Coronavirus Is Not Even Close to America's Biggest Problem
The COVID-19 pandemic can be used to illustrate two problems that are both more destructive than the virus. The problems relate to how Americans view the role of government in their lives and to the belief that government money can always fix problems.
Let's look at the money issue first. The immediate reaction of our government to the virus threat was to spend massive amounts of money. The latest news is that politicians plan to "boost" the economy with nearly two trillion dollars in spending and loans. "The package is coming in at about 10% of GDP. It's very large," says Larry Kudlow. For a plan of this size to sound like a good idea, you need to ignore some important economic facts.
Our country has unbelievable levels of debt, and our debt is rising rapidly. The numbers are staggering. The debt clock shows U.S. debt at $23 trillion (nearly 110% of the GDP) and unfunded liabilities of $77 trillion. That's a conservative estimate. Boston University economist Laurence Kotlikoff, an expert on the national debt, says, "The true size of our fiscal problem is $222 trillion...20 times bigger than the official debt." He says, "The government has gone out of its way to run up a Ponzi scheme and keep evidence of that off the books by using language to make it appear that we have a small debt."
We are on the Titanic, headed for the debt iceberg. In brief moments of clear vision, we see the iceberg and know we must change course to avoid disaster. But a self-imposed fog allows us to pretend things are fine. Do not look away. Look directly at this problem. It's real. Things that are unsustainable cannot be sustained. Reality always bats last.
There is also an important moral dimension to new spending programs. The government has spent all of its income and much more, so we should think of new spending programs as simply more debt being piled onto our children and grandchildren. The required first sentence of any new spending bill should be, "Our current consumption is more important to us than any burden we will place on future generations, therefore let's place this much more debt on them."
It is immoral to ignore the burden of the deficit on future generations. We are digging a hole for them that they will never get out of. Government debt is a government claim on future incomes. It is an unpaid tax bill.
You can make the case that big deficit spending is warranted to protect current and future citizens in a time of war. Some level of spending is warranted in the fight against this virus. But look at the big picture of government expansion over the last several decades as the administrative state grew and the deficit exploded. Does it make you a caring person if you propose "free health care" for everyone, including illegal aliens? No, it makes you a dangerous fool.
In the socialist dream world, there will never be a day of reckoning for government debt. Stephanie Kelton, an economic adviser to Bernie Sanders, said, "If you control your own currency and you have bills that are coming due, it means you can always afford to pay the bills on time. You can never go broke; you can never be forced into bankruptcy."
Governments that have tried this approach have ended up with money that looks like this 50-trillion-dollar bill from Zimbabwe. It's real paper money. But this $50 trillion wouldn't buy much. In Venezuela, the inflation rate is around 53 million percent. That means everything costs more every day. And with socialist destruction of the economy, there are far fewer things to buy. This kind of money does help with the toilet paper shortage, though.
Governments can create money, but creating money does not create wealth. Wealth comes from productivity. Putting ink on small pieces of paper does not make wealth. You can visualize this fact quite easily. Imagine that our government officials keep businesses closed "to protect us from the virus," but they send everyone large checks every month. Our benevolent leaders made sure we had lots of money, so we are all taken care of, right?
Without productive people, the true engine of wealth, Atlas would shrug, and the world would fall into its natural state, which is poverty. Anything that destroys productivity also destroys prosperity. That is why socialism has never worked and never will. The socialist utopian delusion is that people like Bernie and Alexandria Ocasio-Cortez can manage taxing and spending in such a way that everything people really need will be free. Alarming numbers of young people have this delusion.
Unless you are new to this planet, or are blind to reality, you understand that government bureaucracies are an inefficient and expensive way to provide anything.
Politicians themselves don't have the ability to "provide" material things. They can only transfer money or borrow money. Said another way, they can take the productive accomplishments of one group and give them to another group, or they can borrow from our children to pay for current consumption. That's it. They buy votes in one of these two ways.
Let's now discuss how Americans view the role of government in their lives and see how it relates to the current crisis. When our nation was young, citizens accepted both the pleasures and the perils of liberty. They enjoyed the right to direct their own lives and accepted the resulting responsibilities. The government was small and far away. The explicit goal of the Founders was to keep it small because the sphere of liberty shrinks as the size of government grows. Self-reliance was considered an important virtue. Children may expect others to take care of them, but adults do not.
