A 2nd Term Will Be Terminal
Peter Ferrara writes at American Spectator:
With a second term for Obama, the world-leading America we have known and hoped to leave to our children will be gone.
Last Friday's jobs report confirms that Obama is well on his way to transforming America into a third world country, with declining living standards and perpetual economic stagnation.
Argentina enjoyed the world's fourth highest per capita GDP in 1929, on par with America at the time.
But then the nation lost its way in embracing 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. Do you recognize the pattern?
