Tuesday, November 09, 2010

A rebirth of the American Revolution?

Writing for Forbes, Charles W. Kadlec writes of a new American Revolution.

Does the Republican landslide signal a rebirth of the American Revolution?

Or is it evidence of a volatile, impatient, if not somewhat irrational electorate?

The first possibility is the most intriguing--and far-reaching. A rebirth of the American Revolution would signal a turn away from the statism of the progressive movement and an embrace of individual liberty as the cornerstone of American society. That would imply a shift in economic policies that could usher in an extended period of prosperity and above-average gains for equity markets.

In my view, the electorate has been anything but volatile. The American people consistently have been voting for politicians who promise less government and more liberty, and firing those who either break their promise or advocate more government and less individual freedom, with growing conviction ever since the landslide election of Ronald Reagan in 1980.
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