People in need were helped by their neighbors. Charity has always been a big part of the American spirit. The goal of charity was to restore people to self-reliance. The lesson in Aesop's fable "The Grasshopper and the Ants" was an integral part of American values. The story shows the wisdom of preparing to take care of yourself in hard times.
In 200 years, Americans have moved a long, long way from self-reliance toward government dependence. President Franklin Roosevelt did more to move the citizens in the direction of government dependency than any other president. Yet look at what he said in 1935, when everyone could see that Roosevelt's big spending programs were not ending the Great Depression. In his State of the Union speech, he said:
The burden on the Federal Government has grown with great rapidity[.] ... The lessons of history, confirmed by the evidence immediately before me, show conclusively that continued dependence upon [government] relief induces a spiritual disintegration fundamentally destructive to the national fiber. To dole our relief in this way is to administer a narcotic, a subtle destroyer of the human spirit. It is inimical to the dictates of a sound policy. It is in violation of the traditions of America[.] ... The Federal Government must and shall quit this business of relief.
Has the "national fiber" been "fundamentally destroyed"? Has self-reliance been replaced by acceptance of dependence? Ask Americans these questions: whose responsibility is it to take care of people when they are old? Whose responsibility is it to take care of children if the father doesn't care about doing it? Who should be responsible for educating children? Who should pay the bills when someone loses his job? I think a very small number of people would say family members or charities should take responsibility. These duties have been taken over by massive, inefficient government bureaucracies.
Early Americans expected the government to leave them alone. Many present-day Americans expect the government to take care of them.
The assumption that the government will take care of your needs is "a narcotic, a subtle destroyer of the human spirit." If you have the childlike attitude that someone (government) should take care of you, it changes how you prepare for future problems. This attitude is why 25% of Americans do not even have a savings account, and 40% say they would have trouble paying an unexpected expense of $400.
Americans are not prepared for trouble, and trouble is here. Americans are Aesop's grasshopper in winter. This will greatly magnify the economic crisis caused by the current shutdown of productive activity. If economic activity is smothered for too long, many businesses will not survive. "Helicopter money" dropped by the government will not fix this problem.
President Trump understands that America's productive engine needs to be switched on as soon as possible. That will help, but the debt explosion and the increasing dependence on government are much more dangerous to our Republic than the Wuhan virus.
BILLIONAIRES, BANKSTER BAILOUTS,
BRIBES AND WIDER OPEN BORDERS TO
KEEP WAGES DEPRESSED.
Why the rich favor the Democrats
Democrats: The Party of
Big Labor, Big Government...and Big Business
Vulture Investors Using Coronavirus Carnage to Wipe Out Small Business
2:52
Private equity firms are reportedly using the Chinese coronavirus pandemic as an opportunity to cheaply buy up businesses, which will have a crippling impact on America’s small business owners.
While small and medium-sized businesses struggle to stay afloat in the midst of the coronavirus crisis — awaiting aid from the federal government — reports indicate that private equity firms on Wall Street “have been waiting” for economic devastation to capitalize on those hardships.
CNBC reports:
The coronavirus pandemic is shutting down entire sectors of the economy and putting millions of Americans out of work, but one corner of Wall Street may find opportunity amid the carnage: private equity. [Emphasis added]The group, which includes investment giants Blackstone, Carlyle and KKR, has a record $1.5 trillion in cash ready to deploy and has been actively seeking deals across the struggling travel, entertainment and energy industries, according to a half-dozen investment bankers who declined to be identified to speak candidly about potential clients. [Emphasis added]“They have been waiting for this type of market dislocation,” the head of mergers at a major Wall Street firm told CNBC. “I don’t think they wanted something quite this bad, but they did want a pullback in valuation.” [Emphasis added]
Federal Trade Commission (FTC) Commissioner Rohit Chopra has blasted the predatory practices currently being used to further devastate American small businesses and monopolize economic power.
“Small business in America is facing extinction,” Chopra wrote on Twitter. “COVID19 has put them in peril. But it’s the predatory fallout that could wipe them out for good.”
