Spending will Shrink, Taxes Cut, and Cap & Trade will be Dead

From Eric Dondero:

The normally cynical Café Hayek website has now joined the ranks of libertarians rooting for Republican victories in November. This is a major change, for libertarian economics websites, are typically very skeptical and sometimes downright scornful of the Republican Party.

From Russ Roberts, Cafe' Hayek, July 2 "Failure" on recent Job Numbers:

the success of the Republicans this fall will make a difference in the following sense.

I think many Republicans and Democrats will campaign on an explicit promise to repeal Obamacare. They may or may not succeed but there is a chance it will happen. Cap and trade will be dead. Government spending isn’t going to shrink dramatically but it will shrink relative to recent levels. There will be proposals to cut taxes, particularly corporate taxes as a way to stimulate job growth. There will be more gridlock, which is good.

And not only will Republicans do very well in November. Democrats will move to the center and away from Obama’s agenda to keep their jobs. They may not keep their promises. But that will eventually cost some of them.