History repeatedly shows that free markets work over time, and socialism does not. But we don’t need to plumb the depths of world history. We have our own recent history.
Since Obamacare, employers have reported that they will have to drop insurance policies covering tens of millions of Americans, and Medicaid spending will increase by $434 billion by 2020.
After (partially) bailing out the housing market, housing remains a depressed and failing sector, and Fannie and Freddie have the gall to ask for $6 billion is additional taxpayer money while paying $13 million in bonuses to their executives.
And this administration deludes itself that it knows how to invest in business. So it gives $535 million in loan guarantees to Solyndra as a good investment, only to see the company promptly go bankrupt. Just for good measure the energy secretary illegally restructured this scam to pay off President Obama’s fundraisers and stick you with the bill.
Arrogance and incompetence are a toxic combination. This White House and its cronies are overflowing with both. So Governor Perry argues that America needs someone new in the White House.