The War on the Economy

Posted: Jul 13, 2009 5:25 PM
My Townhall column points out that even the "Obamessiah" can't repeal the laws of economic gravity; it's impossible to have an economic recovery while simultaneously going after big and small business, along with "the rich":

It’s impossible for the President and the Democrats to preside over an economic recovery when they push an agenda that punishes success and threatens productivity. When “the wealthiest Americans” know that their taxes are going to increase, they lack the confidence to make the investments and the purchases that would stimulate economic growth. When small businesses hear about a regime of heavy new fines, their owners don’t feel secure enough to expand their payrolls. And when those running big businesses realize that every move is going to be scrutinized and possibly second-guessed by a crusading Justice Department, they’ll become hyper-cautious – and less likely to take the risks that can spur dynamic growth.

Read the whole thing here.

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