Saturday, May 1, 2010

Obama's Ideal Model of Good Government is crumbling: the EU

The policies of President Obama and the Democratic Party are those of the left-wing parties of the Europe. Obama's Healthcare Plan was to be the Universal Healthcare coverage system of Great Britain. His ideas for new taxes are similar to those of France, Italy, and elsewhere. Tax the income, profits, and inheritance of the rich, impose a value-added tax, and tax carbon emissions. His fiscal policy of spending our way out of economic recession, massive debts, and expanded mandatory spending programs is almost identical to every European country, like Greece for example.

President Obama seems to think we should be more like Europe. The problem is this center-right country is comprised mostly of selfish, intolerant, knuckle-dragging rednecks that cling to their guns and religion. But after 2008, he and his liberal-socialist allies had a chance to change all that and transform this country into another European Union.

We can now see where that leads.

Greece is on the verge of defaulting on its bonds and declaring the equivalent of national bankruptcy. Portugal and Spain have had their credit ratings reduced this week. Nearly every European country has massive national debts, high unemployment, low economic growth, and powerful public labor unions that have all but paralyzed government attempts to solve the fiscal problems.

Sound familiar? It should, I could've easily been talking about California or Illinois.

The European Union is in decline economically and politically. Its influence in the world has been in steady decline for years, its economy has been stagnant, and its fiscal problems are finally about to erupt. Many experts speculate we may be witnessing the end of the Euro currency and a collapse of the European Union as a whole.

Well, its a global recession right? Not really. China, India, Brazil, and Indonesia are seeing positive growth. They have recovered. China projects growth this year at 8-9%. So as the United States and European Union continue to drown in debt and see growth of less than 1%, other countries are growing. We can safely conclude that the US and EU are seeing their massive lead in the world economy and world politics shrink rapidly.

So who should we look to? China? Brazil? Well maybe. These countries don't have a great deal in common though. They do have lower taxes on corporations, no massive entitlement programs, low debt, and business-friendly labor laws.

Meanwhile we are doing the opposite. More taxes on corporations, new entitlement programs, more debt, and stricter labor laws.

One can see the contrast within the United States as well. Should we be adopting the same policies as our own states of California and Illinois? That is what Obama and the Democrats seem to be doing. Who should we be following?

The answer: Texas, Oklahoma, and Alaska. Low tax burdens, business-friendly conditions, small deficits, no big entitlement programs, and they are seeing unemployment rates much lower than the national rate of 9.7%. They are actually growing while the rest of the country is stagnant.

The answer is right in front of us.

President Obama is following a failed model. The European Union is on the verge of collapse, the euro is about to vanish, and the continent will soon shatter into disarray and might shift back to its historic roots of nationalistic rivalries and arms races.

The United States needs to adopt a new model. And fast.

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