“Small businesses shouldn’t go extinct,” Chopra wrote. “We need to preserve them by throwing them a lifeline to stay afloat and by policing against shameless shakedowns during our national emergency.”
Chopra detailed three impending “existential threats” to small business amid the coronavirus crisis, noting how multinational corporations like Amazon are using the pandemic to further devastate smaller and medium-sized sellers:
Chopra said “lawyers running lawsuit mills are suing small businesses to extract cash” and that small businesses are “now under siege,” suggesting immediate federal action to stop the predatory deals.
While restaurants, local retail shops, movie theaters, and other small to medium-sized American businesses have been forced to close their doors, Federal Reserve Bank of St. Louis President James Bullard has warned of a 30 percent unemployment rate during the year’s second quarter.
John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.
THE DEMOCRAT PARTY IS THE PARTY OF
BILLIONAIRES, BANKSTER BAILOUTS,
BRIBES AND WIDER OPEN BORDERS TO
KEEP WAGES DEPRESSED.
Is Globalism the New End of History?
At the beginning of the twentieth century, the traditional ruling class was replaced with technocratic governments. The old elite were interested only in perpetuating their power and managing the general affairs of the state. In contrast, the new managerial class was much more ruthless and methodical. Their ambition went farther than any tyranny of the past; they believed they had a quasi-divine mandate to reshape society in their image. The main purpose of their political activities was to find the optimal governing model that maximized their power and the ideology that legitimized it. Religious myths were replaced with an ideological narrative. As a direct consequence, the twentieth century has shown that in the absence of an absolute, divine reference, words can justify any atrocity.
A totalitarian ideology aims to impose a vision on society and transform the individual mindset to fit a collectivist pattern. All ideologies pretend they respond to a social necessity and that they are the end of history. Ideologies are a means of transferring morality from the divine to a human level, thus shifting the emphasis from truth to power. Fascism, National Socialism, and socialism left behind a trail of economic devastation, wars, and mass murder. The fascist economies were based on a corporatist model; big companies in Germany and Italy worked alongside the state to set a national economic policy. As economic depression set in, some of those companies were nationalized. Trade unions were replaced with an organization controlled by the ruling class. The spending on social welfare in fascist economies exceeded that of other European nations. In the United States, the New Deal enacted reconstruction programs through cooperation between big businesses and the government bureaucracy, under the wise guidance of the Federal Reserve. The centerpiece of the economic policy was the coerced government cartelization of industry based on corporatism. The progressive and fascist economic models were virtually indistinguishable.
Any rational person would have learned from the lessons of the past century, but not our so-called leaders. The growth of government has created a bureaucracy whose members, as in some feudal aristocracy, consider that their power is derived from their social status rather than the consensus of the governed. The entire progressive rule, from Prohibition to open borders, has been a sequence of escalating social engineering experiments. Permanent tinkering with the public education system has produced functional illiterates with the political worldview of Maoist guards. Another progressive experiment, the welfare state, is insolvent and is kept alive only by the economic tricks of the glorious Federal Reserve.
After the collapse of communism in 1989, the way was open for a progressive New World Order. The oligarchic bureaucracy of the Deep State, together with shadowy characters from former communist and third-world countries, became part of a criminal global organization with supranational managerial power. Ideologies competing with Progressivism had ended in enslavement, genocide, and war, so a new narrative was required. The dangerous myth of the end of history was revived; this time, the future will belong to liberal democracy.
The new narrative is globalism, which is supposed to be the ultimate ideology that will save the world. In reality, it is a mismatched combination of totalitarian ideologies; social movements; and the half-baked, pseudo-Marxist philosophical ideas of the Frankfurt school and Antonio Gramsci. Socialism has been replaced with the socialization of perceived injustices. Globalism considers nation-states as obsolete entities that are responsible for war and genocides. In the name of ill defined concepts like diversity and multiculturalism, the demographics of Western nation-states have been irreversibly altered.
