Publisher's Note: One of the most significant things you can do to promote Liberty is to support our mission. Please make your gift to the 2024 Patriots' Day Campaign today. Thank you! —Mark Alexander, Publisher

October 22, 2010

Fools Rush in Where Europe Rushes Out

As of this writing, France is paralyzed. By the time you read this, it might be in flames.

In Britain, where politics is more polite but the problems are perhaps just as dire, the government is proposing budget cuts on a scale not seen for nearly a century.

As of this writing, France is paralyzed. By the time you read this, it might be in flames.

In Britain, where politics is more polite but the problems are perhaps just as dire, the government is proposing budget cuts on a scale not seen for nearly a century.

In Greece, well, the less said about Greece the better.

All of these countries – and many more – are going through painful retrenchments because they spent too much money, made too many promises and expected too little from their own citizens. The era of European austerity is upon us, because the Europeans – or at least those in charge – understand the mess they’ve made of their economies.

This should present a real problem for Barack Obama and the vast (though shrinking) chorus of experts, editorialists and activists who support his agenda. In broad terms, all of the policies Obama and the Democrats have pushed are the sorts of policies the British, the French and other Europeans had for years, even decades.

As far as I am aware, no one has asked President Obama a simple question: If your philosophy is so great, how come the countries that have embraced it for generations are so much poorer than us?

Nor have they asked: If guaranteed health care for everyone will make us so much more “competitive,” how come we’ve been doing so much better than our “competitors” who already have socialized medicine, high tax rates and lavish pensions?

Nor has the president been queried about the incongruity of saying his policies have laid a “new foundation” for economic growth and job creation when the countries he’s trying to emulate are trying to dismantle the very same foundations in order to survive.

If you want evidence for all this, you don’t need to look to Europe. You need only look to America. We’ve had the weakest recovery from a recession in memory. In Gerald Ford’s first year as president, the country rebounded at a rate of 6.2 percent. Under Reagan it was 7.7 percent. Even Clinton’s recovery rate was over 4 percent from 1993 to 1994 (and grew from there). Obama’s recovery has not only been anemic and sputtering at around 3 percent, it hasn’t made a dent in the unemployment rate because employers have no confidence that we’ll have reliable growth or that Obama isn’t waiting to bring the hammer down with more Euro-style policies and taxes.

Obama supporters will respond that he has, in fact, “created” jobs, but just not enough to climb out of the massive hole created by the financial crisis and former President Bush’s evil policies. The White House insists that it’s not remotely responsible for the 3.2 millions jobs (2.9 million in the private sector) that have disappeared on Obama’s watch, but is completely responsible for every single new job that has been created or “saved” since then.

Forget the “saved” part since that has always been so much Bidenesque frippery. (Though for the record, I drink scotch because it keeps away vampires and ensures the moon doesn’t catch fire. You can thank me later).

But consider this about the relatively few new net jobs the economy has created under Obama. As my National Review colleague Rich Lowry recently noted, half of all the new net jobs created in the United States (from August 2009 to August 2010) were created in Texas. According to White House logic, Obama must simply love Texas, since he’s the one creating all of those jobs. You have to wonder what he has against New York or California – you know, the states that actually share Obama’s economic vision and are descending into an economic abyss as we speak. Why reward low-tax, pro-growth Texas with all of these jobs?

The contrast with Europe is stunning. The streets there are clogging with protestors who desperately want to keep perks and pensions that are driving their countries into insolvency, while responsible leaders do everything they can to impose fiscal sanity before everything comes crashing down. In America, protestors (aka the Tea Parties) have taken to the streets to keep our irresponsible leaders from going in the same direction. In response, Obama says America’s irrational fear has made voters stupid.

But what’s irrational about saying that we shouldn’t be rushing into a condemned building everyone else in the developed world is rushing out of?

© 2010 Tribune Media Services, Inc.

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.