I was going through the list of articles on the American Thinker website. This article caught my eye so I read it. It is pretty interesting and worth the read.
The current financial debacle in Europe and the near-bankrupt status of the United Sates have been brought about by an obsessive loyalty to statist doctrine and an inability to admit failure -- traits common to the left on both sides of the Atlantic. The current dilemma is the end-product of decades of uncontrolled spending and economic policies promoted not to benefit the people in the long term, but to maintain the power base of the dominant governing class. The path to insolvency taken by the countries of Europe and the United States has been on a parallel track.
Facts and reality matter little to the insufferable American left and are generally ignored if they do not support the left's contentions. At that point, "creative" interpretation or outright denial takes over. Economic statistics and discussions can often cause the eye of the average reader to glaze over or the listener to become confused by the terminology and incomprehensible numbers involved. The so-called progressives rely on their ability to obfuscate and to mobilize greed and envy in order to justify and maintain their deceptions.
However, the average person can and does understand that the standard of living has deteriorated over the past 15-plus years, well-paying jobs are impossible to find, and the country is in dire financial shape. But how and why did this come to pass? The fault lies at the feet of solely the left and its control of the Democratic Party, as well as its enablers in the Republican Party. The nation's Gross Domestic Product has been so ravaged by government's demands that it cannot sustain long-term economic growth and a concurrent increase in the standard of living for all Americans.
