James Taranto explains Obama’s terms.

Obama in Iowa yesterday: "We had reversed the recession, avoided a depression, got the economy moving again, created 2 million private sector jobs over the last 17 months. But over the last six months, we’ve had a run of bad luck."

Robert Heinlein, in "Time Enough for Love," 1973: "Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded–here and there, now and then–are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty. This is known as ‘bad luck.’ "

Punishing job creators with higher and higher taxes is to now be referred to as "bad luck".

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  2. Taxes in a Recession
  3. Friday Link Wrap-up
  4. Super Tuesday Results
  5. The Compendium of Sarah Palin Rumors

Filed under: Doug • Economics & Taxes

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