Monday, June 25, 2012

Is the Country Unraveling?

Victor Davis Hanson:  Obama took a budding recovery in June 2009, and through massive borrowing, the federal takeover of health care, new expansions of food stamps and unemployment insurance, the curtailing of oil and gas leasing on public lands, new regulations, and non-stop demagoguery of the private sector slowed the economy to a crawl. His goal seems not to restore economic growth per se but to seek an equality of result, even if that means higher unemployment and less net wealth for the poor and middle classes. Obama hinted at that in 2008 when he said he would raise capital gains taxes even if it meant less revenue, given the need for “fairness.” Indeed, equality is best achieved by bringing the top down rather than the bottom up. Nowhere is the Obama model of massive borrowing, vast increases in the size of the state, more regulations, and class warfare successful — not in California or Illinois, not in Greece, Spain, or Italy, not anywhere.

That reminds me of this video:

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