What a difference a couple years make! In 2009, the new president enjoyed political conditions conducive to his domestic agenda. For years, strong pluralities of voters had favored national plans to curb climate change and provide universal health care. However unfairly, free enterprise had taken a beating due to the 2008 financial collapse. Conventional wisdom had long been that Democrats better managed the economy, and Republicans were stronger on national security. Having bungled both, the Bush administration set up the perfect volley for Obama to advance his social democratic program. For his first year, Obama picked economic winners and losers, bailed out industries, appointed tsars to oversee industry, even told a CEO to step down. The economy was his oyster and his Midas touch would bring it back to life. (more)

Anthony Gregory - Anthony Gregory is Research Editor at the Independent Institute and is currently writing a book on individual liberty and the writ of habeas corpus.
4:50 PM 08/18/2011

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