This is one guy who isn’t enjoying his “I told you so” moment as much as he’d like. Staring in disbelief into the yawning gulp of doom tempers my schadenfruede just a bit. I am shocked at the speed with which the hand wringing buyer’s remorse has set in. I recall Reagan’s first year in office as Volcker’s monetary cure for inflation crushed the economy – there was a lot of “buyer’s remorse” then too – remorse about Reagan! Of course, his policies worked – as they always have throughout history. Obama’s will not – as they never have throughout history.

BTW, Wretchard – thanks for the Niall Ferguson link – I like to read/listen to him but I don’t always 9or even often) agree.