Even if you concerns were true it still makes sense to be economically leftist right now if you are truly conservative. I debated this with Jim over at his blog months ago, it doesn't matter whether Reaganism was right (I am inclined to believe it was disastrous long-term), if
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you are against the current status quo and you think such economic leftism is bad then you should be supporting it precisely because of that. UMC right-wing people want change but without suffering a bit in terms of standard of living, well, tough luck.
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