Friday, April 9, 2010

Fouad Ajami: Afghanistan and the Decline of American Power - WSJ.com

Fouad Ajami: Afghanistan and the Decline of American Power - WSJ.com: "
It was interesting to see the emphasis of Obama on 'equality'.

As shown in the every place it's tried - 'equality' means regression down to an average; and, in economics, this doesn't support the lifestyle Americans really want.

Somehow Americans think the only difference between themselves and the Europeans is that everyone in Europe has the middle class lifestyle that the UAW used to be able to get for its members (or, the public employee unions got); and, that with a bigger role for government, everyone in the US would have this.

Where the funding for this will come from is immaterial. After all, the Treasury seems to be able to borrow with ease and all the Dems want is to tax the rich.

Then, they'll share the wealth and the rich will just have a little less. But, those who produce vs. consume know that the overall pie shrinks when work is less rewarded, savings is less rewarded, investment is less rewarded, risk-taking is less rewarded, etc.

Living in Europe, I'd tell Americans - the Obama lifestyle means your salary gets cut in half (take home) and all prices double.

But, the liberals don't like to believe it - so, best to hunker down for the malestrom on the horizon."

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