Thursday, June 26, 2014
Starting an Avalanche
Voices of "gravitas" have claimed that Barack Hussein Obama has striven for a "managed decline". I would contend that Obama is not that subtle and is content to push us over an economic cliff. Obama wants to damage the US economy so much that it is unrecoverable. He wants to inflict terminal damage on American capitalism. Obama has sapped the strength of main street enterprise, only supporting crony capitalism and corporate welfare at the expense of new competitors, the so called mom and pops, and small business. These start-ups and local stores were formerly the drivers of new employment. With successful rent-seeking by big business and a huge regulatory regime stifling job creation, it is no wonder that ninety million able-bodied, working age Americans are unemployed and that the economy contracted 2.9 percent in the last quarter.
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