President Obama has led America into an accelerating downward spiral. Destination: Argentina. Last Friday’s calamitous jobs report was just a signpost on the way.
Argentina enjoyed the world’s fourth highest per capita GDP in 1929, on par with the U.S. at the time. But then the nation lost its way through its embrace of a leftist, union allied government, which took control of the economy and imposed wildly irresponsible taxes, spending, deficits and debt. After World War II, the hugely popular Juan Peron came to power and institutionalized the madness. It has been all downhill for Argentina ever since. Sound familiar?
Read Full Article »