"It profits me but little that a vigilant authority always protects the tranquillity of my pleasures and constantly averts all dangers from my path, without my care or concern, if this same authority is the absolute master of my liberty and my life."

--Alexis de Tocqueville, Democracy in America

Friday, January 4, 2013

And We Re-Elected Obama... Why?

This chart says it all.   Look, we have recessions.   They happen.  The problem of governing is to get out of the way of the natural bounce back from a recession that inevitably occurs when inventories dwindle and equipment ages and needs and desires for new things return.   Even deep recessions can have quick bounces back to prosperity if the governing philosophy allows the economy to fix itself.   That hasn't happened since 2007, as this chart shows:

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