It is relevant because the economy is obviously not where it was 3-4 years ago. The bubble has burst, margins are getting squeezed all across the board and foot

It is relevant because the economy is obviously not where it was 3-4 years ago. The bubble has burst, margins are getting squeezed all across the board and footing the bill on ever-escalating government-induced initiatives is no longer as easily stomachable for many businesses. His exposition contains a lot of interesting facts and numbers. Just because he is not in the same political camp as you doesn't make his point any less valid.