Today, Spain’s socialist party suffered a humiliating loss in that country’s general elections. Voters finally turned against the socialists amid horrific economic conditions. The Socialist leader, Zapatero, inherited a thriving economy and managed to destroy it with liberal, socialist policies over the course of seven years.
From the CIA World Factbook:
Government efforts to boost the economy through stimulus spending, extended unemployment benefits, and loan guarantees did not prevent a sharp rise in the unemployment rate, which rose from a low of about 8% in 2007 to 20% in 2010.
The government budget deficit worsened from 3.8% of GDP in 2008 to about 9.7% of GDP in 2010, more than three times the euro-zone limit.
All of this sound eerily familiar? Yes, indeed the United States has a president who has made it his administration’s objective to look more like Europe. Let’s hope in November 2012, we, the people of this great union, also give a crushing blow to the Left.