What If the President Liked Businesspeople?
The U.S. stock market has nose-dived. Congress just approved the highest debt ceiling in American history, allowing the government to carry over $16 trillion in national debt, and prompting the credit-rating agency Standard & Poor’s to downgrade America’s multitrillion-dollar debt for the first time in 70 years.
Unemployment is still over 9 percent. Private-sector businesses may have more than $1 trillion in cash, but they will be scared away from hiring or buying for as long as they fear new taxes, new regulations, new entitlement obligations, new plant shutdowns — or a new harangue
http://www.nationalreview.com/articl...r-davis-hanson