This process has no legal or moral basis and is justified only by emotional propaganda. Instead of being set by negotiations, wages are now determined by an immigration policy dictated by politicians and CEOs rather than internal market demand. Under the pretext of fighting a permanent crisis, the fascist corporatist economic model has been revived. We have fallen down the rabbit hole to a place where the Mad Hatter is not just mad, but evil. We are in a permanent war with Islamic terror, white supremacism, drugs, viruses, and the climate. A mix of propaganda and psychological warfare has created the level of fear, chaos, and violence necessary for a radical transformation. From orange and yellow terror alerts to pandemics, the ruling class needs to keep the peons in a permanent state of fear. Never let a good crisis go to waste, and if no good crisis is available, manufacture one. To our rulers, God is dead, so the connection between morality and the rule of law that is essential to the good workings of a republic has been broken. The rule of law is gradually being replaced with the designed chaos and violence of social justice, while morality has become just a cover for "humanitarian" propaganda.
To the politically engaged citizen, it is important to understand that, because of demographic changes and public school indoctrination, representative democracy is becoming less and less effective. Even on the rare occasion when a president gets elected without first being selected, the best he can hope for is to slow down an irreversible process. Our society is becoming neo-feudal, consisting of the ruling class and their serfs, with the indigenous middle class gradually losing any political and economic influence. A narrative that grows into a state ideology is changing and altering everything, from entertainment to education, science, history, and politics. The ideological tone is increasingly strident and hysterical, with any attempt at moderation gone out the window; it is as if a doomsday cult has monopolized any form of communication. Capitalism is irredeemable, and climate change will end the world in ten years if we don't change our sinful consumerist ways or if a pandemic doesn't do it first. Any minor potential danger is amplified in the media. Propaganda is successful when millions of people believe in a narrative that is guaranteed to make their life miserable. We do not have a self-defense mechanism against this permanent aggression.
In a globalist world, the distinction between a foreign lobby and the politicians being lobbied becomes blurred. China, Iran, and Saudi Arabia have a growing influence on our power structure, and they can sway important decisions that affect our national security. The media are controlled by a few conglomerates, which in turn are controlled by a handful of shareholders, some of whom live in foreign countries.
The worst is yet to come. In the twentieth century, the demented dream of reshaping the world according to ideological principles led to the death of tens of millions of people. That same dream has now been revived by the globalist Mafia on an even larger scale. In a world that is increasingly violent, dysfunctional, and fragmented, chaos engulfs everything. The fabric of society is being torn apart, and there is no natural cohesive factor to oppose it. As the decision-making process becomes more centralized, rulers look increasingly like monkeys pulling levers at random. In the end, they just give up any attempt at running society rationally and institute the total control of ignorant goons. They are the apprentice sorcerers that lost control of their own experiments.
Peter Dempsey is a writer of political essays. Follow him at http://www.peterdempseybooks.com.
Why the rich favor the Democrats
There's little doubt that
today's Democrat Party is the party of the rich. Actually, that's an
understatement. Far more than billionaires are involved. A better
expression of reality would be to say a fundamental core of Democrat coalition
is the managerial class, also known as the elite. These are the
people who run the media, Hollywood and the entertainment industry, the big
corporations, the universities and schools, the investment banks, and Wall
Street. They populate the upper levels of government
bureaucracies. These are the East and West Coasters.
The alliance of the
affluent with the Democrat Party can be seen in the widely disproportionate
share of hefty political donations from the well-to-do going to Democrats and a
bevy of left-wing causes. It's also why forty-one out of the fifty
wealthiest congressional districts are represented by Democrats.
BLOG: DEMS LOVE SOCIALISM
FOR ILLEGALS TO KEEP THEM COMING AND BREEDING ANCHOR BABIES FOR WELFARE AND
SOCIALISM FOR BANKS. TRILLIONS OF DOLLARS OF IT!
Bernie Sanders is
an exception. But he's an anomaly viewed as dangerous to the party,
which is why he's being crushed by the Democrat establishment.
Why do the wealthy align
with the Democrats? The answer may seem counter-intuitive, but it is
really quite simple. It's surely not ideals or high-minded
principles. Nor is it ignorance. Rather, it boils down to
raw self-interest.
