Wow. What a perfect example of a pyrrhic victory.
The Democrats won the election and, in so doing, they have guaranteed the continued infliction of economic suffering on most of their own constituency. The so-called rich will suffer little in comparison to the masses of envious political lemmings, who when asked if the rich should be taxed and regulated more responded with a reflexive yes as though that would better their own lives. The rich will simply scale down any plans for expansion of their businesses that would require more hiring. They will wait until the political climate once again respects entrepreneurship and risk-taking.
The polls revealed that nearly 70 percent considered the weak economy to be their major concern and yet they were duped into voting for more regulation and taxes on the only segment that can improve the economy - the job creators. One can logically assume that if those voters are passengers in a vehicle that is laboring to ascend a steep grade, they should be kept out of reach of the hand brake.
The next two years promise to reteach an old and often taught and forgotten lesson about the folly of opting for style and flash over substance. Cultish messiah worship and emotional exuberance will likely morph into shame and chagrin as many hidden and some yet-unwritten rules and regulations of the Dodd-Frank Act and Obamacare implode a fragile economy.
Dan Speas
Haiku
