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Location: Pantego, Texas, United States

Wednesday, December 24, 2008

The Obama Administration is touting the old Franklin Roosevelt lie that big government socialism is necessary to save capitalism. The book The End of Prosperity by Art Laffer, Steven Moore, and Peter Tanous discusses the "four killers of prosperity." I like this phrase from "charliefoxtrotblog," which reviews the book: The four horsemen of the Obacalypse. http://charliefoxtrotblog.blogspot.com/2008/12/four-horsemen-of-obacaplypse.html

It is sad, but the Bush Administration has unleashed two of the killers of the economy on us: uncontrolled spending and monetary policy mistakes. Obama will gleefully impose the other two: trade protectionism and stifling regulation.

Hard times are a'coming.

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