The American Thinker has a good read on the potential, and hopeful, collapse of Liberalism. Like Communism it will hopefully become less relevant. How ironic would it be that this could occur after the ultimate Liberal himself, Barack Obama, was elected not even a year ago?
Less than a year into his presidency, Barack Obama’s world grows bleaker. Liberalism’s world is bleaker. At home and abroad, liberalism, as advanced by the President, is failing. Are we witnessing the beginnings of another historic event, loosely comparable to the fall of communism twenty years ago? Now the fall of liberalism?
Remember, at the beginning of the 1980s, no one would have predicted that by the decade’s close the Berlin Wall would fall, communism would be discredited and the Soviet Union would be less than a couple of years away from dissolution.
Though no conservative worth his salt is surprised by liberalism’s shortcomings, the rapidity of its failure is surprising. More importantly, it’s alarming, for though the effects of liberalism’s failure are damaging to us at home, they may prove terrible to us abroad.
Step back to consider. What’s working for Mr. Obama and the Democrats?
Despite the Democrats’ interventions, an anemic economy promises nothing more than a tepid recovery, if that. Democrats are indebting the nation to the tune of trillions of dollars. The greenback has been debased. Serious inflation is coming, and that inflation will trigger another economic downturn, one that might be sharper and deeper than we’re now experiencing.
…The economic policies of Lyndon Johnson and Jimmy Carter were disasters, culminating in bitter years of stagflation. Rather than learning from those calamitous years, and from the subsequent Reagan years, when the damage was undone and the economy righted, liberals stubbornly insist on another go, as if their earlier failures were simply a matter of flawed execution.
Today, President Obama flirts with protectionism. He recently slapped sanctions on Chinese tires to appease union bosses. Free trade agreements with Colombia and other nations shamefully languish in Congress. Protectionism not only hurts consumers and producers, but could spark conflict abroad.
Evidently, currying favor with a key constituency — unions — is of greater importance to Mr. Obama than the economic and national security ramifications of protectionism. The Smoot-Hawley Act, which built the economic equivalent of the Berlin Wall around the American economy, is increasingly understood as the trigger for the Great Depression.
View the full article here.