In his book, The Age of
Entitlement: America Since the Sixties, Christopher Caldwell notes
that rich Americans think themselves to be as vulnerable as
blacks. They are a relatively small minority of the
population. They fear being resented for their wealth and power and
of having much of that taken from them. Accordingly, the wealthy
seek to protect what is theirs by preventing strong majorities from forming by
using the divide and conquer principle.
As R.R. Reno writes when reviewing
Caldwell's book: "Therefore, the richest and most
powerful people in America have strong incentives
to support an anti-majoritarian political system." He goes
on: "Wealthy individuals shovel donations into elite institutions that
incubate identity politics, which further fragments the nation and prevents the
formation of majorities."
Some of the rotten
fruit of the wealthy taking this approach include multiculturalism,
massive immigration of diverse people, resistance to encouraging
assimilation, racial strife, trying to turn white males into pariahs,
and the promotion of gender confusion. Through it all, society
is bombarded with the Orwellian mantra that "diversity is
strength," as if repeating it often enough can make it so. It
is also why patriotism and a common American culture are so disparaged
today. Those from the upper strata of society project the idea that
if you're a flag-waving American, you must be some kind of retrograde
mouth-breathing yokel.
The wealthy as a groups
are content to dissolve the glue that holds the U.S. together. And
it is all done to enhance and preserve their power, wealth, and influence. This
is why they so hate Donald Trump. He strives to unite people
and the country, although you'd never know that that is what the president is
doing if you live in the media bubble. Trump's MAGA agenda
is an anathema to the managerial class.
To quote Reno one final
time:
The next decade will not
be easy. But it will not be about what preoccupied us in the
sixties, and which Caldwell describes so well. Rather than the
perils of discrimination we are increasingly concerned with the problem of
disintegration — or in Charles Murray's terms, the problem of "coming
apart."
Trump and the GOP he is
molding are the vehicles to restore and strengthen national
solidarity. Trump said at the Daytona 500,
"No matter who wins, what matters most is God, family, and
country." That is not the Democrat agenda. As
seen in Democrat politicians, their policies, and the behavior of their major
contributors, the aim is to further weaken the social and national bonds in
America. There is a lot at stake here. If solidarity
wins, the Republic can survive and prosper. If the Democrats
and their wealthy cohorts do, then the middle class withers, the Republic
dies, and the rich and their managerial class get to rule the
roost. That is what it comes down to.
ALL BILLIONAIRES ARE DEMOCRATS. ALL BILLIONAIRES WANT WIDER OPEN
BORDERS, AMNESTY AND HELL NO TO E-VERIFY!
In addition, establishment Republicans are no better than
Democrats at stemming the flow of illegal immigration because big
businesses reap the benefits of this cheap labor without incurring any of the
social costs.
Democrats: The Party of
Big Labor, Big Government...and Big Business
There is a widespread perception that the
Democrat Party is the party the working class and the Republican Party is the party
of big business. Even though Republicans on average received
slightly more from corporate employees prior to 2002, the overall difference
between both parties from 1990 to 2020 is statistically insignificant (Table
1). In fact,
Democrat reliance on big labor gradually shifted toward big business following
the involvement of solidly Democrat corporate giants in 2002, and from 2014 to
2020, Democrats consistently surpassed Republicans in corporate donations
(Tables 1 & 2).
Based on data compiled by Open Secrets,
Soros Fund Management, Fahr LLC (Tom Steyer), and Bloomberg LP ranked among the
top ten for political contributions that gave over 90% to
Democrats. In sharp contrast, the right-leaning Koch Industries made
the top ten only in 2014. In nearly all other years, Koch ranked
well below the top twenty.
Whether or not this trend is long-term,
there is no denying that large corporations on average no longer lean
right. But what does it mean to be "the party of big
business"? Donations are not definitive evidence. What
ultimately matters is what politicians do once they get elected.
Many liberals believe that big government
is needed to "rein in" big business and that in the absence of
federal intervention, corporations will "run roughshod" over the average
American. Many liberals also believe that corporations are the main
beneficiaries of laissez-faire economics and that free-market conservatives who
want to scale back regulations are somehow "in the pocket" of big
business.
In reality, the opposite is true: big
business and big government
go hand in hand because government
meddling in the economy
for the lobbyists. This crony
capitalism grew exponentially as
during the 1930s. Establishment
politicians and well
connected corporations are
beneficiaries of the myth that big
government and big business are adversaries
because it hides
their unholy alliance.
