State of the Union: Why You Should Fear America's "Sputnik Moment"

By Martin Hutchinson, Contributing Editor, Money Morning

In his State of the Union Address yesterday (Tuesday) evening, U.S. President Barack Obama said the United States is experiencing another "Sputnik moment."
For a free marketer like myself, that's deeply depressing rhetoric: It reflects the reality that President Obama believes that this crisis - like others that came before it - is best solved by still more government action.