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Decades ago my father, the least cynical of men, quoted a political scientist who wrote that democracy will survive until people figure out that they can vote themselves money. That appears to be the point at which we have arrived. Put bluntly, the takers outnumber the makers. The polls in this election cycle diverged in a number of ways, but in one respect they were remarkably consistent: every poll I saw, including those that forecast an Obama victory, found that most people believed Mitt Romney would do a better job than Barack Obama on the economy. So with the economy the dominant issue in the campaign, why did that consensus not assure a Romney victory? Because a great many people live outside the real, competitive economy. Over 100 million receive means tested benefits from the federal government, many more from the states. And, of course, a great many more are public employees. To many millions of Americans, the economy is mostly an abstraction.

via The Meaning of Yesterday’s Defeat | Power Line.

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