The agenda is likely to reshape American capitalism, if that’s what you want. But let me rain on this parade as it passes ”” before The Music Man runs off with River City’s most beautiful women. While he promises to deliver Americans from recession, financial crisis and the Wall St. Pool Hall, Mr. Obama’s agenda actually threatens to plunge America into new crises, while extending the current crises.
Profoundly anti-market and anti-capitalist themes and tones run through Mr. Obama’s speech. Nowhere in the world has a country risen to prosperity by blowing up markets (in energy, for example) and turning to massive state intervention (banking) to solve problems, especially problems that do not even exist (oil dependence).
Mr. Obama’s speech, burdened with never-ending calls for state action, contains the seeds of at least four crises….
Read it all.
Terence Corcoran: Obama solution begets crises
The agenda is likely to reshape American capitalism, if that’s what you want. But let me rain on this parade as it passes ”” before The Music Man runs off with River City’s most beautiful women. While he promises to deliver Americans from recession, financial crisis and the Wall St. Pool Hall, Mr. Obama’s agenda actually threatens to plunge America into new crises, while extending the current crises.
Profoundly anti-market and anti-capitalist themes and tones run through Mr. Obama’s speech. Nowhere in the world has a country risen to prosperity by blowing up markets (in energy, for example) and turning to massive state intervention (banking) to solve problems, especially problems that do not even exist (oil dependence).
Mr. Obama’s speech, burdened with never-ending calls for state action, contains the seeds of at least four crises….
Read it all.