As the media obsesses about Obama on the Leno show and Michelle's new White
House garden, the real story last week went virtually unnoticed. Namely, the Fed
announcement that it will be pumping another trillion bucks in to the economy.
That's one trillion dollars it will manufacture out of thin air.
Consider: What would happen if you maxed out your credit cards, borrowed to
pay your mortgage, spent all your savings, and then went out and got a new loan,
which you had no hope of repaying?
Ronald Reagan knew. He had the rare ability to recognize the obvious, being
the sole voice predicting that the former Soviet Union could not possibly
sustain its level of spending, and would collapse. It did. To the surprise of
all the 'experts'.
It doesn't take an expert to predict what will happen when individuals,
businesses, or countries spend beyond their means. Joe six-pack in flyover
country knows better than most politicians that there are no free lunches, that
actions have consequences.
Our elected officials remain blissfully unaware of these basic tenets.
Whether through economic ignorance or a political lock-step mentality, both
Republicans and Democrats not only continue the massive raid on our present and
future tax dollars, they continue to enact policies that make an economic
recovery virtually impossible.
While the media focuses the nation's attention on the faux brou haha of the
AIG bonuses, our elected officials lay plans to implement a costly cap and trade system
to address the new 'crisis' of
global warming. Heritage Foundation estimates this will add app $1,800
in energy costs to every American
Meanwhile, the popular 'soak the rich' class warfare has resulted in a
massive tax increase on those making over $250K. Obama blithely states that 'the
rich shouldn't mind paying their fair share'. Notice, it is now the government
that defines what is 'fair' and who is 'rich'.
Noticeable only by its
absence, is the historical fact that raising taxes in a recession is economic
suicide. Not one of our elected officials has pointed out the obvious and proven
fact that lowering taxes fuels the economy while, at the same time, replenishing
Instead, most of our elected officials have opted to
continue promoting class warfare as both an explanation and a solution to the
current economic mess.
Between 70% to 90% of our economy is fueled by and dependent on small
businesses, who routinely file taxes as 'sole proprietors'. Meaning, all their
receipts are figured into their gross income, automatically placing them in the
ranks of the 'rich'.
These are the people who are paying for the government's largess. These
entrepreneurs are the very ones who are being demonized, taxed to death and run
out of business. These guys are our neighbors. And we are now all complicit in
denying them the legitimate fruits of their labor. We are killing the golden
One of the rare political hold outs against the prevailing
tsunami, S.C. Gov. Mark Sanford, was twice rejected by the White House when he
humbly asked to use the 'stimulus' money to pay down S.C.'s debt.
Like Reagan, Gov. Sanford has been predicting for years what will happen if
the U.S. continues its present course: In virtually every public speech he
makes, he includes this timeline of nations, learned from 200 years of
1. From bondage to spiritual faith
2. From spiritual faith to great courage
3. From courage to liberty
4. From liberty to abundance
5. From abundance to complacency
6. From complacency to apathy
7. From apathy to dependence
8. From dependence back into bondage
Gov. Sanford's voice is being ignored. As are the voices of an awaking
populace, only now realizing that the new Messiah does not have the ability to
wave a magic wand and replace reality with a blissful utopian paradise.
Our enemies have realized this all along. And now that the U.S. is in
appeasement mode, cutting military spending,
and believing that the war on
terror can be ignored by redefining it, it is only a matter of time before some
Islamic fanatics take advantage of our weakened economic status and our new
priority of Kumbaya.
Alas, they may be too late. The Obama administration, with the help of
Republicans, has already inflicted more economic damage on this country than the
terrorists ever did. And the media has done more to destroy America's will to
fight than legions of suicide bombers ever could. Our enemies may now rejoice
that America appears to have been defeated from within. Allah Akbar.