Not So Dire

While the world economy is undeniably bad, the deterioration is nothing that a little free market capitalism would not fix. Greece is imperiled precisely because of so much government intervention, with the Greek public sector becoming a cradle to grave socialist gravy train. At some point, the gravy simply has to run out. The Greek approach at governance should be instructive to the Obama administration on whom the lesson is lost as Obama seeks to grow already generous public sector benefits, salaries, and payrolls at the expense of citizens who remain outside the public sector while fostering an ever increasing dependency class who become locked on the dole of government aid. Thus the public sector and the welfare-dependent are pitted against the private sector in perpetuity with the productive bearing a parasitic burden until they too fall into dependency. Of course, none of this dislocation in America is necessary as the map to renewed prosperity is well known as the path taken back to a booming economy by both JFK and Reagan. It is to lower marginal tax rates, ease Federal taxes, and let the engine of prosperity- which has always been the free market- work. So long as US business is not strangled by taxes and regulation, our ingenuity and industry can get us out of the economic mess. Obama of course knows this and is deliberately doing the opposite to fulfill his promise of change, which to him has always been and remains the march toward the same kind of socialism that is felling Greece.