Sunday, May 27, 2012

Inflection Point

On May 8 COTTonLINE blogged about "inflection points" in the context of of demographics. Now, in an interview with The Wall Street Journal's Peggy Noonan, Mitt Romney uses the term in the context of national policy.

One reason I like Romney is that we speak the same language. It isn't surprising since I spent the last 30 years teaching management and he spent the last 20 years practicing management. We've lived in different parts of the same occupational milieu. Here is what Mitt said about our current national inflection point:
There have been inflection points (emphasis added) in American history where the course of the nation has changed, where culture, industry, even military strategy have changed.
I think America is going to decide whether we will put ourself on a path toward Europe—whether we will become another nation dominated by government, where citizens are dependent on government for the things they want in life, where opportunity is sacrificed, where military strength is depleted to pay for government promises, where unemployment is chronically high and wage growth chronically low. That, in my view, is the course the president has put us upon."
If Barack Obama is re-elected, "it will be very difficult to get off that path. If I'm elected, I will usher in a period of economic vitality" that will leave the world "surprised.
That is thoughtful, I agree with Romney. If Obama is reelected the U.S. will still be a great place to call home, perhaps for a couple of decades. However, it will be on Europe's irreversible, self-indulgent path to long-term decline.

After two continent-wide terrible wars within 30 years, Europe's present sad path is understandable. It seems to them the only way to stop killing each other. We have no similar recent history in the U.S. and shouldn't adopt those policies.

Whether or not Romney can lead the U.S. in a different direction is less clear. At least electing Romney gives us a chance to try that different direction, a chance Obama doesn't even want to offer.