The
economy is scheduled to plunge off a cliff in January.
Back
in the first two years after the Progressive’s November Revolution of 2008, the
big government party enacted tax increases not scheduled to take place until
after the 2012 elections. They also passed Obamacare which carries within it
multiple tax increases, which are also scheduled to take affect after the 2012
election. Combine these with previous tax rollbacks scheduled to expire in
January 2013 and we are looking at the major economic crisis the progressives
have worked so hard to create so they can then work so hard to solve.
In
2010 the voters got a chance to let the central planners know what they thought
of what had been done with the power entrusted to them in 2008. However, with
only one house of Congress in Republican hands they were unable to reverse any
of the changes made in the first two years of the Obama administration, so come
January we hit the wall.
This
manufactured economic crisis will be used by the triumphant Progressives as
proof that capitalism doesn’t work. Then following their play book, since too
much government wrecked the economy we need more government to fix the economy.
They will tighten the already strangulating regulatory straight jacket. If
Obamacare is upheld and implemented, within a few years it will kill the private
insurance industry as company after company figures out it is cheaper to pay the
fines imposed than purchase the insurance required. The flight of paying
customers from the private insurance companies will force them into bankruptcy.
Remember even if they used deceptive language at the moment of passing the bill
President Obama, Nancy
Pelosi, and Harry
Reid were on the record many times saying what they were aiming at was a
single payer European type healthcare system. And we can all see how well
that is working out for the Europeans.
They
will also use the failure of the insurance industry as more proof that
capitalism doesn’t work.
As
President Obama travels around the country inciting
class warfare with his constant attacks on the millionaires
and billionaires which he tells us aren’t paying their fair share he
continues to accept
vast amounts of money from those same millionaires and billionaires. While his
administration imposes regulation after regulation that every day makes it
harder to start new businesses, maintain or expand small businesses he turns a
blind eye to the continued casino like atmosphere at the largest banks: the ones
that are too big to fail and which should be too big to bail.
The
largest bank in the country, J. P. Morgan Chase just lost another couple of
billions in risky credit derivatives that their own chairman says
were ill-conceived, poorly executed, and not managed very well. This is the
same bank that President Obama says is one the best run banks in America and the
same chairman who has visited the Whitehouse at least 18
times since 2009.. The Chairman of the Board Jamie Diamom, the one in
charge when all the poor execution was going on was just voted 23
million dollars in compensation while the stockholders take it in the
wallet.
Crony
capitalism, where the public takes the risk and bears the loss while the cronies
who contribute money to the politicians reap the benefits is alive and well.
Favored corporation such as GE whose chairman, Jeffrey R. Immelt serves on the
President’s Council on Jobs and Competitiveness makes billions in profit
and often pays nothing in
taxes. Personally I believe there should be no corporate taxes since they
are in reality double taxation but taxing some while exempting others is the
worst kind of Corporatism and the President merely uses this system to reward
donors and then turns around and attacks this pay-to-play system as an example
of the rich not paying their fair share.
There
is a con game going on. Straw men are being set up only to be knocked down.
Our fellow Americans who get their news from Jay Leno and the Daily Show have no
idea what is being done. They swallow the party line as belched out by the
Corporations Once Known as the Mainstream Media and troop to the polls to vote
for the same party their fathers and grandfathers voted for. But the major
parties today aren’t ideologically, organizationally, or in practice the same
parties America has known.
Neither
party stands for smaller government, individual freedom, and economic
opportunity. At one time they both stood for these fundamentally American
concepts. Operating like the twin heads of one bird of prey, both major parties
expand the government and add to the regulatory burden which is changing America
from the Land of the Free into a totalitarian morass that is stagnating its way
from the first world to the second world.
From
the beginning of the primary process it was obvious that Romney was the anointed
choice of the establishment Republicans and the media. Now that he has been all
but chosen it is time for the Democrats to scare up a third party somewhere
somehow. President Obama’s record of socialist accomplishments is so stunning
it has even aroused enough of the politically comatose to push him back to the
40+% of the electorate who would vote for a yellow dog before they would vote
for anyone except a Democrat. He has lost the independents and the undecided.
His only chance for victory is a third party, so there will be a third party
even if the Democrats have to invent it and pay for it themselves.
As
the big day, the day when we as voters will get a chance to reverse the November
Revolution of 2008, watch as a third party emerges, well-funded and well
prepared. This third party will say all the right things. They will come
across as conservative ideologically and economically. They will probably even
try to portray themselves as the organized expression of the thousands of
independent Tea Parties across the country.
No
third party has won a presidential election in America since 1860. The rules
have been rigged, and so many people vote instinctively for the party their
fathers voted for the odds of a third party winning are close to the odds of
winning the power ball.
If
the progressives win one more election they will cement in their transformation
of America from a land based on equal opportunity to a land of based on equal
outcome. Everyone gets the same thing except of course for those who divvy up
the swag. Those who divide what they take from the producers to give to the
non-producers always seem to end up with everything while everyone else gets
just enough to get by long enough to produce something else that can be
expropriated by an all-powerful central government.
The
Progressives who have taken control of America act as if all the money we earn
is theirs and the only debate is about how much they will let us keep. And they
constantly remind us that the government can’t afford to leave us with too much
money. If they did we wouldn’t be dependent on them.
Maybe
we should change the motto from E Pluribus
Unum to What’s Mine is Mine What’s Yours is Negotiable.
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