This is the best explanation of the state of our economy I have read to date.
America's new culture war: Free enterprise vs. government control
By Arthur C. Brooks
The Washington Post
Sunday, May 23, 2010
America faces a new culture war.
This is not the culture war of the 1990s. It is not a fight over guns, gays or abortion. Those old battles have been eclipsed by a new struggle between two competing visions of the country's future. In one, America will continue to be an exceptional nation organized around the principles of free enterprise -- limited government, a reliance on entrepreneurship and rewards determined by market forces. In the other, America will move toward European-style statism grounded in expanding bureaucracies, a managed economy and large-scale income redistribution. These visions are not reconcilable. We must choose.
PLEASE click on the title and read the rest. It is worth it.
Note - statism did not start with our current administration. As much as I respect George W. Bush, he is a statist as well, and statism will ruin the prosperity we have enjoyed in our country.
---Katie
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