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Here's what I like:
1. Foreign policy. Continue American hegemony indefinitely. American military hegemony is likely to continue into the horizon. The primary danger to it is the continuing desire of the military to refight WW2. Iraq is a good example of the type of conflict that should dominate the next 20-30 years of warfare. It is imperative that, only 45 years late, real counterinsurgency doctrine is forcefed to the military. This is less true of the Marines, who have an institutional memory of nation building throughout the 20th century, than it is of the branches.
As for diplomacy, it's one thing to be pre-eminent, it's another to trumpet it. The Bush Doctrine of unilateral pre-emption logically requires that beaten enemies not be reconstructed. This was a viable strategy in the 19th century, maybe, but it's at odds with the stated goals of removing failed states and sponsors of terrorism. Multilateralism is good in the abstract, but I have doubts about working through the United Nations. The UN is all too often a forum for adversaries of the US to block our goals. A better plan would be an interlocking series of alliances, maybe with NATO as the bedrock. Rather than have our interests be at the mercy of other nations' agendas, it would be better to work within small groups of countries with a few common interests. Such a system is easier to manage and less open to demogogery.
2. Economic policy. I've come to realize that I'm a populist. I would like to see the old belief that poverty in America is not a cost of doing business, but an unreasonable governor on progress. I would to like to see inner cities and Appalachia targeted initially. The goal of the program would be to take people who have been left behind and bring them into the mainstream of American life. For this reason, I am not hostile to Bush's faith-based initiative. My concerns lie more with execution than conception.
How to fix the tax code? Income and wealth taxation are good. I'm not a fan of consumption taxes at all, but I would rather see them lowered to minimal levels rather than abolished. Property taxes I likely would have no trouble with abolishing, primarily because they are the type of tax that breeds the greatest resentment. I would love to see a Democrat attack a Republican on being childish when it comes to taxes. After all the yelling over the entitlement mentality, I want to see the GOP slapped with the word duty.
America needs to regain its manufacturing base. As an example, some 80-90% of microchips are made in Indonesia. It's unlikely (very), but not impossible, that a fundamentalist regime could take over that country. What would happen to our supply? It also helps that increasing the manufacturing base would also go a long way toward wiping out the current accounts deficit. The destruction of American manufacturing is a creation of law, not economics like pundits love to claim. Change the law to make it more favorable to build here and companies will do it.
I have a pathological aversion to debt. I was thrilled in the late 90s when it looked like much of the national debt could be reduced. I was extremely pissed when Bush passed his idiotic tax cuts and broke the bank.
Financial services probably needs to go back to some kind of regulation scheme. If proof were ever needed of the success of Democratic ideas, the last few years have been it. The paper game that was played during the 90s was eerily similar to the same game of the 20s. However, America was not nearly as vulnerable to a burst bubble. Allowing too much freedom to idly trade paper back and forth is inefficient and needs some restriction. Capitalism is not a self-correcting system; that's a saying of the fearful. The truth is that it requires constant correction. It is not socialist to restrict people from trading paper back and forth rather than do something productive with the money.
I'm not much of a green, but I'm not a fan of brown water, either. I've been thrilled to see greens move away from command-and-control approaches over the last few years. Taking the debate from a question of jobs or trees to a question of costs of doing business is brilliant. From the little I've read of emissions trading and the like, it seems decent.
4. Social policy. I'd like to see the public debate on this drop to a murmur. The economic issues are far more pressing. What needs to be done is find acceptable midway positions that people can accept, even if they're not thrilled. Every time the party trumpets social issues, it loses. When we lose, so does most of America.
I think that, for this generation, social policy needs to take a back seat. This includes abortion, gay rights, and the like. Not everything can be done at once. This is something that all of us, probably me especially, need to understand and accept.
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