Friday, April 12, 2013

The Dow Jones Industrial Average...

...could hit 15,000 as early as next week. The S&P 500, meanwhile, could trade 1600 today. Now, while these levels don't mean that much in and of themselves, they should make for some good headlines.

So is it time to pop the champagne corks? Not exactly; GDP isn't as strong as we'd like and the unemployment number remains stubbornly high. But is the economy moving in the right direction? Absolutely.

A couple of weeks ago, Liz Cheney (above) wrote a piece in The Wall Street Journal which said (my emphasis):

President Obama is the most radical man ever to occupy the Oval Office. The national debt, which he is intent on increasing, has passed $16 trillion. He believes that more government borrowing and spending are the solution to every problem. He seems unaware that the free-enterprise system has lifted more people out of poverty than any other economic system devised by man.

Perhaps his ignorance of that fact explains his hostility toward the private sector. In one of his autobiographies, the president writes that he felt "like a spy behind enemy lines" during his brief stint working for private industry.

The president has launched a war on Americans' Second Amendment rights. He has launched a war on religious freedom. He has launched a war on fossil fuels. He is working to nationalize one-sixth of the economy with job-killing ObamaCare. He wants to collect a greater portion of every American paycheck, not for the purpose of paying down the national debt but to expand his governing machine. He doesn't believe in creating a bigger pie with more opportunity for all. He believes in greater redistribution of a much smaller pie. If you're unsure of what this America would look like, Google "Cyprus" or "Greece."

No, Ms. Cheney, Google "Dow Jones" or "S&P 500" instead.

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