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June 25, 2009
Economic recovery? What recovery?
Topics: Political News and commentariesWarren Buffet says there's no recovery in sight. And given the rate and manner at which Team Obama and the Democrats are spending money and expanding government, I'm inclined to believe it.
As C. Edmund Wright suggests at The American Thinker, any assumption of a recovery fails to consider the idea that we now have a government run by people who ignore American history and who are hell bent on changing America's future:
Obama has done more than apologize for America's greatness and generosity while abroad. He is wreaking havoc on the economy that paid for that greatness and generosity at home. Don't you remember? He is "the one" we've been waiting for to finally do something right around here.Read it all.Thus the conviction that Americans always bounce back and bring their economy with them is not necessarily relevant anymore. The rules for business have changed and continue to do so daily. Incentive has been devastated. The reliable motivations of the past do not matter, because most of those dynamics have been targeted as what is wrong with this country and they are systematically being removed at a stunning pace.
In reaction, Atlas is shrugging. And who can blame him (and her).
We cannot be on the verge of any meaningful recovery because we are in a downward swirl of liberal policy consequences -- and we have a government determined to correct this by getting more and more liberal.
Related:
Ron Paul: Obama 'Goal' Is Economic Collapse
Buffett: U.S. Economy in Shambles
Examiner Editorial: Get ready for Obama's coming hyperinflation
Posted by Abdul at June 25, 2009 7:08 AM
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