In all fairness, neither party has had a
monopoly on the dispensation of corporate welfare: the TARP funds that propped
up financial institutions deemed "too big to fail" during the Great
Recession were released by the Bush administration. In addition, establishment Republicans are
no better than Democrats at stemming the flow of illegal immigration because
big businesses reap the benefits of this cheap labor without incurring any of the
social costs.
If both parties are playing this game,
what is the basis for labeling the Democrat party "the party of big
business"? What policies from Republicans support small
business?
Free-market conservatism benefits small
businesses because the government does not pick the winners and losers by means
of subsidies, tax breaks, and cumbersome regulations. You will not
see policies like these coming from Washington in a major way because proposals
for shrinking the federal government rarely see the light of day in Congress.
Based on data collected by Gallup and
Thumbtack, red states far outscore blue states in small business friendliness
(Table 3). This may be why less affluent Americans are fleeing
states that score abysmally like California, Illinois, New York, and Hawaii. This might also be why small business–owners are more
likely to vote Republican.
The Trump administration has been good for
businesses of all sizes mainly due to the unprecedented rate at which it scaled
back stifling regulations. This may be why some of the president's highest approval ratings now come from small businesses.
Donald Trump set himself apart from the
ruling class when he latched onto the third-rail issue of illegal immigration
and called out the corporate darling Jeb Bush (AKA "Low Energy Jeb") for his
lack of grassroots support. This may explain in part why Bain
Capital, the firm co-founded by Mitt Romney, switched teams and
contributed solidly Democrat in 2018. In 2012, Democrats accused
Bain Capital of destroying jobs by systematically dismantling the companies it
bought off. Times have changed...
Small businesses generate well over half
of all new jobs. Most importantly, many are family-owned, have strong
ties to their communities, and provide upward mobility for millions of
Americans who never attended college. The Democrats' undermining of
this quintessentially American institution is shameful and disqualifies it as
the "party of the working class." Contributions from big
labor do not count toward "labor-friendliness" because mega-unions
care more about recruitment than about the welfare of working
Americans. This is
why the SEIU supports blanket amnesty for illegal aliens.
Democrats fed up with the corporate status
quo are now choosing their own anti-establishment candidate, not realizing that
socialism is just a more impoverished version of the crony capitalism they are
rejecting. Many Sanders-supporters are also morally shallow because
they want to harness the power of the state to muscle in on the wealth of
Americans who borrowed responsibly and worked hard to pay their bills.
After the Constitutional Convention, Benjamin Franklin said,
"This Constitution ... is likely to be well administered for a course of
years, and can only end in despotism ... when the people shall become so
corrupted as to need despotic government." If Democrats
implement the dystopian policies of California on a national level, their
corporate allies will do fine. It is small business–owners and
working-class Americans with nowhere to flee who have the most to lose. Be
careful what you wish for.
To view the tables below, click the links.
*The red lettering highlights a funding
advantage for Republicans. The blue lettering highlights a funding
disadvantage for Republicans.
**Based on a T-test, the difference is
insignificant at P = 0.46
Table 2: Top ten contributors to Democrats and Republicans by category
(union, corporate, and ideological) as compiled by Open Secrets:
*In 2008 Goldman Sachs donated 74% to
Democrats. All other groups in this column donated between 40 and
69% to both parties. This column does not differentiate between
giving equally to both parties and giving 70–79% to Democrats or Republicans.
**This number includes the "City of
New York." Although it is officially listed as
"other" by Open Secrets (not corporate, union, or ideological), I was
personally informed by someone from the organization that Michael Bloomberg was
the main source of this funding.
Table 3: Small business scores states scored by Thumbtack ranked
according to their Democratic advantage by Gallup:
*GPA scores are based on the following
numerical equivalents: A = 4, B = 3, C = 2, D = 1, F = 0, A+ = 4.3, A- = 3.7,
etc.
** Not scored.
***Mean GPA ± standard error. Based on a
T-test, the difference is significant at P = 0.00001.
