Will police pull over drivers in America for “Driving while Libertarian or Conservative?”
Las Vegas, NV--March 24, 2009-As the 2008 Libertarian Vice Presidential nominee, as well as 2012 Libertarian Presidential hopeful Wayne Allyn Root, has been on the record in more than a thousand media interviews as concerned that our government has grown too big, too powerful, too corrupt, too controlling over the people. Now comes the strongest proof yet that Root's concerns are valid: a report prepared by a Department of Homeland Security-related organization that has warned law enforcement that anyone supporting third party candidates such as Wayne Root's Libertarian Party, the Bob Barr/Wayne Root Presidential ticket, or Ron Paul's Republican candidacy could be a terrorist, militia member or involved in criminal activities. The report also included anti-abortion activists on that warning list. This warning was issued to Missouri law enforcement officials by the Missouri Information Analysis Center (MIAC), one of 58 so-called “fusion centers” created by the Department of Homeland Security.
Root responded to this ridiculous, absurd and dangerous claim, “Government officials are already backtracking and running for cover on this idiotic, ignorant and dangerous warning to law enforcement. Ironically, it is more proof that we have given far too much power to government. You mean we've actually gotten to the point where if any political party challenges the powerful 2-party system (of Democrats and Republicans), government bureaucrats to protect their power, jobs, patronage, and bloated pensions, are now willing to label that group as criminals or terrorists? This is truly proof of Big Brother and the Nanny State gone wild. What's next? Government run re-education camps?”
Root, the author of the soon-to-be-released new book, “The Conscience of a Libertarian” points out that in many national political polls as much as 20% of Americans identify themselves as libertarian, while over 40% of voters agree that they are fiscally conservative and socially tolerant, otherwise known as libertarian. “Does government now consider those millions of voters all criminals or terrorists?” asks Root. “Is any form of dissent or disagreement with government policy now labeled as 'terrorist activity.' Is this America or the Soviet gulag? Are police now going to pull over drivers in America for the crime of 'driving while Libertarian or Conservative?' I think that all good Americans will agree that our government and law enforcement has gone too far with this warning.”
Root points out his own record, “Last I checked, I was a true-blue, All-American patriot. I'm the son of a butcher, a self-made small business owner, home-school dad and Citizen Politician in the image of our founding fathers. I'm even married to a descendent of Benjamin Franklin and Richard Warren (who arrived in America on the Mayflower). I've never been in trouble a day in my life- I haven't gotten even a parking or speeding ticket in the past decade or two. I support law enforcement and our men and women in the armed services. And somehow I don't think I'd be allowed in the militia movement- since I'm a proud Jewish American."
Root continued, "Last I checked, to fight for smaller government, lower taxes, less government spending, more rights for the individual, and more freedom is as All-American as apple pie and motherhood. More importantly, those principles are what America was founded on…those principles are the reasons we fought the America Revolution…those principles are the reason our founding fathers created our Constitution. Somehow today our politicians, government bureaucrats and even some law enforcement leaders have obviously lost their way and forgotten what America is all about. I will continue to fight to remind them.”
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16 Clear Cut Cases Where Obama & His Democratic Cronies Have Deceived the American Public
By Wayne Allyn Root, 2008 Libertarian Vice Presidential candidate
Barack Obama campaigned as a “uniter, not a divider.” He said he would end partisan politics in Washington D.C. Early during the Presidential campaign, I wondered how that was possible when a non-partisan organization named him as the holder of the most extreme liberal voting record in the entire U.S. Senate. How can you be the #1 most extreme liberal out of 100 Senators, yet call yourself a uniter? It's just not possible. It had to be a bold-faced lie. Well it turns out that President Obama tells lies on virtually every topic. His misleading rhetoric has little or nothing to do with the reality of his actual agenda. As my wise, common-sense butcher father taught me- “Always watch what a man does, NOT what he says.”
Below you'll find the actual Obama record of lies and hypocrisy. After only two months in office it is obvious that no matter what Obama says, or how wonderfully he says it, assume that his fancy, flowery and positive words serve as nothing more than propaganda to cover up the reality (which is usually the opposite of what he's saying). His rhetoric merely serves to lull the American public to sleep, while he implements his extreme left agenda.
*THE RHETORIC: Obama criticized Bush for out-of-control spending and record budget deficits.
THE REALITY: Once elected, Obama first budget and first stimulus package are far bigger than anything ever proposed or passed under Bush… creating a deficit FOUR TIMES bigger than the highest Bush deficit.
*THE RHETORIC: During the campaign, Obama criticized Bush repeatedly for signing bills into law that contained thousands of “earmarks.” Obama promised to end earmarks entirely, and to go through every line of the budget to root out waste.
THE REALITY: Obama has just signed his first budget bill into law. It contains over 8,000 earmarks, yet we heard nary a complaint, debate or threat of a veto from Obama. Not one earmark was removed.
*THE RHETORIC: During the Presidential campaign, Obama made McCain out to be a naïve blundering fool with no sympathy for the common man for trying to be upbeat, positive, and reassure the public about “the positive fundamentals of the American economy.”
THE REALITY: Only months removed from that same campaign, President Obama and his top advisors- alarmed by a growing economic disaster of his leadership- try to be upbeat, positive and reassure the public by calling the American economy “fundamentally sound.” You couldn't make this stuff up. Can Obama possibly think we're all that stupid?
