New World Order University Forum

In our previous posts on the California budget crisis, we pointed out that the Democratic model of spending cannot be sustained in California. Democratic governance is a failed model, and the only reason Obama can follow the same policies for the nation is because the Federal Reserve Bank finances the increasing deficits. The Fed keeps the economy afloat for a while, but the question is, for how long? And, at what ultimate price?

The Wall Street Journal has caught up with the failed Democratic model and offers an analysis of three failed state economies, New York, California, and New Jersey. This article offers different language and analysis in greater depth. We like the “three failed states” image as it has more power than our single-state analysis. Familiarize yourself with the features of the failed Democratic model and bludgeon any nearby liberal with the facts. We note that the Wall Street Journal favors flight over resistance for residents of liberal and highly unionized states. Fair enough.

Tags: California, failed state economies, New Jersey, New York

This entry was posted by Director on Wednesday, August 26th, 2009 at 5:20 pm and is filed under California politics, U.S. Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.