Basically right now we’re running up a debt that is so high as a percentage of our gross national product that we couldn’t even get into the European union.(via Protein Wisdom)
Basically right now we’re running up a debt that is so high as a percentage of our gross national product that we couldn’t even get into the European union.(via Protein Wisdom)
3 comments:
Now that is scary. The Europeans understand Obama's economic plan. They have been there, tried it and are trying to dump it.
With the deficit figures released this morning, it now appears that interest rates are headed sharply upward. With it goes inflation which will kill off any jobs recovery.
Conservatives will have a willing audience come 2010, but things will probably get a lot worse between now and then.
Still, conservatives have reasons for optimism. For a top ten list of things that conservatives should have hope in, you can hit:
http://firstconservative.com/blog/top-ten/conservative-resurgence
National Review ran a recent article describing how it is Sarkozy and Merkel who voted down Obama's proposals to the EU. Because we have grown used to thinking of Western Europe as having more redistributive economies for the last decades, we overlook that they have not been becoming more socialist in the last 10-15. More bureaucratic, yes, because that is inexorable. But not more economically leftist. They are drifting back rightward, even the Swedes, and Obama's ideas are to the left of theirs.
MAS & AVI:
Agreed. Obama's economic plan is the most leftist this country's ever seen.
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