Speaker For The Diodes - November 15th, 2010

Nov. 15th, 2010

05:24 am - QotD

"[...] For no matter your view of President Obama, he effectively saved capitalism. And for that, he paid a terrible political price.

[list of stuff Obama has done]

"Interest rates are at record lows. Corporate profits are lighting up boardrooms; it is one of the best years for earnings in a decade.

"All of the above is good for capitalism, and should end any serious-minded discussion about Obama the socialist. But more than anything, the fact that the president took on the structural flaws of a broken free enterprise system instead of focusing on things that the average voter could understand explains why his party was routed on Tuesday. Obama got on the wrong side of voter anxiety in a decade of diminished fortunes."

-- Timothy Egan, 2010-11-02 in The New York Times

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