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I found this great book:

http://www.nytimes.com/books/first/k/kerr-dogs.html

It is about modern Japan, but it tells a lot what we are going to see in USA if Obama's policies to stay.

To support the construction industry, the government annually pours hundreds of billions of dollars into civil-engineering projectsâ€"dams, seashore- and river-erosion control, flood control, road building, and the like. Dozens of government agencies owe their existence solely to thinking up new ways of sculpting the earth. Planned spending on public works for the decade 1995-2005 will come to an astronomical Â¥630 trillion (about $6.2 trillion), three to four times more than what the United States, with twenty times the land area and more than double the population, will spend on public construction in the same period. In this respect, Japan has become a huge social-welfare state, channeling hundreds of billions of dollars through public works to low-skilled workers every year.

Public works have mushroomed in Japan because they are so profitable to the people in charge. Bid-rigging and handouts are standard practices that feed hundreds of millions of dollars to the major political parties. A good percentage (traditionally about 1 to 3 percent of the budget of each public project) goes to the politicians who arrange it. In 1993, when Kanemaru Shin, a leader of the Construction Ministry supporters in the National Diet, was arrested during a series of bribery scandals, investigators found that he had garnered nearly $50 million in contributions from construction firms.

The secret behind the malaise of the Japanese economy in the 1990s is hidden in these numbers, for the millions of jobs supported by construction are not jobs created by real growth but "make work," paid for by government handouts. These are filled by people who could have been employed in services, software, and other advanced industries.
 

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Its not just Obama's policies, its every President since Johnson created the welfare state. We've been in a steady decline for decades. Politicians are too smart to just convert us overnight to socialism cause they know there will be an internal uprising like the world has never seen. But like the frog in the water pot, make small changes over time and the Frog will happily sit there and cook.
 
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