SO IT’S TO BE four more years of George W. Bush, to the consternation of most of the chattering classes, but to the apparent glee of investors and traders. If Bush and his fans needed any frosting on the cake it came with soaring share prices last week, and Friday’s report that the economy had added 337,000 jobs in October.
These endorsements by the voters and the markets will take on added significance when it becomes clear that America’s voters may have reinstalled a social conservative in the White House, but they have also reelected a man with the most radical economic agenda of any president since Franklin D. Roosevelt created America’s welfare-regulatory state.
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