What Does the Election Mean for Entrepreneurs?
by Timothy Sandefur
One of my favorite blogs, The Entrepreneurial Mind, has some very interesting thoughts on last night's elections. Excerpt:
On the property rights front we had arguably the biggest single blow to small business owners: the Kelo decision from the Supreme Court that greatly expanded the government's power of eminent domain. While there was a strong initial backlash due to pubic outrage, the public has moved on to more pressing issues such as Sara Evans' sudden departure from Dancing with the Stars. We are already seeing the quiet back-tracking on many of the initial efforts that had been made to stem the impact of this ruling. While the party in power was not responsible for the Kelo decision, they did not do enough to counteract its potentially devastating consequences for small business owners and home owners across the county.