August 17, 2011

MILT WOLF: The Bad-Luck President:

Mr. President, you didn’t run into bad luck. You created it.

America is indeed blessed, but it’s not by some accident that previous generations were able to create the most prosperous nation in the history of humankind. Our founding principles of constitutionally limited government, individual liberty and free-market capitalism have unleashed the powerful American engine of prosperity. This engine is fueled by individual players’ investments of labor and capital, and both are supplied directly in proportion to their confidence of realizing reward. . . . The Japanese tsunami, the “Arab Spring” uprisings and Europe’s debt crises are not America’s “bad luck” – Obamanomics is.

The Obama presidency is a case study of what happens when you break faith with the principles that made America great. Mr. Obama has chased investment capital out of the market by implementing the Dodd-Frank financial-sector takeover. He has frozen new hiring by unleashing Obamacare’s enormous costs on employment.

He has trampled the rights of Americans as free consumers with the unconstitutional individual mandate to purchase government-sanctioned health insurance. He has made a mockery of free competition by granting Obamacare waivers to cronies and union friends. He has stymied the technology sector by unleashing his antitrust forces and the manufacturing sector by unleashing his labor-relations forces.

He has ushered in the first-ever downgrade of America’s credit rating by rejecting the Cut, Cap and Balance Act. And he has all but assured that those Americans with capital will stay on the sidelines by maligning them and launching class warfare upon them.

Plus, a Robert Heinlein quote you may recognize.

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