The True Meaning of 'Historic Vote'

Now comes Barack Obama, standing at the head of a progressive Democratic Party, his right hand rising to say, "Mothers, don't let your babies grow up to be for-profit cowboys. It's time to spread the wealth around."

What this implies, undeniably, is that the United States would move away from running with the high GDP, high-growth nations rising today as economic and political powers and move over to retire with the low-growth economies we ... Full Story »

Posted by Chris Finnie

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Chris Finnie
3.6
by Chris Finnie - Oct. 30, 2008

A very well-written piece with a lot of facts and figures and some historical context. In it, the author tries to prove that an Obama, Reid, Pelosi government will permanently push the U.S. towards European-style socialism. Unfortunately, he undermines his own argument. First, Reagan did not start the U.S. on the road to being a superpower. That was already well under way by WWII. Second, since he cites historical swings in public policy, he's already demonstrated his claim that this one will be permanent is probably false. Still, I give him credit for avoiding the hysterical tone of some of the other similar pieces, and for providing facts to build his arguments--though he does leave out inconvenient ones that might challenge it, such as the fact that Germany, with a far more socialist bent in government spending, has had a higher growth rate than we do for a number of years.

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