Obama's Radicalism Is Killing the Dow

"It's hard not to see the continued sell-off on Wall Street and the growing fear on Main Street as a product, at least in part, of the realization that our new president's policies are designed to radically re-engineer the market-based U.S. economy, not just mitigate the recession and financial crisis."

Deception at Core of Obama Plans

"The markets' recent precipitous decline is a reaction ... to the suspicion that Obama sees the continuing financial crisis as usefully creating the psychological conditions -- the sense of crisis bordering on fear-itself panic -- for enacting his "Big Bang" agenda to federalize and/or socialize health care, education and energy, the commanding heights of post-industrial society."

On the ethics of redistribution

"Bertrand de Jouvenel, writing in 1951 about popular attitudes toward income inequality in "The Ethics of Redistribution":

The film-star or the crooner is not grudged the income that is grudged to the oil magnate, because the people appreciate the entertainer's accomplishment and not the entrepreneur's, and because the former's personality is liked and the latter's is not. They feel that consumption of the entertainer's income is itself an entertainment, while the capitalist's is not, and somehow think that what the entertainer enjoys is deliberately given by them while the capitalist's income is somehow filched from them."

Has Obama Buried Reagan?

"What Ronald Reagan knew and they don't is that what moves a nation is the vital, teeming life of the private economy -- work, ideas, innovation, the excitement of production, getting bigger. Growth."

What Are the Odds of a Depression?

"International evidence suggests there is a 20% chance our stock-market crash will lead to much worse."

The budget reveals the liberal Obama

"This budget says the Republicans had Mr Obama right all along. The draft contains no trace of compromise. It makes no gesture, however small, however costless to its larger agenda, of a bipartisan approach to the great questions it addresses. It is a liberal’s dream of a new New Deal."

Federal Outlays as a Percentage of GDP