What the disclosures about scientific fraud on the part of the top global warming scientists was to the AGW enthusiasts and the Copenhagen conference, the bankruptcy of Greece -- soon to be followed by other European Union welfare states -- is to the Obama administration's domestic economic policy.
For more on the looming European catastrophe go: here, here, here, here, here, for starters. That roaring sound you hear is the waterfall toward which all welfare state societies are drifting on currents that are suddenly flowing ever more rapidly.
Meanwhile, for all its limitations, and by an order of magnitude, the free market has lifted more people from poverty to relative comfort to prosperity than any political or economic alternative in history. I say this, not as a free-marketeer, but because it is factually true, and it stands in stark contrast to the mindlessness of the current drift toward catastrophe. Greece is the morality play of the moment. It is in light of this that George Wills' remarks that I posted below (though dealing only with the U.S. political and economic situation) should be seen.