The Washington Examiner has a great editorial: United States of Argentina
Again, I'm not suggesting that the "Peronization" of the US is around the corner.
However, there is a lot of Peron in BO:
"What the United States government will do in the future may be in question, but we need not look far to find past examples of countries unwilling to get their finances in order.
Consider Argentina. In 1914, it was one of the wealthiest countries in the world, and its living standard exceeded that of Western Europe until the late 1950s.
Then President Juan Peron squandered his nation's prosperity by introducing a host of redistributionist economic and regulatory policies, nationalizing utilities and foreign investments, and pumping up the national debt.
What followed was three decades of political instability, growing dependency, and economic stagnation."
Like Peron, BO has become a very divisive figure, a man who promotes class warfare and envy.
Check out Shelby Steele's WSJ article:
"The old fashioned, big government liberalism that Mr. Obama uses to make himself history-making also alienates him in the center-right America of today.
It makes him the most divisive president in memory—a president who elicits narcissistic identification on the one hand and an enraged tea party movement on the other.
His health-care victory has renewed his narcissistic charge for the moment, but if he continues to be a 1965 liberal it will become more and more impossible for Americans to see themselves in him. "
Thankfully, the US of Argentina is probably way down the road. It will likely be stopped in November when the Republicans pick up enough seats to bring BO-mania back to earth.
However, there is a lot of Peron in BO and that's a scary thing!
P.S. It was the public sector unions that contributed to the wrecking of Argentina. Check out the growth of public sector employees under BO: