David Frum: Quick fix today, crisis tomorrow in Obama's White House
In barely four months, Barack Obama has nudged the United States toward a future in which government will be bigger and more assertive -- where taxes will be higher and government unions more powerful -- where legal rights are less secure and contracts more uncertain.
In California, he is pushing a state toward the fiscal edge in order to favour a union ally. At Chrysler, he has put at risk the security of every contract in the country to please another union.
Meanwhile, his administration is planning changes to the regulation of finance that are likely to leave the United States less dynamic and less innovative in the years ahead -- at the same time as taxes rise and educational levels decline.
I like the way he ties it together. He also pointed out how disturbing it was that the TARP banks went right on along with the Chrysler plan without so much as a yelp. They were giving away their clients money and didn't even register a complaint. That hit home. Sphere: Related Content