“Damn, it feels good to be a crony…”
As we have said before we believe that the libertarian movement is the most important movement in American politics right now, perhaps for more than a generation. It is also arguably the most important movement in world politics.
It is the young who have been most hurt by the economy over the last 5 years. This is a case in point. Many younger people are mired in debt (student or otherwise) and have tenuous holds on jobs if they have a job at all. Many college graduates are waiting tables to get by. A good number of younger people resort to mom and dad’s place as the funds run out.
Boy, the Congressional Budget Office report which showed that Obamacare will further reduce the number of people in the workforce sure threw the White House for a loop. It spent most of Friday trying to explain the report away.
The train wreck just continues to pile up.
I think absolutely. Many kids have tried to hide from the economy in school in a way similar to the kids in the 60s who sought to hide from Vietnam in college. But a big difference between the two groups of students, besides the length of their hair, is that college for the baby boomer kids was for the most part paid for. College for the “millennials” is mostly bought on credit, very easy credit.
Unintended consequences. You’d think the big government people would have learned this by now. But the dream of heaven on earth, all administered from Washington is so alluring. Every generation some can’t help but be drawn to the siren’s call. This time will be different. This time it’ll work.
Is the president really this ignorant of business and economics?
It is interesting to hear (some) people praise Mr. Bernanke for having “saved” the United States and the world from Great Depression II. This praise is misplaced to say the least.