…by capitalism:

Getting a nation’s economics right is more important than at any time since the end of World War II. Chile, Colombia, Peru and Brazil are pulling away from the rest of their hapless South American neighbors. China, India and others are simply copying or buying the West’s accomplishments.

The U.S. has a government led by a mindset obsessed with 250K-a-year “millionaires” and given to mocking “our blind faith in the market.” In a fast-moving world filled with nations intent on catching up with or passing us, this policy path is a waste of time.

There’s something you’re not going to hear the president say.

[Update a few minutes later]

This seems related somehow. Obama is worse than Carter:

“For the last couple of years, President Obama keeps claiming that the recession was the worst economy since the Great Depression. But this is not correct. This is the worst ‘recovery’ since the Great Depression.” The extended stagnation, high unemployment, and the troubling potential for a double dip recession is starting to look more like the Depression itself now.

But the indictment of Obamanomics goes beyond the actual performance so far. Even worse is that the economic policies have been so illogical, so transparently doomed to failure, and so threatening to America’s future.

And he’ll continue them as long as we let him. We can start to fix it in nineteen days. Read the whole thing. I agree with all of it, except the “President Newt Gingrich” part.

[Update a while later]

Comparing two recoveries:

This is why those saying that Obama’s OK, because Reagan’s approval was bad at this point, are whistling in the dark.