…and some hope:

Rather than Obama destroying the economy, there is a sense emerging that he is merely restraining it. Should Obama lose in November, there will be the greatest collective sigh of relief since 1980 and a yell that all hell will break lose, in the good sense of business activity, commerce, investment, hiring, and resource utilization being unleashed.

Look at it this way: for four years Obama has poked and jabbed at the corralled stallion, and when the gate goes up he will roar out as never before. Or if you are a Greek, try this: for 30 years we have been lectured to death about global warming, the brilliant Ivy League technocrats, the genius of Keynesian borrowing, the need for multiculturalism in the White House, if only we had open borders, why lawyers and academics need to be in charge—all on the “what if” presumption that no one in his right mind would let any of the above become gospel. And so we had the constant liberal whine, “if only.…” Now we have it in the flesh, and in cathartic fashion Obama is going to purge us of that unhinged temptation for another generation.

Plus a bonus discussion of the current state of the no-longer-so-golden state.