Death of Obama's Postmodernist Dream

The National Review reports:

So the welfare state is discredited. In the past, we used to be warned that static population growth, vast public-sector employment, early and generous retirement benefits, and high taxes were not sustainable. In recent years, those lectures were caricatured as partisan or hypothetical. No longer. The Greek meltdown — with Ireland, Italy, Portugal, and Spain on the brink — has shown that European socialism does not work. Bankruptcy, not politics, is the final arbiter: Individuals, firms, and nations either buy particular bonds or they don’t. And a nation like Greece, in turn, either pays what it has borrowed or it doesn’t. All the op-eds in the New York Times cannot change that fact.

Al Gore will continue to channel from his Montecito hilltop the latest green consensus of the international academic community. But fairly or not, neither he nor it will be listened to all that much: He has made one too many millions off his hysteria, and professors have fudged one too many publicly funded studies. The result is that almost at once both have lost the people’s trust. A volcano, not hot weather, shut down European air travel. The Sierra Nevada is still buried under snow in late May. At least this year, a wet, cold state of California is not going to blow away, as Energy Secretary Chu warned not long ago.

You'll want to read the whole article. Twice.