Tuesday, October 04, 2011

BIG BIG "I Told Ya' So"

I predicted, more or less, this sequence (here, here, here, here) upon the election of our 44th President:
1) Barack Obama and the Democrats attack business relentlessly with rhetoric and punitive legislation and regulation;
2) businesses pull back substantially on investment;
3) the economy suffers or languishes at best;
4) the poor economy sinks the Obama presidency and many Democrat's careers.

Check out this post at Carpe Diem, as evidence of #2. #s 1 and 3 are hardly in dispute. All that's left is the crying, or #4.

Barack Obama is in the final stages of being taught (not necessarily learning though) an elemental lesson that he should have known or picked up on mighty quick. America's prosperity is grounded in the free market system, nurturing vibrant businesses that are allowed to be flexible and responsive and reap wide open rewards for their efforts. When you suffocate the economic freedom in the system, it shuts down. And America follows.

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