Assigned Reading: Gov. Mark Sanford: Obama’s Path to a Lost Decade
(FROM: Human Events)
This popped up yesterday and, while I left its window open on the computer all day, I didn’t actually have the chance to read it until shutting things down for the night here. Our pending move to Charleston, SC provides me with added motivation when I really need it–as I type this amid gaping real estate law books and outlines on my dining room table, a ball cap with the palmetto and moon dangles from the chair next to me–and it seemed almost poetic to finish up a long, long night characterized by complete dearth of hope by reading a solid commentary by the governor of my future home state.
Sanford, as usual, is right on a whole number of issues, but while he is generally at his best when hammering home the need for fiscal responsibility, accountability and just plain sanity, in this piece I liked what he had to say about the size, scope and role of the federal government. Here’s an excerpt:
Second, the recent string of invasive actions by the federal government has completely altered the long-defined and successful relationship between the private sector and the government in this country. In his well-regarded essay, “The Spirit of Democratic Capitalism,” AEI scholar Michael Novak points out that “No state had so legitimated and separated the economic sphere [from government] as did the fledgling United States,” and that that was indeed central to the genius of America.
I’d suggest that anyone observing what’s taken place recently would be hard pressed to argue that this administration has worked to maintain that separation. To use just one example, a few weeks back President Obama effectively fired the Chairman and CEO of General Motors, the same company that was once revered as an icon of American economic prowess.
An economic environment in which winners and losers are determined not by the market but by political fiat undermines the real stimulus of our economy — private capital. For entrepreneurs to take risks in the marketplace they need to have an understanding of what the rules are and that’s not possible when they see ad-hoc bailouts and the President taking unilateral action in the economy as he has.
Now, if you’ll excuse me, my pillow is calling.