From a new column by Daniel Henninger in The Wall Street Journal:
Calvin Coolidge once said, "The chief business of the American people is business." The Democrats just lost America because they forgot that.Read the full column at the newspaper's website.
On second thought, you can't forget what you never knew. The Democrats running things the past two years proved they have no clue about the business of business. In their world, the real world of the private economy is an abstraction, a political figment.
Daniel Henninger says that the Democrats decoupled from business - and lost the election.
Exhibit A: Along the road to ObamaCare, the party's planners inserted into the bill the now- famous 1099 provision, requiring businesses to do an IRS report for any transaction over $600 annually. No member of Congress, White House staffer or party flunky thought to say, "Oh, wow, this 1099 requirement will crush people running their own businesses. Are we sure we want to do this?" Yes, and that 1099 fiasco is a metaphor now for the modern Democratic Party.