Democrats Bid Business Adieu
…There has always been tension between the Democratic Party and the private sector. That tension is over. With its vote in the House of Representatives to punish corporate bonus payments, the national Democratic Party has disconnected itself entirely from the private sector.
…The current version of the party has largely broken free of any understanding whatsoever of the private sector — how it works or what it needs to function.
True socialists at least think about markets so they can criticize them. The Democratic Party’s leadership doesn’t stir to even that level of engagement. In the House, Senate and some corners of the Obama White House, the party is acting as if the marketplace was the world of an alien tribe, which it has to control through intimidation or demands for protective tribute (read: campaign contributions).
…If the private sector is now largely an abstraction to Democrats in Congress, they will continue to make mistakes, explicit like the bonus bill or just thoughtless errors…