Friday, June 12, 2009

Yes We...Oh, Never Mind!

President Obama may remain personally popular, but the policies he and the Democratic Congressional leadership are advancing are meeting increasing resistance from much of the public. A Rasmussen survey released this week indicates that voters favor the Republicans on six out of ten key issues, including the economy. Meanwhile, more polls appear to be confirming a trend of more Americans identifying themselves as "prolife" than "prochoice".

Beyond poll numbers, key constituencies may be realizing that they didn't get the kind of "change" they were "hope"-ing for. Michael Malone analyzes the situation of high-tech companies, big and small. (Hat tip to Rand Simberg.)
But that was in November. It’s June now, and while the big companies have largely gotten their wish when it comes to new start-ups - as I’ve said, entrepreneurship is under assault in the U.S. like we have not seen in our lifetimes - the tech giants are now discovering they may have made a devil’s bargain. The Administration’s brute force handling of the Chrysler and GM take-overs, seemingly violating contract law in the process; its mutterings about managing executive bonuses; its creation of industry czars without the need for Congressional approval; and the prospect of endless debt, economic stagnation and runaway inflation waiting in the wings - all have to be making the same CEOs pretty darn nervous these days . . . and asking themselves if they’ve made a terrible mistake.

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