The stocks of America's once-great companies are selling for peanuts--actually less than peanuts, which are still pricey at the grocery store. America's industrial base has been gutted, and the corporate welfare handouts our alms-giver-in-chief fancies are the cure for all our ills will not restore American industry or save what's left of it from failing. That will take an entirely new approach to government--radical reduction in size, cost, and regulatory power--that Mr. O can't even begin to imagine. President Pollyanna can babble about hope all he wants, but reality requires sound thinking, not happy-talk make-believe. Our economy is being crushed by the weight of government, and Mr. O has just piled on the tonnage.
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