“Hope and change” has been replaced by envy and jealousy.

Now that the election is over, we are starting to see the contours of what lies ahead for the next four years. Here are some likely consequences from the Obama victory.

1. Barack Obama is not very interested in tax reform, deficit reduction, or curbing annual spending. He believes in big government, and the bigger the better. His tenure is not so much a repudiation of Reaganism as it is of Clintonism, and the whole notion of keeping the annual growth of federal spending at or below 2 percent, balancing the budget, and declaring the era of big government over. Going off the cliff would give Obama the extra revenues from across-the-board tax hikes on the 53 percent that can fund further expansions for the 47 percent in federalized health care, food stamps, unemployment, and disability insurance and in block grants to bankrupt cities, states, and pension funds.

Read more: http://www.nationalreview.com/articles/335286/ripples-election-victor-davis-hanson