As I write the stock market has dropped from its high of more than 14,000 to below 7,000, more than cutting in half the investments and savings of millions of Americans. The drop has been even more precipitous since Congress began intervening in the market with bailouts and so-called “stimulus,” and since we handed over control of the economy to the free-spending, “let’s try anything” team of President Obama.
Winston Churchill said it best: “The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
President Obama has us well on the way to spreading the misery equally.
