If you were no big fan of President Obama’s first term, wait until you see the second. That was the most sobering piece of Fred Barnes’ message today during a John Locke Foundation Headliner luncheon in Raleigh.

Barnes, executive editor of The Weekly Standard and a fixture on Fox News, offered his analysis of 2012 election results. Among his key points: The president will push hard to raise taxes in the coming year. Barnes discusses that point in the video clip below.

Nov. 16 update: Click play below to watch the full 53:50 event.

You’ll find other John Locke Foundation video presentations here.