Seeing the Democrat daily quibble over whether Ted Cruz exaggerated about the economy getting worse makes me want to scream. Fortunately I have other distractions and the Rancho’s economy is doing pretty well.
The economy beyond Texas, however, is dreadful and five years on, Wormtongue and his mendacious party (and their news media cronies) are still blaming Bush. Or Fox News, or Rush Limbaugh, or Ted Cruz. Anybody but the crew of this train wreck.
Wall Street Journal editorial page editor Dan Henninger summarizes the reasons behind the disaster, with my bolding:
“The no-decision on the Keystone XL pipeline and its union jobs; the 2,000-page regulatory law draped in 2010 across the entire financial sector; the shutdown in 2010 and then the slow-walking of offshore oil drilling;
“Siccing the EPA on the utilities industry and the National Labor Relations Board on all industry; a 2010 FCC decision to regulate Internet growth; a significant tax increase this year; support this month for jacking up the federal minimum wage to over $10, certain to smother new jobs; the Justice Department’s $13 billion looting of J.P. Morgan bank; and of course Hurricane ObamaCare.
“Barack Obama has the U.S. economy on lockdown. It’s the worst thing this president has done. American resilience, and elections, mean it won’t stay this way forever. But for a lot of poor and middle-class folks, living with mom in the basement is getting old.”
Cynics say the basement dwellers and the rest of the un- or underemployed won’t vote in enough numbers to keep the new/old welfare class from re-electing the train wreck.
They’d better be wrong because things that can’t go on forever won’t. When something has to give, it will. One way or another.