"...history shows that some of the most successful politicians have been people who ruined the local economy and chased job-creating businesses away. Mayor Coleman Young of Detroit in the 1970s and 1980s was not worried when affluent whites began moving out of the city in response to his policies, because they were people who were likely to vote against him if they stayed. Of course they took their taxes, their investment money and the jobs they created with them. But that was Detroit's problem, not Coleman Young's problem. Barack Obama may win re-election by turning the United States into Detroit writ large."A voice crying in the wilderness? Perhaps so, but Dr. Sowell's on the money. Read the whole thing here.
Saturday, May 5, 2012
The Politics of Ruination
With an administration pursuing policies that are ruinous to the country, one may be puzzled with the logic of it all. Thomas Sowell has unwound the politics of a government bent on punishing the energy and job creators that make the country go: