I was cleaning out my e-mail, and stumbled across an article from mid-2007 written by Larry Kudlow. He was commenting on the new Democratic Majority's promise to change things. As he pointed out, at the time the market was at an all-time high, housing values were up 200%, unemployment was at near-historic lows, oil prices were dropping, and our deficit had been cut in half.
And he asked the obvious question -- what exactly where the Democrats going to change?
The answer is now clear. The question is why anybody who actually had any money saved would ever have voted for the Democrats or Obama -- and whether anybody who used to have money before the Democrats took over would make that mistake ever again.
Obama may be a good President for the unemployed and those who spent money they didn't have. Democrats are good at supporting their constituency, which apparently are a mix of people who don't invest, people who don't work, and people who have money but never had to work for it and have it protected. Oh, and I forgot tax cheats.
But, to paraphrase Margaret Thatcher, socialism is great for the have-nots, until they run out of "haves" to steal from. Which Obama is taking care of in record fashion. At some point, maybe Obama will realise that if the nation is bankrupt, the Russians and the Chinese and the Palistinians aren't going to come bail us out. And you can't give away health care if you don't have it to give. And, well, all of us really did want to retire some day, even if Obama is too young to give a damn.
