Thomas Cooley puts all those long articles about the current illegal ways of the US government into one succinct paragraph: (ht Instapundit who adds more at the end.)
The Obama administration has shown repeatedly that it is willing to change the rules and even challenge the sanctity of contracts in the interests of its political agenda. The best, most recent example is the Chrysler restructuring.
…………….
Why would private capital get involved when the rules of the game are so capricious? No one would take that gamble when it is clear that, in dealing with the government, private capital will always take a back seat to politically powerful entities.
Exactly.
You should go read The Anchoress today too. She took the time to link up a ton of articles about the latest news cycle. The recession is practically over.
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