Monday, July 19, 2010

The Psychology of Recession

Victor Davis Hanson  "It is not just what Barack Obama has done, but far more what he most certainly would like to do in the future. When business people look at the confiscatory government in Venezuela, crony capitalism in Russia and China, democratic socialism in Greece, and sky-high taxes in most of the European Union, they do not see a connection between those policies and individual prosperity and freedom. So even the faintest hint that America is no longer exceptionally at odds with state-run systems, but may in fact wish to emulate them, simply stuns private enterprise into inaction.
""Good luck with that."

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