Listening to the President's State of the Union message last week was like a surreal visit to our own recent past: there were almost word for word all those interminable Gordon Brown Budgets that preached "fairness" while listing endless ways in which central government would intervene in every form of economic activity.
Later, in a television interview, Mr. Obama described his programme of using higher taxes on the wealthy to bankroll new government spending as "a recipe for a fair, sound approach to deficit reduction and rebuilding this country." To which we who come from the future can only shout, "No-o-o, go back! Don't come down this road!"
As we try desperately to extricate ourselves from the consequences of that philosophy, which sounds so eminently reasonable ("giving everybody a fair share": the President called it), we could tell America a thing or two-if it would only listen.
If his [Obama's] European credentials were up to date, he would know that this was precisely the social model that is causing the EU to implode, and whose hopeless contradictions the best economic minds on the Continent are attempting, unsuccessfully, to resolve.
He [Obama] wants to import the democratic socialism that Europe embraced after the war, which was for European cultural reasons, imbued with aristocratic paternalism and Marxist notions of bourgeois guilt. If democratic socialism was ever a solution to Europe's problems (and the present crisis is making that seem less and less likely), it is certainly not an answer t... Keep on reading...