-- Other major economies would have to grow more for the global economy to prosper.Now we have Vice President Biden telling an audience of supporters "there's no possibility to restore 8 million jobs lost in the Great Recession."
-- Played down any differences in policy between the US and Europe regarding deficit reduction.
This pessimism is core to liberal policies. As the government takes a greater roll in controlling of our lives, the crippling nature of heavy taxes and entitlements make it harder for businesses to get established and to grow.
Entrepreneurs have a more difficult time raising capital. Investors affinity for modern risk is diminished.
What might work in China, will not work in America. As we become more European with our stifling policies, we end up becoming impotent.
Key faces of the Obama Administration are stating the true results of its socialistic policies: We can no longer lead; rather we will limp along excelling in mediocrity.