Saturday, June 27, 2009

Obamaism Has Failed in Three States

Friday's WSJ Review & Outlook piece "The Albany-Trenton-Sacramento Disease" provides excellent insight into Obama's socialism plans.

New York, New Jersey and California are on the brink of financial collapse. After drunken spending of the 90s, the social policies based on rubbish logic have come home to roost.

All three states have some of the highest government spending per resident, embrace the 'tax the rich' liberal mantra, are buried in stifling unions, and have some of the highest health care costs per person in the nation. Add to this some whacked out climate and social laws, and you have fiscal nightmare.

When government takes over for the private sector, a la Hugo Chavez (Venezuela), Rafael Correa (Ecuador), Evo Morales (Bolivia), Cristina Kirchner (Argentina), it embraces ineptitude, corruption, huge costs and poor results. What government has been forced to turn a profit?

These three progressive state governments are based on heavy taxation and massive public-employee unions, have experienced huge job losses, booming deficits and debt, wage stagnation, out-migration and laughing-stock legislatures. They have all failed at astonishing levels.

We have three examples of Obamaism. As the op-ed state, those that live in these state can move out of these joke-of-a-states, but when Obama implements this antigrowth model across the entire country, what real options do we have?

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