The economy shrinks at a 1% rate in the first quarter because of shrinking business activity, not because of 'the weather'.
It turns out that massive mandates, bales of new regulations, a hard push to drive up the cost of energy and food, new taxes and welfare expansion aren't good for the economy. And after the 30s and 70s all I can say is: Who Knew? Well me, for one. I predicted at the accession of The One to the Eagle Throne that we'd have one helluva capital strike on our hands if he pulled the stunts that he promised. And sure enough he did. And the result of putting your size 13 wingtip on the nation's trachea for nigh on six years is....well you see it all around you in broken dreams and despair. Hell, the Mexicans ain't even coming anymore.
I mean crony corporatism and shameless rent seeking usually work....Oh well the new neo Marxist 'eat the rich' shtick is bound to rock our economic world. Gun it Barry: make Thelma and Louise proud . McCardle at the link.
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