January 23, 2010

NICK GILLESPIE: Obamanomics: Crony Capitalism Disguised as Progressive Reforms.

Related: Populist Politics, Economic Panic. “Pundits debate whether Obama’s new populist red meat will ‘work’ — that is, allow him to recover his political footing. But if he unnerves the markets and spooks investors, he’ll be in further trouble. After all, he might insist that the economy is all George W. Bush’s fault, but fewer and fewer voters are buying that. And if his own policies — spending with abandon, pursuing a junk-a-thon stimulus plan, spending a year on the job-killing ObamaCare and cap-and-trade, and now frightening the financial markets – have paralyzed employers, then he surely is accountable for those results.”