Posted on 10/23/2008 9:23:08 AM PDT by MindBender26
Is America over? The tipping point may be very close.
Three proven economic principles may be converging to put the final nail in the coffin of the Great American Dream.
Economics, at least at the level American citizens and businesses must practice it, with money in the bank to cover checks, money to cover payrolls, never spending more than you have and other little inconveniences that never seem to bother either government or its servants, that type of economics is a cold, hard, unforgiving science. The Clinton years proved that we can not cash a check at the bank if that check is made out in the amount of "Hope." Likewise, the reality-based segment of economics does not like nonspecific, pie-in-the-sky promises of "change." In reality-based economics, 2+2 always equals 4, hot checks bounce, and race-baiting poverty pimp politicians are viewed with disdain, not awe.
12 months ago the real world financial and economic engines in this country viewed Barack Obama is a joke. Six months ago they viewed him as a bad joke. Now they just see him as bad... or worse, as the coming disaster to the economic foundation that is the basis of life in America.
Some may believe that our concept of freedom is the basis of life in our country. Others may say it's our faith, (... or hope ... or charity.) Crediting "diversity" as critically important is politically popular, although no one can quite explain what diversity means other than ensuring that the best qualified person for position does not get the job!
Our success is due to more than our freedom. A core economic system is essential for the success of any country or any society. Look what has happened in former Communist-bloc countries where inflation ran wild and their currency became worthless. That would be especially disastrous here in the United States with our transnational interdependence on others for basic life necessities. The real problems would not come when China would no longer accept a worthless dollar to pay for TV sets or computers. The real problem is American starving because Canada would not send us wheat, Argentina will not ship us beef and the 75% of our oil that we import from overseas would dry up, all because our dollar had become as worthless as an Obama smile.
In the second world and third world, currency and economic stability are not nearly as important as they are here. The African fishermen can trade parts of his daily catch to the local goatherd for milk. The Asian camel trader can attain anything he needs from other goods and services traders, usually within his village. His social status is not dependent on the latest video game from Korea, clothing from Thailand or perfume from Paris.
But such local exchange and barter is impossible for most Americans. What does the welfare recipient resident of Bedford-Stuyvesant in Brooklyn trade to get basic food for her family? Even worse, how do the basic necessities of life get to her from the farms and fields of Middle America when the trucks, trains and planes of our transportation system sit idle because of no fuel, or money to pay for it.
If you think it couldn't happen here, please realize that most real-world economists say it is the absolutely natural outcome of an Obama economic system. For years everyone has worried that as both the welfare system and welfare mentality continue to grow unchecked, the real wealth generators, the American companies and those men and women who are paid to provide work for them would one day just simply give up. Everyone knew there was a point at which America's business owners and entrepreneurs would simply say "I'm sick of getting screwed. I'm sick of working harder and harder to provide food and shelter, and of course the oh so politically correct "healthcare" for those people who simply choose not to work."
That point in time has come.
These are the people who realize that the Teddy Kennedy-Barack Obama promise of health care for everyone really means "free doctors visits and medicines for people too lazy to work paid for by people who do work."
These are the people who realize that Barack Obama's promise to "redistribute the wealth" simply means reaching into our pockets, ripping out our money, and giving it to someone else. For the last 50 years they have been doing it with pistols, Now they want to do it by fulfilling political promises they have made to the welfare classes.
The real untold story of the last 20 days of this political campaign and stock market crash has been a quiet surge of American business owners, professionals, the otherwise wealthy and those who contribute to America's largess, as opposed to those who simply take from it. They are all running not to the early voting ballot booths, but they are going to their bankers, investment advisors, other family members and anyone else that they involve other major financial decisions. They are all asking basically the same question "how do we get off the treadmill? How do I make sure that I'm not the last smart person to get out of this country with their money and their sanity intact? How, without starting a panic, do I guard against malignant Obamaism? It's obvious Obama is going to kill our basic core economic system because there simply won't be enough successful businesses left to pay for those who will not work... and pay off those who elected them?"
International economists expect to see operating capital transferred out of this country at an increasing and alarming rate. With it would go, not only the economic engine that drives the country, but any possibility of recovery and return to economic prosperity within the United States. We have reached the tipping point where the "smart money" is saying "enough is enough." They think of themselves as not leaving the United States but rather that the United States has left them.
Bankers and government officials in Australia, New Zeeland, the Bahamas, the Turks and Cacaos, Austria, Kenya, Israel and even Iceland are quietly rolling out the welcome mat. They want American businesses, American businesspeople, and the skills, attitudes and money they bring with them. Of course, there will be nowhere for the average American to go, but of course, Obama will blame the collapse of our economy and country on racism…. and he and the Rev. Wright could always catch the last flight out for Switzerland.
When you look at Obama's history and the current ACORN-inspired buggery you can see that Obama wishes to transform our political system into one resembling a third world banana dictatorship. If as many people flee the country as we expect, he will have a third-world economic system to accompany his dictatorship.
I’m still an optimist. America could turn this around. Serious tax reform and education reform would go along way toward saving this country. Not saying that’s likely in the short-term, but I picture the ending of “Atlas Shrugged” — after everything falls apart, there is reason to believe that people will see government as the problem, not the solution, and then free individuals and free markets can work miracles.
Oh come on. Let’s not call Time of Death until we get there. In the mean time work like heck to get McCain elected.
That's the plan. When Powell called Obama a "transfomational" figure, he might not've known just how right he was.
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world’s greatest civilizations has been 200 years.
No it ain’t. I won’t give up on my country. Remember the saying “From my cold dead hands”?
I don’t know. The “equity” section of the American balance sheet is still pretty healthy...just have to work on the other sections, primarily DEBT.
Guns don’t mean much when your children haven’t eaten in three days.
Yes.
Thomas Jefferson said:
The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.
Dead on. What ever happened to financial conservatisim? Neo-Con’s threw that out too.
>> I have been thinking the same thing. America’s best days may be behind it. I think it is only a matter of time.
People have been saying the same thing for hundreds of years. People said the same thing during the Civil War, again during the Great Depression, and again during the Cold War.
It is times like these that American exceptionalism is truly proven. Where other societies may crumble — we seize opportunity.
If conservatives truly believe the United States is an exceptional nation under God, that Capitalism is an exceptional economic model, that the American Constitution is an exceptional form of government, that the American people are rugged individualists derived from the American pioneering spirit — then conservatives must come to the conclusion that America will endure, as we have for the last 220 years.
We have triumphed over far worse than this.
H
Only if we can prevent McAmnesty. Amnesty brings us to the same Brave New World that is promised by Hussein.
Obama said he feels a righteous wind behind him.
I feel a cleansing wind approaching America.
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They do if you know what to kill that is eatable to feed your children with!
I’m not just laying down and let this country be taken over. If that’s got to be the answer...........there’s a lot of people that will disagree. How many of our sons and daughters have died for this country since it was established? Do we just let those lives be lost for nothing?
Actually Iceland is a bad example to use when talking about banking. Iceland has ALREADY nationalized their three largest banks, frozen deposits of foreigners so they can’t pull their money out, and their currency is crashing. Their banking industry has saddled each of their 300,000 people with over 8 million $ apiece in liabilities from their banking collapse. The more salient point is that what happened in Iceland and Argentina can happen here. The gov’t has started nationalizing our banks, and soon they may take over private pension funds as well.
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