Jun 23, 2008

Obama's USA: The Next Argentina?

Why do we worry about Obama's economic policies? Because they won't work. We have seen them before.

We are not the only observers to have noticed the similarity. Mary Anastasia O'Grady has written this in today's Wall Street Journal:

As the presidential campaign drones on, Barack Obama and the Democrats are fleshing out the promise of "change" with some specific, big-government policy proposals. Many are familiar, perhaps because they already have been tried – in Argentina.

That country has gone from South American breadbasket to world-class basket case. For the long version of how it happened and why Americans might not want to try it, hop on a flight to Buenos Aires.

Read the rest of the article