Two weeks ago today, the Obama Nation was gloating. Sweeping victories in the general election, Democrats now control the White House and both houses of Congress. Well, it’s been two weeks, so that means it’s time for me to get out of my fetal position, stop throwing up, an assess what’s transpired since then.

In the last two weeks, there has been a steady stream of companies lined up at the Treasury Department’s door to obtain “equity stakes” from the American taxpayer. I admit that I was one of the first (and few) to defend Treasury Secretary Paulson’s and Federal Reserve Chairman Bernanke’s bailout/rescue/money grab in an effort to shore up a global economy on the verge of total economic collapse. This was, and is, an unpopular position, because the consensus was, and is, that stupid management decisions should not be compensated for by the American taxpayer.

My argument [...]