Is the title of this editorial in Investor's Business Daily. Its author presents a grim picture of the economy and our future. Capital is fleeing the United State along with young, high-earning professionals from India and China. To this end, the IBD quotes a new study asserting that "some 100,000 highly educated, well-trained Indans now living in the U.S. will return home in the next few y ears. Ditto China" Capital flight and emigration are bellweathers of the future. The editorial closes with an eloquent conclusion:
No, we don't blame all our current ills on President Obama. He came in at a tough time, when many bad decisions had already been made. But he is responsible for what he's done since.
His stimulus package is little more than a down payment on a socialist economy. It raises taxes on the successful, brings back the welfare state, hands out favors and cash to friends of one political party, while imposing government control over the entire free market in ways that just a year ago would have seemed unimaginable.