Bad Policy, Winning Politics

A small headline in the second section of the Wall Street Journal last week told a bigger story than a lot of front-page banner headlines. It said, “U.S. Firms Add Jobs, but Mostly Overseas.”

Just as there is no free lunch, there is no free class warfare. Some people may be inspired by President Obama’s talk about making “the rich” pay their undefined “fair share” of taxes, or taking away corporations’ “tax breaks.” But talk is not always cheap. It can be very costly to those working people who are looking for jobs that the Obama administration’s anti-business policies are driving overseas.

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