Obama Care Dies, Socialism Stifled

Speaker Nancy Pelosi admitted today that the Democrats no longer have the votes to pass Obama's plan for health care reform ( read takeover). There were no GOP additions to the House of Representatives in special elections, but the victory by Scott Brown is a game changer whether Obama admits it or not. And for now, Americans can breathe a sigh of relief that the central planners have been stymied for now. They will be back though...

The "progressives" or "liberals" are always in favour of progressively bigger government, progressively higher taxes, progressively less freedom and are generally illiberal in the views on public policy.

Pelosi says now that there's no rush, but that hardly seemed the case just a few weeks ago when the Dems were scrambling to pass anything to give Obama his "victory" in time for the state of the union speech. It seems that many on the left are not grasping the public backlash against larger government. A more accurate reflection is that people want government to work better, but not grow bigger. The size of the deficit is freaking out many average Americans who realize that just as they are in deep trouble if they're over-mortgaged, the government cannot outlive its means forever either.

The people want a growing economy and job creation, but the Community Organizer in chief has no idea how to do either, partly because he's never worked in the real world (i.e. private sector) where making payroll isn't always easy and selling products or services determines whether you survive or fail.

Obama's latest move to further regulate banks will only result in less wealth creation and more red tape. US banks will be at a disadvantage to others around the world who are permitted offer more services. Capital flows to areas of least resistance, as in less regulation and tax. Until the American government decides it wants to help make its companies more competitive on a global scale, don't expect that unemployment number to change much.