Today's Real Clear Politics has an article on Barack Obama's economic policies. As usual, Mr. Krauthammer is right on the money on his analysis. According to the article:
""Our economy did not fall into decline overnight," he averred. Indeed, it all began before the housing crisis. What did we do wrong? We are paying for past sins in three principal areas: energy, health care, and education -- importing too much oil and not finding new sources of energy (as in the Arctic National Wildlife Refuge and the Outer Continental Shelf?), not reforming health care, and tolerating too many bad schools.
The "day of reckoning" has now arrived. And because "it is only by understanding how we arrived at this moment that we'll be able to lift ourselves out of this predicament," Obama has come to redeem us with his far-seeing program of universal, heavily nationalized health care; a cap-and-trade tax on energy; and a major federalization of education with universal access to college as the goal.
Amazing. As an explanation of our current economic difficulties, this is total fantasy. As a cure for rapidly growing joblessness, a massive destruction of wealth, a deepening worldwide recession, this is perhaps the greatest non sequitur ever foisted upon the American people."
If you still do not understand how we got into this mess, I strongly recommend the video at You Tube called "Burning Down The House". It is one of the most lucid explanations of the current economic crisis I have seen.
Mr. Krauthammer goes on the explain how the crisis is being used as an excuse to implement a radical increase in government spending, power, and control. The use of the current crisis as an excuse for socializing health care in dishonest to the core.
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