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The hope and change hangover – Hugh Hewitt

08/29/2011

The “hope and change hangover” the country is experiencing is 100 percent the consequence of the policies adopted in 2007 and 2008 by President Obama in concert with Nancy Pelosi and Harry Reid.

Even the recession bequeathed to this trio of massive spenders combined with the dire consequences of the Panic of 2008 did not oblige the country to struggle through the dreariest recovery in modern times.

This is an Obama-made becalming of the economic waters, an inevitability when Obamacare, the Dodd-Frank Wall Street reforms, an out-of-control federal regulatory blob consisting of the Environmental Protection Agency, Consumer Product Safety Commission, Department of Interior and more, combined with massive deficits to create the perfect storm for the private sector.

Amity Shlaes described in her magnificent “The Forgotten Man: A New History of the Great Depression” how President Franklin Roosevelt and his group of political operatives and academic theorists prolonged the terrible times brought on by the Crash of 1929 by endless “innovation.”

Read More at Washington Examiner.

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