Tuesday, March 9, 2010

We're In Trouble! ....... AN AMERICAN SEES & SPEAKS

Conservative political pundit Jay Young's outlook on the economy: Uh Oh: We're In Trouble
Uh Oh: We're in Trouble
Posted by The Steadfast Patriot at 09:58 AM on June 10, 2009
Dear Main Street,

I have good news and bad news. The bad news is that the state of our nation is really bad. The good news? Things can't get much worse.

Unemployment is up to a 25-year all time high of 9.4%. The national debt is more than 11.4 trillion dollars. According to the latest Gallup poll, only a third of people are satisfied with the state of the nation, compared with two-thirds who aren't. The negative consumer mood is 56%, and the positive? Only 6%. And last Friday, the Labor Department reported that another 345,000 jobs were lost in May alone. All this despite the fact that the Obama administration signed the $787 billion stimulus bill nearly four months ago.

The economic outlook looks dim. If statistics have it their way, we aren't recovering any time soon. The Obama administration's answer to all these problems? More spending. Spend the money faster, Obama says. "Only government can break the vicious cycle."

In addition to the health of our economy, we have seen it's structure change drastically in the past four months of the Obama presidency, probably more than we have ever seen before. Our dynamic and diverse economy, once based on free market principles, is now more accurately a complex hybrid of capitalism and socialism, binded together by bureaucratic red tape. Contracts don't mean anything anymore. Just look at the Chrysler-Fiat deal in which the government intervened, possibly voiding the sale because it doesn't fit the new administration's agenda. Look at the government takeover of GM (now Government Motors). Laws are made not by the people's representatives in Congress, but in Obama's unelected czars, for which he has over twenty now, that report directly and solely to him. And companies don't have to worry about reforming; they'll just get a piece of the bailout pie.

You know, this never used to happen. It used to be, in a recession these fat cats would cut back, cut costs and wasteful spending, trim down and become a lean, mean fighting machine, usually by declaring bankruptcy. It used to be a process through which businesses could recover. The best made it through, and those who didn't meet the needs of consumers to satisfaction would liquidate. Now the government just bails companies out, so they don't have to go through bankruptcy, the free market process for business recovery. And so businesses don't change, they stick to their old ways and ditch reform. This isn't capitalism. It's madness.

Even California, the nation's liberal experiment, is in need of a bailout. They're so deep in debt that they could completely fail, so the federal government may have to bail them out. That way, taxpayers from the other 49 states can fund California so it doesn't have to make much needed budget cuts, and thus can continue their wasteful spending and liberal social programs. Yeah! But, what happens if the United States itself, the whole federal government, needs a bail out? Who will we go to then? China? Maybe. But if they wanted to acquire all our debt, they'd be buying the country. You better start learning Chinese. You may need it soon. Because the name "American People's Republic of China" just may not be Chinese enough for what is going to happen to us.

What's wrong with us these days? Why do we think China is becoming such a global power while we're slipping away in the crowd? Because they're fiscally responsible. They save what they have. We spend what we have, and then some, until we find ourselves up to our eye balls in debt that we will pass on to our children and grandchildren. Good luck with that, kids.

What ever happened to responsibility? Is it outdated? Out of style? I don't think so. I think the majority of Americans truly are responsible, and teach their kids responsibility. But it's our government that has gotten so out of hand. Are they to blame? Yes. But guess what? We voted for them.

If we want this country to survive, we better take steps to ensure self preservation. Get active in government. Attend the July 4th tea parties. And remember, in 2010 and 2012, vote 'No' to big government.

Jay Young
Steadast Patriot Director
www.SteadfastPatriot.com

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