Sunday, September 04, 2011

Obama Blinks by Llewellyn H. Rockwell, Jr.

Obama Blinks by Llewellyn H. Rockwell, Jr.:

...But now, with Obama’s announcement, we see the proverbial turn on the dime. He and his administration are admitting that their program is a drain, a burden, an unwelcome presence, a hobbler of prosperity.

That is the implication, and that is really the only conclusion that one can draw from this announcement. It pretty much upends a major claim of the interventionists.

And why is he doing this? Well, look at the polls. It’s a disaster right now for Obama’s presidency.

And look at the economy. It is not growing; it’s shrinking. It’s almost like this combination of political and economic disaster has finally awakened the administration to reality.

This whole thing reminds me of an event in Austria following World War I..............................

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