I'm sure the title of this thread alone can provoke premature ejaculation for a lot of the diehard Paul supporters on WSO. But as a former history major, I love thinking about "what-if" scenarios and various hypotheticals.
So here's a fun one to ponder. What effect will a Ron Paul presidency have on this country if the congressman were to win the 2012 election? Assume for the sake of the hypo that he wins in a squeaker over Obama and that the composition of the congress has not changed. The dems control the senate, and the GOP controls the House.
Here are my thoughts on what will happen. It will be interesting to hear others' opinions as well.
By far the biggest change will be in U.S. foreign policy. As commander-in-chief the president has much more latitude over foreign policy than he does on domestic. President Paul will definitely withdraw all troops from the middle east including advisors and non-combat troops. I also think he will shut down or greatly reduce military bases in germany, japan, south korea, and other countries. And covert operations will virtually be extinguished. Without a doubt, the Pentagon and CIA will DESPISE a president Paul. But that will pale in comparison to the hatred we will receive from Israel. They will be outraged that Paul no longer kisses their ass and does everything they tell us to do. AIPAC will spend millions to try to destroy Paul's presidency, including calling for impeachment.
On the domestic front, his impact will be far less consequential. After all, the president needs congress to pass budgets. His plan to cut the deficit by $1 TRILLION each year will be a non-starter, as members of both parties will find parts of his plan to be highly objectionable. Paul will probably veto more bills than any president in modern history. And he will try hard to eradicate the federal reserve act of 1913 and put America back on the gold standard (ie. pre-1971 bretton woods years).