@GigaSmoot Hey, since no one has answered yet, I figured I could leave you some feedback… Although take it with a grain of salt, because I am not that experienced in Global 1940.
First, I really like the idea of simplified National Objectives! It is true that the basic Axis and Allies is already complicated and Global 1940 tops that.
However, I think the NOs favor the Axis too much in Europe. Germany will push the Soviets to Moscow and occupy so many allied-territories that it will drown in IPCs. Russis however wont get any additional income through NOs until Germany has already been pushed out of its territory. I think with your NOs, Germany will snowball pretty hard.
But again, I am not an expert in Global 1940, but that’s my first inpression.