Greeks – even those fiercely opposed to Pasok from the left and right – are resigned to the fact that the country faces years of painful restructuring. The real question at issue is a) under whose control and b) in whose interest?
Those are the questions for Greece. But they apply to us as well. Greece is just farther along the failure trajectory.
Obama, to me, isn’t really a socialist. Well, he is, but that isn’t what drives his decisions. He is a cronyist acting on behalf of his cronies, financial supporters and voters. He is willing to accelerate our failure as long as his team does better than the others.
So, under Obama, and the DemocRATs, failing solar companies, General Electric, unions, public employees, will get larger slices of a shrinking pie.
It makes no economic sense. But economic value isn’t his standard.