THE OBAMA –
BIDEN BANKSTERS CON JOB STARTED BEFORE HIS FIRST DAY IN OFFICE!
GET THIS
BOOK!
Obamanomics:
How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends,
Corporate Lobbyists, and Union Bosses
BY TIMOTHY P
CARNEY
Editorial
Reviews
Obama Is
Making You Poorer—But Who’s Getting Rich?
Goldman Sachs, GE, Pfizer, the United Auto Workers—the same
“special interests” Barack Obama was supposed to chase from the temple—are
profiting handsomely from Obama’s Big Government policies that crush taxpayers,
small businesses, and consumers. In Obamanomics, investigative reporter Timothy
P. Carney digs up the dirt the mainstream media ignores and the White House wishes
you wouldn’t see. Rather than Hope and Change, Obama is delivering corporate
socialism to America, all while claiming he’s battling corporate America. It’s
corporate welfare and regulatory robbery—it’s Obamanomics.
Congressman Ron Paul says, “Every libertarian and free-market
conservative needs to read Obamanomics.” And Johan Goldberg, columnist and
bestselling author says, “Obamanomics is conservative muckraking at its best
and an indispensable field guide to the Obama years.”
If you’ve wondered what’s happening to America, as the
federal government swallows up the financial sector, the auto industry, and
healthcare, and enacts deficit exploding “stimulus packages,” this book makes
it all clear—it’s a big scam. Ultimately, Obamanomics boils down to this: every
time government gets bigger, somebody’s getting rich, and those somebodies are
friends of Barack. This book names the names—and it will make your blood boil.
Investigative reporter Timothy P. Carney digs up the dirt the
mainstream media ignores and the White House wishes you wouldn’t see. Rather
than Hope and Change, Obama is delivering corporate socialism to America, all
while claiming he’s battling corporate America. It’s corporate welfare and
regulatory robbery—it’s Obamanomics. In this explosive book, Carney reveals:
* The Great
Health Care Scam—Obama’s backroom deals with drug companies spell corporate
profits and more government control
* The Global
Warming Hoax—Obama has bought off industries with a pork-filled bill that will
drain your wallet for Al Gore’s agenda
* Obama and
Wall Street—“Change” means more bailouts and a heavy Goldman Sachs presence in
the West Wing (including Rahm Emanuel)
*
Stimulating K Street—The largest spending bill in history gave pork to the well-connected
and created a feeding frenzy for lobbyists
* How the
GOP needs to change its tune—drastically—to battle Obamanomics
Praise
for Obamanomics
“The notion that ‘big business’ is on the side of the free
market is one of progressivism’s most valuable myths. It allows them to
demonize corporations by day and get in bed with them by night. Obamanomics is
conservative muckraking at its best. It reveals how President Obama is
exploiting the big business mythology to undermine the free market and stick it
to entrepreneurs, taxpayers, and consumers. It’s an indispensable field guide
to the Obama years.”
—Jonha Goldberg, LA Times columnist and best-selling author
“‘Every time government gets bigger, somebody’s getting
rich.’ With this astute observation, Tim Carney begins his task of laying bare
the Obama administration’s corporatist governing strategy, hidden behind the
president’s populist veneer. This meticulously researched book is a must-read
for anyone who wants to understand how Washington really works.”
—David Freddoso, best-selling author of The Case Against
Barack Obama
“Every libertarian and free-market conservative who still
believes that large corporations are trusted allies in the battle for economic
liberty needs to read this book, as does every well-meaning liberal who
believes that expansions of the welfare-regulatory state are done to benefit
the common people.”
—Congressman Ron Paul
“It’s understandable for critics to condemn President Obama
for his ‘socialism.’ But as Tim Carney shows, the real situation is at once
more subtle and more sinister. Obamanomics favors big business while
disproportionately punishing everyone else. So-called progressives are too
clueless to notice, as usual, which is why we have Tim Carney and this book.”
—Thomas E. Woods, Jr., best-selling author of Meltdown and
The Politically Incorrect Guide™ to American History
*
• Hardcover: 256 pages
• Publisher: Regnery Press (November 30,
2009)
• Language: English
• ISBN-10: 1596986123
• ISBN-13: 978-1596986121
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