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Location: Pantego, Texas, United States

Friday, February 09, 2007

I see that Hillary Clinton says she would like to take all of the profits of Exxon-Mobile. Presumably she would also take the profits of all other oil companies. I guess that is supposed to be different than nationalizing the companies as Hugo Chavez is doing in Venezuela, but it seems to be about the same thing to me. Taking the profits of the oil companies will make the stock of those companies essentially worthless, which will have a major impact on the equities market. That will destroy a lot of pension funds and make even more people (and particularly the hated middle class) totally dependent on the government; that's long been a Democratic Party objective. I think Hillary will have a harder time getting Congress to make her dictator than Hugo had. No doubt this will increase her support with the large collectivist branch of the Democratic Party.

Hillary also says she will end the war in Iraq, and presumably against all Islamic terrorists. (Since one side cannot stop a war without total surrender, I can't help but wonder how she plans to do it.) That policy position should lock up the Muslim vote in addition to the anti-war vote.

These policies should gain her support of at least two-thirds of the Democratic Party. That would get her the Democratic Party nomination. After that I would expect some major shifts in these policies before the general election.

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