The fading American dream – George Will

March 24, 2010 05:51


America’s dynamism, and hence upward social mobility, will slow, as the economy becomes what the party of government wants it to be — increasingly dependent on government-created demand.

George Will via Washington Post:

A battle won, but a victory?

“And everybody praised the Duke,

Who this great fight did win.”

“But what good came of it at last?”

Quoth little Peterkin.

“Why that I cannot tell,” said he,

“But ’twas a famous victory”

— Robert Southey,

“The Battle of Blenheim”

Barack Obama hopes his famous health-care victory will mark him as a transformative president. History, however, may judge it to have been his missed opportunity to be one.

Health care will not be seriously revisited for at least a generation, so the system’s costliest defect — untaxed employer-provided insurance, which entangles a high-inflation commodity, health care, with the wage system — remains. Obama could not challenge this without adopting measures — e.g., tax credits for individuals, enabling them to shop for their own insurance — that empower individuals and therefore conflict with his party’s agenda of spreading dependency.

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