Academic

TIGERHAWK: The 35% Solution: ?Because its efforts have been broken into separate initiatives with ?

By Glenn Reynolds

TIGERHAWK: The 35% Solution: “Because its efforts have been broken into separate initiatives with different justifications, few people other than news junkies have noticed how extraordinary Barack Obama’s agenda is. Perhaps a number will help: 35%. That is the aggregate percentage of United States GDP produced by the three industries that the Democrats hope to restructure from the top down: Health care (17% of GDP), energy (9.8% of GDP), and financial services (8% of GDP). Think about that. Without even considering the transformational impact of proposed anti-business laws of general application, such as the Orwellian ‘employee free choice act,’ the Obama administration wants to redesign 35% of gross domestic product from the center. And he proposes to do it all in a rush this summer, lest the decline in his popularity and that of the Congressional Democrats erodes his power to do so.”

Full post as published by Instapundit.com on July 09, 2009 (boomark / email).