Obama will have to admit to Americans that some of his anti-business rhetoric was pure fiction. For instance, he will have to abandon the notion of a windfall profit tax because there is no such thing as a windfall profit.*
He will have to concede that the United States can't create wealth by increasing taxes on the wealthy and expropriating more of the gains investors earn from their investments. His plan to raise capital gains taxes, the first such tax increase since 1986, is a non-starter.
Obama will have to stop scapegoating Wall Street and tell Main Street the plain truth that home ownership is not a right or entitlement, it is a privilege - a reward for hard work, saving, and prudent financial management.
Now... the real work begins
It ain't gonna be easy to climb down from Mount Olympus...
