Ed Driscoll

Capitalist Drops Tool

As Steve Green notes, Rich Karlgaard of Forbes has finally given up on President Obama. Karlgaard writes:

In my opinion, Obama is a lost cause on economic growth. His opposition to Boeing building its 787 production plant in right-to-work South Carolina is the final straw. All that centrist, mildly pro-business talk following the 2010 elections was a ruse. With Boeing, Obama has put his cards on the table. This supposedly smart president apparently can’t calculate the difference that 1% additional growth makes on the long-term fortunes of the American economy. He would sacrifice that 1% additional growth for fairness (as defined by him) and destroy the American dream for the next two generations.

Steve responds:

Yeah, we heard that centrist, mildly pro-business talk following the 2008 elections, too. But it was when Obama was speaking off the cuff — about spreading the wealth around and using the tax code to punish success even if it meant lower revenues — that the truth came out. And his actions as President, too.

Karlgaard must have a lot more patience than I do, because I gave up on this guy a long time ago.

And after all the president’s administration has done for to Forbes.

Oh and speaking of capitalism, here’s a look at its discontents, as Nick Gillespie of Reason interviews National Review’s Kevin Williamson on his recent book, The Politically Incorrect Guide to Socialism: