From VDH's From the Unbelievable to the Passé:
Statism versus free markets is about as easy to understand as the difference between Singapore and Greece, and yet here we go again. This weird suicidal statist impulse seems for Obama to trump almost every other consideration: he may well destroy the Democratic Party for a decade just when it was recovering; he has so terrified private enterprise that trillions of dollars in capital are simply sitting out his first two years, waiting for the end of his congressional majorities, and hence his agenda to implode.
All this goes on as Obama sees the EU running away from precisely what he wishes to implement, while at home a high-tax, high-entitlement, redistributive economy like California has managed to destroy the most richly endowed human and natural landscape — agriculture, tourism, high-tech, oil and gas, Hollywood, Napa Valley, Silicon Valley — in the nation. And yet here we continue down into the abyss.