Both Hillary and Obama have a populist rhetoric today; they have both announced that they’d renegotiate NAFTA. They do this ostensibly to capture votes from displaced manufacturing workers in Ohio. But still, it worries me that if elected, they would damage free trade.
So, I wouldn’t be surprised if any of them two yields to the pressure to bail out large banks and FBs.
GWB’s allegiance to religious extremists and his decision to invade Iraq and its aftermath have made his administration one of the worse on record, if not the worst. However, in economic matters, he’s done mostly the right things:
1. Lowered taxes
2. Proposed a guest worker program (that would largely reduce illegal immigration and make cross-border labor flow subject to control by authorities, as opposed to the current chaotic situation)
3. Resisted using tax-payer money to bail out irresponsible financial firms and overextended borrowers who created this housing bubble mess in the first place
