Must Read: Mark Steyn’s “Outrage Kabuki” at NRO
Posted by Reid on March 23, 2009
As usual he is amazing… head over to NRO and read the article, I would be happy to talk about it here though. Here is just a highlight that I quite enjoyed.
The investor class invests in jurisdictions where the rules are clear and stable. Right now, Washington is telling the planet: In our America, there are no rules. Got a legally binding contract? We’ll tear it up. Refuse to surrender the dough? We’ll pass a law targeted at you, yes, you, Mr. Beau Nuss of 27 Plutocrat Gardens, Fatcatville. If you want a banana republic on steroids, this is great news. So cheer on thuggish grandstanding by incompetent legislators-for-life like Barney Frank if you wish. But, in any battle between the political class and the business class, you’re only fooling yourself if you think it’s in your interest for the latter to lose.