Perhaps I'm a bit pollyanna-ish, but it's at least possible that once the Obama administration proves just as inept, corrupt, and hopeless as the Bush administration, the younger people who flocked to Obama will start to understand that the problem isn't who's running government, it's that government power itself corrupts--and that we're better off keeping as much of our lives as possible off limits to the whims of politicians instead of this repeating cycle of putting all of our hope into the idea that someday, the right politicians will finally get elected.
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In theory, libertarians share about half of our positions with the right, and about half with the left. Broadly speaking, we're social liberals and fiscal conservatives. The problem is that once in power, neither side pays much heed to the issues they have in common with libertarians, because that would require them to voluntarily put limits on their own power. And politicians don't generally seek higher office for the purpose of limiting what they can do when they get there. So the libertarian stuff is where they're most willing to compromise. And it's what they're least willing to spend political capital defending.
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