Home Depot Co-Founder: Obama Is Choking Recovery

Bernie Marcus co-founded Home Depot (HD) in 1978 and brought it public in 1981 as the U.S. was suffering from the worst recession and unemployment in 40 years. The company thrived, creating hundreds of thousands of jobs and redefining home improvement retailing.

But Marcus says Home Depot “would never have succeeded” if it launched today due to onerous regulation. He recently helped launch the Job Creators Alliance, a Dallas-based nonprofit of CEOs and entrepreneurs dedicated to preserving the free enterprise system. IBD recently spoke to him about jobs and the economy.

Leftism, the Religion

Many Americans find it difficult to understand why Jews on the left, including many who would call themselves “liberal” rather than “left,”continued to enthusiastically support President Obama after the revelations about the anti-Israel and anti-Jewish views of the Rev. Jeremiah Wright, the president’s religious mentor and close friend. This confusion is all the greater now that President Obama has humiliated the Israeli prime minister and created the tensest moment in U.S.-Israel relations in memory.

Likewise, many Americans wonder how Democratic congressmen who claim to be faithful, pro-life Catholics could vote for a health-care bill that allows for federal funding of abortions after opposing it up to the last day.

Editorial: Greece’s Only Cure Is The Free Market

Debt Crises: What a sorry spectacle to watch Greeks rioting in the streets in reaction to austerity measures. As if tantrums can change reality. It’s Exhibit A of how socialism infantilizes citizens. The only cure is free markets.

As Greece’s legislature heads for a vote Wednesday to cut the size of its government by $40 billion in exchange for the last $17 billion of a $156 billion International Monetary Fund bailout on July 3, the world’s television screens are flooded with images of young “indignantes” calling a riotous 48 hour-strike in Athens.

The Republican Who Can Win

To win the presidency in 2012, the Republican candidate will require certain strengths. Among them, a credible passion for ideas other than cost-cutting and small government. He or she will have to speak in the voice of Americans who know in their bones the extraordinary character of their democracy, and that voice will have to ring out steadily. That Republican candidate will need, no less, the ability to talk about matters like Medicare and Social Security without terrorizing the electorate.

What If Jews Had Followed the Palestinian Path?

It is doubtful that there has ever been a more miserable human refuse than Jewish survivors after World War II. Starving, emaciated, stateless—they were not welcomed back by countries where they had lived for generations as assimilated and educated citizens. Germany was no place to return to and in Kielce, Poland, 40 Jews who survived the Holocaust were killed in a pogrom one year after the war ended. The European Jew, circa 1945, quickly went from victim to international refugee disaster.

Yet within a very brief time, this epic calamity disappeared, so much so that few people today even remember the period. How did this happen in an era when Palestinian refugees have continued to be stateless for generations?

As we go over the cliff, just who is in the driver’s seat?

A few months ago, I asked the question, “How did we get here?”

If you have to ask where “here” is, then you may as well not read this column. But if you, too, believe that “here” is the end of the road for Western civilization, then you may as well read it and weep.

If you have to ask where “here” is, then you may as well not read this column. But if you, too, believe that “here” is the end of the road for Western civilization, then you may as well read it and weep.

I have explored a few possibilities already to explain the collapse of American values and American traditions in the past 50 years (which roughly correspond to my own life span up till now). Most of them seem to be linked to the phony Marxist philosophy of “redistribution of wealth,” whether in the guise of the New Deal, the Great Society, social justice or “the myth of permanent plenty.”

Reaganomics Vs. Obamanomics: Facts And Figures

In February 2009 I wrote an article for The Wall Street Journal entitled “Reaganomics v Obamanomics,” which argued that the emerging outlines of President Obama’s economic policies were following in close detail exactly the opposite of President Reagan’s economic policies. As a result, I predicted that Obamanomics would have the opposite results of Reaganomics. That prediction seems to be on track.