Manchurian Candidate' Starts War on Business: Kevin Hassett

Commentary by Kevin Hassett
March 9 (Bloomberg) -- Back in the 1960s, Lyndon Johnson gave us the War on Poverty. In the 1970s, Richard Nixon launched the War on Drugs. Now that we have seen President Barack Obama's first-year legislative agenda, we know what kind of a war he intends to wage.
It is no wonder that markets are imploding around us. Obama is giving us the War on Business.
Imagine that some hypothetical enemy state spent years preparing a "Manchurian Candidate" to destroy the U.S. economy once elected. What policies might that leader pursue?
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