A Second Term Will Be Terminal: Another four years and Argentina will be crying for us

The American Spectator ^ | July 12, 2012 | Peter Ferrara

[2ndDivisionVet]

With a second term for Obama, the world-leading America we have known and hoped to leave to our children will be gone. Last Friday's jobs report confirms that Obama is well on his way to transforming America into a third world country, with declining living standards and perpetual economic stagnation.

Argentina enjoyed the world's fourth highest per capita GDP in 1929, on par with America at the time. But then the nation lost its way in embracing a leftist, union allied government, which took control of the economy and imposed wildly irresponsible taxes, spending, deficits, and debt. After World War II, the hugely popular Juan Peron came to power and institutionalized the madness. It has been all downhill for Argentina ever since. Do you recognize the pattern?

Today, Argentina ranks 53rd in the world in per capita GDP, according to the International Monetary Fund, 57th in the CIA World Factbook, at a level less than one third that of America. But its national debt at 51% of GDP is actually less than that of the United States under the Obama administration, where we are rocketing towards 100% of GDP by the end of this year, and 200% in 25 years, according to CBO.

The Worst Economic Recovery Since the Great Depression: Confirmed

Last Friday's jobs report indicated the most commonly cited U3 unemployment rate remains stuck at 8.2%. That makes 41 straight months of unemployment over 8%, which the Joint Economic Committee of Congress confirms is the worst recovery from a recession since the Great Depression almost 75 years ago. The total number of Americans unemployed actually rose over the last 3 months by 76,000, 54 months after the recession started, and 3 years after it was supposedly over...

[2ndDivisionVet]

Three page article.

[unkus]

ping

[Praxeologue]

The 4th line of the 10th paragraph should read “Obama’s presidency”, not “Bush’s presidency”. Proof-reading should have included cutting the length in half and organizing the meandering facts.

[piytar]

Obama administration, where we are rocketing towards 100% of GDP by the end of this year

No nation that has crossed this line has survived two generations. Ever. We may be the first IF we leverage our energy resources, and soon. But under obama, that won't happen.

IOW, I agree with the article's premise: 4 more years of obama will be terminal for this nation. BTW, freeloaders and the LSM, you'll be the first ones put up against a wall and shot if you get your way. There's the hope and change you're voting for by supporting obama, you historically ignorant pukes.

PS By "shot," I mean literally shot. As in killed. I'd be OK with that, except a lot of good people will be shot or virtually enslaved, too.

[Flotsam_Jetsome]

The 4th line of the 10th paragraph should read “Obama’s presidency”, not “Bush’s presidency”. Proof-reading should have included cutting the length in half and organizing the meandering facts.

From the last paragraph on Page-2:

"Obama says we tried the Bush tax cuts for "the rich" and they didn't work. So let's review how exactly they did work out. Bush cut the top income tax rate by 11.6%, from 39.6% to 35%,. ."

Should have been 1.6% there.

That said, the length didn't really bother me. I found the article quite enlightening.

Thanks for posting, 2ndDV

[USS Alaska]

I know that most polls are BS, but given that, I’m amazed that anyone, other than racist blacks, and welfare dependents can still vote for this halfrican, communist, mooselimb, prick.

[Truth29]

I believe they derived the 11.6% by dividing 4.6% by 39.6% to show the percentage of the reduction.

[P.O.E.]

But seriously, folks, we've let the talkers talk us out of our money for decades. So much so that the idea of actually "doing" (i.e., work, savings, etc.) has been so beat down it's becoming a lost art, for at least two reasons:

1.)In war, one must demonize the enemy. Same in politics, the left has been demonizing capitalism in order to gin up its troops and demoralize the right.

2.)Equalizing outcomes (welfare, affirmative action, PC-ism, whatever) results in decreasing effort. People's natural competitiveness turns perversely into seeing who can do the least.

/soapbox

[Flotsam_Jetsome]

Thanks for the fresh set of eyes. I'll admit that much of the numerical minutiae makes mine glaze over, my understanding of the subject's importance notwithstanding.

[Yardstick]

Lol at the graphic, and good points.

[Freedom_Is_Not_Free]

This is why the crisis at Free Republic is significant.

Like the author of the article, I fundamentally believe US Republican government cannot survive another 4 years of Obama’s converting us into a hard socialist state. I feel that the battle we need to fight is getting rid of Obama so we can save our Republican political structure and not continue to pollute all of our federal government regulatory agencies with hardline communists.

This is in stark contrast to those who think Romney is the greater threat, and that he must be kept out of the presidency at all cost, even to the point of allowing Obama another term. These people think that saving the GOP by sending them a message not to shove RINOs down our throat, is a greater need in 2012 than dethroning Obama.

