The ‘New Foundation’ collapses

“In April 2009, President Obama laid out his domestic agenda in a speech at Georgetown University. This was no ordinary chat; Obama envisioned nothing less than a reorientation of the American system. He sought to shift the economy from the rough and tumble cowboy capitalism of the past to a less risky, pricier, and perhaps slightly more comfortable European future. “We must lay a new foundation for growth and prosperity,” Obama said.

Less than a year later, this agenda is in shambles. The president’s “new foundation” is just another part of America’s crumbling infrastructure. Its pillars are strewn across the congressional landscape. Democrats are afraid to touch them—and for good reason. They are radioactive.”