Not sure which “sky is falling” stuff you are talking about, but academic graphs based on historical trends also miss the point: that we’ve never had a government and several generations of Americans so staggeringly ignorant of and hostile towards business - and maybe never had so many business owners and entrepreneurs so scared or fed up that they are “on strike.”
Obama has successfully done a lot of “fundamental transforming” of this country - meaning the country upon which all of this wonderful academic study is done is irrelevant. New lay of the land now, and it ain’t a good one.
I was thinking the same thing. While it’s probably not as bad as some predict, it’s definately not as “ok” as others predict.