Democrats in the White House and Congress have driven the U.S. economy into a deep, deep ditch.
But, hey, could anyone have predicted this?
Well, yeah. Me and a whole lot of other thinking people.
As I wrote a year ago today:
"Anyone who understands economics knows the bone-crushing and motivation-destroying effects of heavy government regulation and taxation. For that reason, it's hard to be optimistic about the next two years under Obama and Democrats in Congress. Liberals in power are currently going all-out in the direction of big government and central control. The resulting market distortions will be phenomenal. Fortunes will be made on the scraps and surpluses created by government miscalculation and waste. Larger fortunes will be lost under the leaden weight of taxation, regulation and spending."
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