"On your own economics"

Mark Steyn has done it again. Hands down, he is one of the right's best political and cultural writers out there. Here's a snippet from his latest, a devastating critique of Obama's so-called 'New Nationalism', Teddy Roosevelt-esque speech of last week. From National Review Online:

In what area of life are Americans now “on their own”? By 2008, Fannie and Freddie had a piece of over half the mortgages in this country; the “subprime” mortgage was an invention of government. America’s collective trillion dollars of college debt has been ramped up by government distortion of the student-loan market. Likewise, health care, where Americans labor under the misapprehension that they have a “private” system rather than one whose inflationary pressures and byzantine bureaucracy are both driven largely by remorseless incremental government annexation. Americans are ever less “on their own” in housing, education, health, and most other areas of life — and the present moribund slough is the direct consequence.