It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe. Only government can break the vicious cycles that are crippling our economy—where a lack of spending leads to lost jobs which leads to even less spending; where an inability to lend and borrow stops growth and leads to even less credit.

“Only government” – this is the socialists’ mantra that we hear all too often these days. This time it is the American president-elect Obama speaking just a few days ago.

Good luck to all my Americans friends – you’re going to need it!