I enjoy and depend on Jim Pethokoukis and on the Zero Hedge guys, but it’s gotten to the point where I can’t visit either blog without first experiencing a small sense of doom. OK, maybe not so small. So with that, here’s the latest from Pethokoukis.
Sarbanes-Oxley, massives deficits, and reckless spending under Bush. ObamaCare, Dodd-Frank, even more massive deficits, and even more reckless spending under Obama have pretty nicely choked off entrepreneurship in this country.
That’s fine if you’re already wired in, if you’re already too big to fail. Besides, who needs some young upstart upsetting all your fancy apple carts?
And if you think that might be a feature of the new system rather than a bug, I’d say you might be onto something.