SOCIAL ECONOMICS 101
Like most of this site, this page is under development. And like most of us, your editor included, Economic Theory and Free Markets are a bit of a mystery. So, until we can publish a better Free Market page, let’s watch Reagan and Obama debate Social Economics 101.
Bullfighting is a dangerous sport; the bull wins by lethally plowing into the matador. Nevertheless, President Obama is trying his hand at bullfighting and he’s using unconstitutional trickery to shield himself from a lethal political blow. In Obama’s case, the bull’s name is “Wall Street”—the lifeblood of American culture.
Think of Wall Street as a bull bursting with strength and fecundity—an animal taking risks and producing deals that other animals cannot—risks and deals that create wealth and jobs. Well, Obama seems determined to “kill” Wall Street capitalism and replace it with socialism. And he is employing trickery like stuntmen and scapegoats to win public support for his “bullfight.”