Obamanomics and Irene
“With Hurricane Irene threatening a full-force hit,” The New York Times tells us this morning, “New York City on Thursday ordered the evacuation of nursing homes and senior centers in low-lying areas and made plans for the possible shutdown of the entire transit system.”
Prudent behavior this, and as I argued on Stuart Varney’s Fox Business program yesterday, the East Coast is reacting to the approach of Irene as the private sector has to the full fury of Obamanomics. Both are battening down the hatches and boarding up the windows. Capital, like the tourists, is fleeing. Obamacare, Dodd-Frank, the NLRB, the EPA, the endless demands for higher taxes are causing employers to hunker down.
Perhaps as we pray for the storm to pass without loss of life or serious damage, we can add a small one that the president might wake up to the effects of his storm of regulation and taxes.