Today, in spite of grim job numbers, the market is headed up. Killing the stimulus bill seems to stimulate the stock market.
Thanks for that Krauthammer article link. As Jim Carrey would say, that was smokin’! Given Krauthammer’s commentary in the leadup to the election, it also appears to be quite the epiphany.
Excellent article! Thanks for posting it.
"The Age of Obama begins with perhaps the greatest frenzy of old-politics influence peddling ever seen in Washington. By the time the stimulus bill reached the Senate, reports the Wall Street Journal, pharmaceutical and high-tech companies were lobbying furiously for a new plan to repatriate overseas profits that would yield major tax savings. California wine growers and Florida citrus producers were fighting to change a single phrase in one provision. Substituting "planted" for "ready to market" would mean a windfall garnered from a new "bonus depreciation" incentive."
"After Obama's miraculous 2008 presidential campaign, it was clear that at some point the magical mystery tour would have to end. The nation would rub its eyes and begin to emerge from its reverie. The hallucinatory Obama would give way to the mere mortal. The great ethical transformations promised would be seen as a fairy tale that all presidents tell -- and that this president told better than anyone."
I thought the awakening would take six months. It took two and a half weeks."