Is Obama the new FDR?
Anyway, if you are interested in the topic, read the book, it's easy to get through and digest, even for those who are laymen in economics.
Commentary on popular culture and society, from a (mostly) psychological perspective
But then in mid to late June, along came the POR (Pelosi-Obama-Reid) economy. The Democratic triumvirate’s intent to starve the nation of energy, regardless of the consequences, and newly minted presidential nominee Barack Obama’s designs on punitively taxing 5% of the nation’s most productive in the name of redistributing money to everyone else, both became crystal clear. As a result, paraphrasing what I wrote at the time, businesses, investors, and entrepreneurs responded to the trio’s total lack of seriousness by battening down the hatches and preparing for the worst.
“Tea parties.” “Going Galt.” You’ve probably seen a growing number of references to these in the media, online, and on signs at rallies reacting to new government spending and controls.
The Boston Tea Party was a rebellion against excessive government. Today’s “tea parties” say “no” to spending without limit and the government takeover of our lives.
“Going Galt!” If you’ve read Ayn Rand’s Atlas Shrugged,you appreciate the parallels between today’s disintegrating world and the events depicted in that prophetic novel. Atlas Shrugged is the story ofhow productive people went on strike, withdrawing their services in protest against a society that damned them for being productive and expropriated the fruits of their labor.
The ideas in Atlas Shrugged can be powerful moral weapons to roll back the forces of repression and irrationality. The Atlas Society is your premier source for information on those ideas. We’ve compiled this page to help you understand the whole “Going Galt” phenomenon.
What is “Going Galt?”
* “Going Galt” doesn’t simply mean getting angry. That would be “Going Postal.” It means having righteous indignation at the injustice of a political system that bails out individuals and institutions for irresponsible behavior and at the expense of those like you who prosper through hard work and personal responsibly.
* “Going Galt” means asking in the face of new taxes and government controls, “Why work at all?” “For whom am I working?” “Am I a slave?”
Men are not merely becoming unemployed in greater numbers than ever before. They are actually dropping out of the labor force at greater rates than before, which is different....
In March 2009, the BLS reported that 1,162,000 women and 1,238,000 men had shifted from "looking" to "stopped looking" in the preceding month. So not only are men and women now exiting the labor force at roughly equal rates, but if current trends continue, men will start doing so even more. The increase in the number of women dropping out from December 2007 to March 2009 was 38%. The increase in the number of men dropping out was 90%.