President Nobama https://t.co/iKHUajXCwD via @VDHanson pic.twitter.com/PbA1J7jeuC— National Review (@NRO) January 17, 2018
...The wonder was never how to grow the economy at 3 percent (all presidents prior to 2009 had at one time or another done just that), but rather, contrary to “expert” economic opinion, how to discover ways to prevent that organic occurrence.
Obama was the first modern president who apparently figured out how. It took the efforts of a 24/7 redistributionist agenda of tax increases, federalizing health care, massive new debt, layers of more regulation, zero-interest rates, neo-socialist regulatory appointments, expansionary eligibility for entitlements, and constant anti-free-market jawboning that created a psychological atmosphere conducive to real retrenchment, mental holding patterns, and legitimate fears over discernable success. Obama weaponized federal agencies including the IRS, DOJ, and EPA in such a manner as to worry anyone successful, prominent, and conservative enough to come under the federal radar of a vindictive Lois Lerner, Eric Holder, or a FISA court.
Trump has sought to undo all that, point by point. The initial result so far is not rocket science, but rather a natural expression of what happens when millions of Americans believe they have greater freedom and safety to profit and innovate, and trust they will not be punished, materially or psychologically, for the ensuing successful results....