Mr. Obama does not want to waste this crisis....

Defending American capitalism these days is a thankless job. Reckless lending by American financiers produced a crisis that has pushed the world into its worst recession since the 1930s.
Tales of greed and fraud during the boom years abound.
Small wonder that although Americans still prefer their government neat and local, they are a little less hostile to federal activism these days. Such sentiments, last November, helped propel Barack Obama into the White House and his Democratic Party to bigger majorities in both houses of Congress. As Rahm Emanuel, the president’s chief of staff, says, Mr. Obama does not want to waste this crisis. He is using it to create a bigger role for government throughout the economy, from education and health care to banking and energy.
He, and Congress, risk overreaching. America has experienced a failure of finance, not of capitalism. Its broader economy remains an astonishing Petri dish of creative destruction.
Even in boom times, 15% of American jobs disappear each year. Their places are taken by new ones created by start-ups and expansions. This dynamism remains evident today, amid the most crushing economic conditions most businesses have encountered. As icons of consumer excess like Starbucks and Neiman Marcus stumble, purveyors of frugality like Burger King and Wal-Mart prosper. Americans are adept at finding opportunity in adversity.
The simple fact of the matter is this:
“Obama is the most eloquent con artist in history. No one can say that the air you breathe is dirty and tax it better than Obama. He is capable of more destruction than Mao, or any dictator in history. And the worst part? So many are so willing to believe him.”