If Obama is able to finish planting the seeds of socialist totalitarianism in his next term, than what do we gain by trying to train the GOP not to shove RINOs down our throat. It won’t matter anymore.

This is the election of our lives. We can’t survive another Obama term, yet we have a parade of Freepers who still feel Romney is the greater threat.

Unbelievable.

[GlockThe Vote]

At the risk of being banned - those people are nuts.

Romney stinks, WE GET IT!!!

But Obama is a lethal threat to the survival of this nation.

2016 won’t matter with what is going to occur if this monster is reelected.

[OneWingedShark]

But Obama is a lethal threat to the survival of this nation.

I believe that Romney too is a lethal threat to the nation. If Obama is actively draining the blood off the patient by adding more and more IV punctures, then Romney is the sort who would stand there and watch them spurting blood everywhere; what is needed is someone who will remove the catheters and apply a little pressure to the puncture-wounds for a while.

[GlockThe Vote]

There is no one possibly w a chance to win in 2012 other than myth or thugbama.

[OneWingedShark]

This is the election of our lives.

Oh, I remember that one: from Gore v. Bush!

We can’t survive another Obama term, yet we have a parade of Freepers who still feel Romney is the greater threat.

I actually do think Romney is the greater threat; Obama has the advantage of being particularly polarizing, Romney on the other hand will lull people into thinking that just because they changed the little letter next to the name of the President that they have "done something."

We cannot allow such a feeling as "done something" at all, much less promote someone who is for all intents and purposes Obama (they are both socialists, and will both implement more socialism). In order to "win" we need to work for something: we need to work for a more just form of government. (socialism is inherently unjust, as one's work and one's pay are utterly discrete thereby destroying reward. Further, such as we have in government, the politically-correct "disadvantaged groups" are an active promotion of injustice.)

Government has two legitimate functions:
#1 -- To protect its citizens from external threats (this could include famine, as Joseph's story in Egypt shows [famine is generally not caused by mankind, and is therefore external to the country]).
#2 -- To promote justice within its borders.

Electing Romney will not, in itself, further either of those functions. Therefore, I posit that voting for Romney is not in the best interest of the nation.

[OneWingedShark]

There is no one possibly w a chance to win in 2012 other than myth or thugbama.

I will vote for neither; I refuse to vote for a socialist.
If the GOP wants my vote, then they really need to quit only saying things and start actively pursuing the party platforms such as: illegalizing abortion, government accountability, reducing the size of government, being fiscally responsible. As it is, there are very few who actually make any efforts towards these goals, so as-a-party I can only assume that they are liars, always making excuse for not following through.
(Remember the bailouts, they started with Bush and the airlines; remember TARP, it would not have passed without Republican participation; remember that the Republicans held the executive and legislative under Bush and did not do so much as propose a resolution to consider the unborn as persons for the sake of homicide; remember also NY-23, wherein the GOP endorsed the Democratic nominee rather than a Tea Party republican candidate who had won the primary.)

If the result is that the Dems win for the next ten, twenty, or forty years then good on them; for they at least are active in pursuing their stated goals. (I may find those goals repugnant, but they aren't lying about the things they want: more government control & regulation.)

My point: it is better to be shot at from the front than it is from the back.

[Freedom_Is_Not_Free]

Like I said, this is the crisis on Free Republic.

People like me are certain we can’t survive another Obama term. Our nation will be irreparably harmed. Going forward our nation will be forever changed for the worse and will not be the Republic we have known and loved.

People like you believe we can survive another Obama term.

I guess we’ll see.

[OneWingedShark]

People like me are certain we can’t survive another Obama term.

Perhaps it can't; but let me ask: what is America about?
It used to be about Truth and Justice; is now about equality-of-outcome?

Our nation will be irreparably harmed.

I think it already has been; Roe v. Wade is "established law" even though it prohibits States from protecting the lives of its citizens (required by the 5th and 14th amendments), and it sets precedent for the Supreme Court to make new law out of whole cloth as well as defacto amendment the Constitution.

Going forward our nation will be forever changed for the worse and will not be the Republic we have known and loved.

The President is mostly a figurehead with little real power*. The Congress could stop him in his tracks by cutting funding, or removing him, or altering the law, blocking cabinet nominations, blocking Supreme Court nominations, etc. There is a reason Congress's approval rating is less than that of lawyers or banks or BP during the spill.

* The President's real power is in his ability to "faithfully execute the laws of the United States"; why if he were to do that, things would be very different indeed...

[GlockThe Vote]

So you are voting for Obama, great. No wonder we are screwed beyond repair.

Like Rush said, you are beyond words out of your mind.

[Freedom_Is_Not_Free]

If you think the nation is already irreparably harmed, then why bother to vote? Just for fun?

If I thought the fat lady already sang her song, I would log off Free Republic and not give voting or politics a second thought. I mean, why bother?