Rolling Back the Socialist Tide

The root of the matter is this: we have been ruled by men who live by illusions: the illusion that you can spend money you haven't earned without eventually going bankrupt or falling into the hands of your creditors; the illusion that real jobs can be conjured into existence by Government decree, like rabbits out of a hat; the illusion that there is some other way of creating wealth than hard work and satisfying your customers; the illusion that you can have freedom and enterprise without believing in free enterprise; the illusion that you can have an effective foreign policy without a strong defense force, and a peaceful and orderly society without absolute respect for the law. -- Margaret Thatcher

From a stunning good, though very long, article ("Rolling Back the Socialist Tide") documenting Britain's near fatal attempt at full socialism from 1945 to 1979. Obama is following almost the exact same recipe, using the same ingredients, that Britain attempted. Nor surprisingly, Obama seems to feel that the power of his charisma can suceed, despite attempting all of the same policies that pushed Britain into 3rd world status financially and required a bailout loan from the IMF.