.
The goal of Sen. Obama and the modern, “progressive” Democratic Party is to move the U.S. in the direction of Western Europe, the so-called German model and its “social market economy.” Under this notion, business is highly regulated, as it would be in the next Congress under Democratic House committee chairmen Markey, Frank and Waxman. Business is allowed to create “wealth” so long as its utility is not primarily to create new jobs or economic growth but to support a deep welfare system.
All this would transform the animating American idea — away from creation and toward protection.
Many voters — progressive Democrats, the asset-safe rich, academics and college students — regard this as where America should go. They explicitly want America’s great natural energies transferred away from unwieldy economic competition and toward social construction. They want the U.S. to reduce its “footprint” in the world. Monies saved by stepping down from superpower status can be reprogrammed into “investments” (a favorite Obama word) in a vast Euro-style hammock of social protection programs….