Hopelessly Deluded Fools Dept.

Spending:

Obamanomics doggedly followed the opposite of Reaganomics in every detail. The centerpiece of Obamanomics was the old-fashioned Keynesianism that was a proven failure and left for dead 30 years ago.

Taxes:

[In 2013, small businessmen, job creators, and investors will] see their income tax rates jump by nearly 20%, the capital gains tax rate increase by nearly 60%, the total tax rate on corporate dividends increase by nearly three times, their Medicare payroll tax rate increase by 62%, and the death tax rise from the grave with a 55% rate.

Not just wrong. Spectacularly wrong.

Alternative title for this post: Purposeful, Malevolent, Devious Pricks Dept.

"The Coming Crash of 2013." By Peter Ferrara, American Spectator, 6/8/11.