I realize this blog is dedicated to finance and investing, but given the historic events that have taken place tonight, I felt the need to express my opinion on the topic. Congratulations to Barack Obama and his staff.
What we witnessed in tonight’s election results was a voice screaming at the top of its lungs for change. This was a voice of both young and old, black and white, Hispanic and Asian, inner city, suburban and rural America. This was truly a voice representing Americans from all walks of life. Mind you, neither candidate truly offered any groundbreaking new ideas. Instead, the Democratic Party succeeded in beating a tired Republican Party at its own game of marketing. The Democrats managed to position themselves as the party of reform and fiscal responsibility. The exit polls even indicated that people felt that an Obama administration would provide more favorable tax policy, and that Obama, a man with no military experience, would prove a steadier, more able commander-in-chief. This is a wake up call. This is a call to return to the days when Republicans stood for reform, not runaway spending. It is a call to return to new ideas and real leadership instead of non-action. Whether you agree or disagree with his ideas, Ronald Reagan was likely the last leader of the Republican Party to bring great new ideas to the table – those being the fall of communism and supply side economics. Since then, the party has become content. Too content, in fact. A party that used to represent fiscal conservatism gave way to runaway spending in Washington and unchecked executive powers. The visionary Party of Lincoln and the fiery spirit of the Bull Moose became a party afraid of change and unable to connect with the people and, from observing this election season, seemingly oblivious to the change in demographics and dreams of middle class America. Conservatism and progress need not be polar opposites. Indeed, we can move forward while remaining true to our roots. We must recognize there is a happy medium between tradition and transformation. I challenge all Republicans to channel disappointment into creating a better Party and ultimately a better America.
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