United States of Argentina?

Jamie over at Living in Patagonia brought my attention to an opinion piece from The Washington Times entitled "The Peron Pattern." The article asserts that President Obama is leading the United States down a path toward socialism (and economic ruin), a choice that echoes the failed populist policies of Juan Perón in 1940s Argentina.

"The failure of Peronism should serve as a warning: Socialism and a sky-rocketing national debt can permanently impoverish even the wealthiest nations. America is not immune from the laws of economics. Prosperous republics - ancient Rome, the Italian city-states, Argentina - have seen their wealth squandered, never to recover...

"Most ominously, Mr. Obama is repeating the statist populism that didn't work in Argentina, and will not work in America. Professor Philip Jenkins wryly observes that the United States of America risks becoming "the United States of Argentina." He is right. Those who fail to learn from history are condemned to repeat it."
Some interesting political food for thought... Is America the next Argentina? Do you think President Obama's economic policies will lead us out of the doldrums or further down the slippery slope?

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