What, specifically, am I worried about assuming Democrats sweep the elections? If they win the presidency, gain control of the Senate and retain a majority of the House, our political and economic systems will be turned upside down.
The most important issue would be action by the legislative branch to emasculate the Executive Branch, an overreaction to the past administration. In other words, members of Congress, including Nancy Pelosi, Bernie Sanders, Alexandria Ocasio-Cortez and Chuck Schumer, will assert themselves and usurp the power of the presidency.
Frankly, Joe Biden is not strong enough leader to resist the majorities in both houses of Congress. Kamala Harris and Biden are products of the legislature. They may not even resist attempts to decrease the power of the presidency at all.
The first thing that Schumer will likely do is eliminate the filibuster in the Senate so that majority rules on all legislation. The minority will not be able to stop any initiatives by Democrats, an age-old right of the opposition party.
On the dark side, the new president and the Senate could pack the Supreme Court in the wake of Amy Coney Barrett’s confirmation. By adding two or three judges, liberals would then control the Judiciary as well. The right to bear arms would be one of the first to be attacked.
Together, the House and Senate would work diligently to fund their socialistic agenda. Unlimited amounts of money will be appropriated to pay for universal health care, free college tuition, welfare gifts, more power to unions, greater outlays for green projects and scores of other multi-billion-dollar entitlements.
The plan is to bilk the affluent class in America by taxing them out of existence. Tax rates will immediately be increased on the wealthy class as an oening salvo to decrease income inequality. When Democrats finally figure out that the top 1% cannot pay for all they need to fund their new entitlements, the middle class will experience higher taxation as well.
In the meantime, the government will need to borrow vast amounts to stay afloat. This will increase rates for mortgages and bank loans to corporations and individuals. The dollar will weaken against other currencies in this event.
Liberals will also abrogate regulatory reform signed by Trump during his tenure. These affectively will increase costs of most companies and devastate our economy. Stock prices will plummet, and 401K’s of the middle class will decline in value.
Socialism will kill exceptionalism, the desire to compete and be the best. The profit incentive will disappear, and innovation will peter out. The US will become a second-class nation soon to be outpaced by China. But, Americas will all be equal.
The big story in the short term is what liberal Democrats will do on Election Day. Will they encourage violent protest and behavior? Will they encourage outright anarchy if Trump is victorious? This will be the real test of Democrats. If they call for a peaceful election, will the radical wing of the left respond patriotically?