Teh Gangsta

Power Line - The Down-Side of Gangster Government: "Bulls of the US economy frequently point to the flush state of the US corporate balance sheet to support the idea that an investment boom will soon be riding to the rescue of growth and job creation, but as things stand there is little reason for wanting to invest in the US, which seems as politically inept as it is economically marooned.

I'm not sure we're economically marooned, but we certainly are politically inept. The rule of law is probably the single most important factor in generating long-term economic growth. The consequences of the Obama administration's abandonment of the rule of law in favor of gangster government may not be felt immediately, but they nonetheless are likely to be immense."