George Will observes that the spectre of real world consequences is haunting Barack Obama and his democrat allies.
Concerning the job numbers from May, one can almost echo Henry James’s exclamation after examining letters pertaining to Lord Byron’s incest: “Nauseating perhaps, but how quite inexpressibly significant.” Except that the May numbers’ significance can be expressed: A theory is being nibbled to death by facts.
Private-sector job creation almost stopped in May.
The Progressive attempt to change America into a European-style Socialist Welfare State in the midst of an economic crisis has, it is increasingly becoming clear, prevented the recovery that should now be well underway, and deepened the misery.
Americans are experiencing hard times, wholesale bank and business failures, joblessness, and home foreclosures in a fashion not seen since the Great Depression.
All this coincides with state government bankruptcies and a European crisis caused by exactly the same policies. Governments everywhere are discovering the truth of Margaret Thatcher’s dictum that “the problem with Socialism is that, sooner or later, you run out of other people’s money.
Democrats are going to be annihilated in next November’s elections.