By John Sykes
This was one of those days where just about every editorial in The Wall Street Journal hit me between the eyes. I’ll use their titles and information lines as a way to give a quick overview and convey my sadness at the state of our union.
- Time for Obama to Pull a Clinton by Doug Schoen - “When I met with the president in early 1995, I warned him he would not be re-elected unless he changed his reputation”
- FDR and the Lessons of the Depression by Thomas E. Cooley and Lee E. Ohanian – “Higher taxes on capital and increased union power led to the 1937 economic slide.”
- The SEC’s Sop to Unions by Paul Atkins – “Under the new rules, average shareholders won’t muster the numbers to influence corporate elections.”
- [Blanche] Lincoln’s Last Earmark - “The USDA goes dark on farm subsidies”.
- Scapegoating For-Profit Colleges – “Obama tees-up another private industry for punishment.”
- Intel CEO Otellini’s Lament - “Jobs will not be created here.”
- Public Pensions and Our Fiscal Future by Arnold Schwarzenegger – “Few Californians in the private sector have $1 million in savings, but that’s effectively the retirement account they guaranteed to many government employees.”
So what does the above convey in one sentence?
An arrogant, stubborn statist President, who hasn’t learned the lessons of the depression, is pandering to the unions and large businesses who now can’t or won’t create jobs to support burdened Greece-like state entitlement programs.