After Stocks' Slump, Earnings in Focus - WSJ.com

THOUGHTS ON AN ECONOMIC TURNAROUND AND THE BATTLESHIP ANALOGY: After Stocks' Slump, Earnings in Focus - WSJ.com

I don't know if you happened to read the story (last week in the WSJ, I think) about the banker in Texas who was going to turn in his banking license?

The issue was clearly the regulatory environment and how gun-shy a bank had to be about lending to a small business.

If government regulatory bureaucrats make banks gun-shy of lending, then it would seem as though the chances of a small business start-up succeeding would be further reduced.

If one thinks of the economy as similar to a battleship, I always liked the old saying that it took a battleship 20 miles of ocean to turn around in.

As such, Obamanomics has been pushing the overall economy in a wrong direction for almost 3 years now. After 4 years, the turnaround will not likely be swift; and, if the anti-Democrats don't have sizable majorities, the Democrats likely have many delaying tactics that will prevent a turnaround.

After all, they are intent on the type of country where entitlement trumps opportunity or rewarding effort and accomplishment (see also today's article on the UK: The Barbarians inside Britain's Gates - http://professional.wsj.com/article/SB10001424053111903918104576504033881168802.html?mod=djemITP_h&mg=reno-secaucus-wsj)