An interesting article in The Telegraph, it was posted on Drudge earlier today, talking about Obama’s economic policies and how they may prolong the recession. It also goes so far as to say that these policies could cause the United States to slide from a first world country to a third world country as Argentina did under Juan Peron.
While this is an interesting thesis, I continue to think and will argue that the U.S. market, and really the global market, is too diverse and would need a catastrophic shock to cause anything truly on the scale of the 1930′s or to send any first world countries to a third world status. But then again, maybe I’m also falling for the fallacy of “too big to fail”.
Moe Lane
PG DeFreese
Victoria Coates
Daniel Horowitz
Dan Spencer
Documentary on the events that led to the economic collapse of Argentina
izoneguy (Diary) Tuesday, September 8th at 9:23AM EST (link)Heh, interesting that people are bringing this up now…
Here on Redstate.com I detailed the collapse of Argentina and wrote that Obama would do the same thing here in America….
http://video.google.com/videoplay?docid=4353655982817317115#
Documentary on the events that led to the economic collapse of Argentina in 2001 which wiped out the middle class and raised the level of poverty to 57.5%. Central to the collapse was the implementation of neo-liberal policies which enabled the swindle of billions of dollars by foreign banks and corporations. Many of Argentina’s assets and resources were shamefully plundered. Its financial system was even used for money laundering by Citibank, Credit Suisse, and JP Morgan. The net result was massive wealth transfers and the impoverishment of society which culminated in many deaths due to oppression and malnutrition. If you want to stop the same thing from happening here, and it is happening here, right now, please join the revolution at the Kick Them All Out Projet http://www.KickThemAllOut.com and the Fire Congress Campaign.
The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.