In Greece today riots are breaking out with three reported dead thus far. Millions of Greek workers are striking, led by Greece’s two major umbrella unions, one each from the private sector and the public sector. Stock markets around the world have tanked, the Euro is sinking and other European countries are facing a similar fate.
Is There a Silver Lining?
As President Obama continues to march our country toward cloning the European model, there is a warning to be gleaned from the Greek Tragedy unfolding in the news. They are giving us a gift of their experience. The European model doesn’t work. The Welfare state doesn’t work. There is not enough money that can be taxed from the citizenry to continue to expand the nanny state. At some point the bill comes due. That is happening now in Europe.
So here is an opportunity for President Obama to see into the future. If he doesn’t walk back from the brink of financial ruin he is leading us, what is being plastered on the TV screens in our living room will be his legacy. If he does not turn away, we must re-take control of Congress this fall and retire President Obama in 2012. He likes to talk of eight years of failed Bush policies, but he wants to replace them with thirteen years of failed Roosevelt policies. The difference is that some of the poor decisions that Bush made have a minor lasting impact compared with the enormous unpaid bill coming due from FDR’s policies.
It’s time to turn about, while we still have room to maneuver. The Greeks are relying on the Germans, the French and others in the EU. Who will we call to bail us out if we don’t stop this madness?
