"That way madness lies...": Why Obama Wants America to become like Europe.

"That way madness lies...": Why Obama Wants America to become like Europe.

Barack Obama wants to make America more like socialistic Europe, where the governemt share of the economy is close to 50% in most EU countries. But America is yet Europe How do we know this? Just compare the unemployment rate in the Eurozone and in the US (see above chart).

Why would we want to emulate the failed European model? It is a disaster and has been for nearly 3 years running. European unemployment rose to 11.3% in July of 2011, a record post-Euro rate - the highest unemployment since 1990. European inflation in August increased from 2.4% to 2.6%, more than the expected 2.5% increase. The stagflated European misery index is now above that of the entire  rest of the world.

European economic confidence dropped more than forecast to a three-year low in August and German unemployment increased for a fifth month, with the euro-area economy continuing to shrink in Q3. “The whole euro zone is undergoing negative growth developments,” said Don Smith, a London-based economist at ICAP Plc. “The sense is that increasingly the euro-zone crisis is bearing down on countries in northern Europe and Germany in particular.”

And while the economy continues imploding, the ECB, like a true headless chicken, is scrambling to release one after another more and more meaningless rumor, which does nothing to restore credibility to the Goldman-headed money printing institution (which can't even do that without a German green light), and instead of attempting to halt the rise of inflation, or do anything about unemployment which month after month rises ever higher, is instead desperate to continue herding cats, and do everything to delay the inevitable exit of Greece, and soon thereafter many others, from the world's most artificial construct.

Europe is NOT where we should be heading as Americans.

So a pertinent question might be: Why does the American President want to follow the European economic and social model, which is so clearly failing? The answer is: ideology. Obama really is a through and through ideologue. He believes what he believes, reality be damned. He really is following the dreams of his father, Barack senior, who was willing to tax at a 100% rate, so that government could fully plan what was best for its citizens.

The great movie, "2016", by Dinesh D'Souza, sets forth in sober and clear fashion the genesis and history of Obama's ideologica fixation and obsession, which he has completely internalized and which he identifies with. Facts and economic realities be damned, and regardless in fact of anything outside himself. His life-long ideological socialistic big government grounding has given Obama a consummate conceit and megalomaniacal certaintly that his way is the right way, even after 4 years of ecomonic reality and failure. He is unimpressed by reality. That way madness lies.

France's Hollande is 3/4 of the way to Barack senior's 100% tax rate - Hollande will tax at 75%. That way madness lies, too.