British Independence Day

British Independence Day

It’s to the the “back of the queue” for the U.K., if President Obama is to be believed. The Brits ignored him and other experts and decided they’d had enough of the bureaucrats in Brussels.

EU commissions regulate everything from the bend of bananas to the curvature of cucumbers.

British Independence Day

Gerard Baker discussed Brexit in a WSJ front page analysis, Britain Fires a Shot Heard Round the World. He compared it to the populist movement that gave the Republican Party The Donald as presumptive nominee for president of the United States.

Tea Party Nation, a leading umbrella group, congratulated the British on their “Independence Day” and said in a statement “the land that gave us Magna Carta decided they wanted freedom and not a socialist dictatorship.”

Megan McArdle in Bloomberg had this to say about global elites and populist movements:

In many ways, members of the global professional class have started to identify more with each other than they have with the fellow residents of their own countries. Witness the emotional meltdown many American journalists have been having over Brexit.

Journalists aren’t the only one’s melting down over Brexit. The Dow and the British Pound celebrated “the freedom from socialist dictatorship” by plunging 600 points and 11% respectively.

 






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