Obama's Radicalism Is Killing the Dow

From the poorly designed stimulus bill and vague new financial rescue plan, to the enormous expansion of government spending, taxes and debt somehow permanently strengthening economic growth, the assumptions underlying the president's economic program seem bereft of rigorous analysis and a careful reading of history.

Unfortunately, our history suggests new government programs, however noble the intent, more often wind up delivering less, more slowly, at far higher cost than projected, with potentially damaging unintended consequences.

President Obama is a strong believer in governmental solutions to private and public ailments. He is not concerned about the Constitutional limits to governmental interference into these affairs.