VDH Joins the TEA Party Consensus

Though he seems to come to his conclusion reluctantly, and suggests that what we are witnessing (and which some of us predicted) is less full on shrug than a shifting of the load…

Atlas Is Sorta Shrugging

by Victor Davis Hanson | Works and Days (Pajamas Media)

Both the president and his supporters fault supposedly self-interested corporations and “the rich” who sit on “trillions of dollars” in capital and won’t hire new workers or make massive purchases of equipment. They are the real cause of record budget deficits, unsustainable aggregate debt, credit downgrading, high unemployment, a nose-diving stock market, sluggish growth, near-zero interest rates, explosive trade deficits, sky-high energy and food prices, a still ruined housing market, and a general fear of new hyperinflation.

There is some truth to Obama’s screed, though not quite in the way he thinks. So let me be perfectly clear and make no mistake about it and let’s be honest: The employers of America have taken a time out, despite the fact that now might be a good time to gear up for the inevitable recovery. They haven’t let the resting world fall entirely from their broad shoulders, but they have bent over for a bit and the globe is tottering on their upper arms.

Consider why after nearly three years our tired Atlas is starting to slouch.

I urge you all to read the whole thing, and then take a look around…

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