President Obama didn't comment on Friday's report of declining growth in the second quarter, and that's no surprise. The economic story of his Presidency is by now familiar: a plodding recovery that has taken its third dip in three years and is barely raising incomes for most Americans...
The tragedy of the Obama Presidency is that it ignored the supply side: the producers, the risk-takers, the salary earners who put in 50 and 60 hours a week to get ahead. They have been battered by Washington, and no matter how much government tries to conjure growth with more spending and easier monetary policy, businesses won't produce and workers won't work if government threatens to confiscate returns.
bumper sticker - honk if you will pay my mortgage
"The problem with Socialism is that eventually you run out of other people's money." attributed to Margaret Thatcher
"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned - this is the sum of good government." Thomas Jefferson