*THE RHETORIC: During the campaign, Obama ran tens of millions of dollars of TV and radio advertisements criticizing McCain's health plan for “taxing the health benefits of America's workers.” The ads were not just misleading, they were total lies. McCain's plan did tax employer-provided health care, but then gave every penny back via tax credits. The net result would have been zero cost to employees/taxpayers.
THE REALITY: The front page headline of this past Sunday's NY Times reports that “Obama Administration Is Open to Taxing Health Benefits.” Not only did Obama lie, distort and mislead about McCain's plan, he lied about his own plan. The exact thing he accused McCain of wanting to do, Obama is seriously considering doing. Except in Obama's case, the tax increase is real. Unlike McCain, Obama's plan won't give employees a tax credit to offset the tax. Obama is considering punishing anyone with health insurance to pay for universal health care for those without.
*THE RHETORIC: During the campaign, Obama promised tax cuts for 95% of Americans. Of course he lied, misled and distorted there too. You see, 40% of Americans pay no federal income taxes in the first place. But the biggest lie was yet to come.
THE REALITY: Obama's plans for “cap and trade taxes” to fight the unproven liberal "boogie man" of global warming will dramatically raise taxes on every American taxpayer, consumer and business owner. Business will pass these draconian new taxes onto consumers, thereby raising taxes on virtually every product in society (anything that uses energy to manufacture, or requires gasoline to ship anywhere). It is a fact that the 95% of taxpayers to whom Obama promised not to raise taxes will soon pay far higher prices at the pump, at home (on all utility bills), and at the store. To make matters worse, cap and trade has been tested for years in Europe. It has dramatically increased the size, scope and power of government; raised taxes; damaged the quality of life of tens of millions of Europeans; but it has NEVER lowered pollution levels. If Obama also decides to add a tax on employee medical benefits, he has hit the 95% of Americans he promised not to tax, with a double tax.
*THE RHETORIC: Only a year ago, Obama and the Democratic Congress blamed and assailed Republican President Bush for $4.00 gas that was completely out of his control.
THE REALITY: Obama is trying to pass a cap and trade bill that will dramatically increase the price of gas- perhaps far higher than $4.00. Yet Obama will most certainly rationalize $5.00 or even $6.00 per gallon gasoline to voters by evoking “sacrifice” in the name of a greener planet. The reality is that cap and trade and other green laws/initiatives/stimulus spending by government simply benefit and enrich Obama's cronies and contributors at the expense of consumers and taxpayers. Unlike Bush who had no control over the rise in the price of gasoline, Obama will purposely cause this painful new price increase.
*THE RHETORIC: During the campaign, Obama criticized Bush's use of “signing statements” to give him room to ignore the very bills that he was signing into law.
THE REALITY: President Obama just signed his very FIRST budget bill and immediately added a “signing statement.”
*THE RHETORIC: Obama criticized the divisiveness and rancor about race in America.
THE REALITY: Obama's Attorney General Eric Holder called white Americans “cowards” in a public speech to government workers on Martin Luther King Day. There's nothing divisive about that, is there?
*THE RHETORIC: Obama has repeatedly demanded responsibility, accountability and sacrifice from CEOs and high income Americans.
THE REALITY: Obama demands no responsibility, accountability or sacrifice from his loyal voters: UNION MEMBERS. Government employee union members and teacher union members (who vote overwhelmingly Democrat) are being hired at a record pace, while still receiving far higher salaries, pensions and health benefits than private sector counterparts. All of this is made possible by Obama's massive and wasteful stimulus package. And in states, counties and cities across the country, local government employees are not only avoiding layoffs, they are receiving cost of living raises and “step-up” salary increases, while private sector employees are losing their jobs by the millions. This is again made possible by Obama's massive and wasteful stimulus package. Where is the sacrifice of teacher unions, auto unions, or government employee unions under Obama? The reality is that under President Obama only some people have to sacrifice.
*THE RHETORIC: During the campaign, Obama promised to help small business owners. After hearing criticism of his stimulus package by small business advocates, Obama and his top aides repeated the lie that the stimulus package would greatly benefit small business. Obama is so worried that he has been caught in a lie, that he will announce today (Monday) new funds dedicated to small business loans. Starting to panic President Obama?
THE REALITY: Small businesses are closing by the tens of thousand per month across the country. The higher taxes proposed by Obama disproportionately effect small business owners. Cap and trade will also hurt small business owners- as the cost of utility bills rise, and the cost of goods rise (some of which they will not be able to pass along to their customers). The truth is that virtually ZERO jobs will be created by Obama's stimulus plan in the private sector. The only beneficiaries will be government employees - whose bloated salaries and pensions will force dramatically higher taxes on small business for years to come (long after the stimulus funds are gone). Meanwhile, a new government scandal brews as facts prove that government contracts set aside for small businesses are instead being fraudulently awarded to large corporations (who happen to make large campaign contributions).
*THE RHETORIC: Obama campaigned as a man who stood for education reform.
THE REALITY: Obama stands vehemently opposed to school choice, even allowing his first budget to kill successful school voucher programs in Washington D.C. and Milwaukee (that benefited minority school children). All the while, Obama's two precious daughters get to go to the most expensive and exclusive private school in D.C. (at a cost of almost $60,000). Obama denies choice for poor and minority children, condemning them to failing public schools, but gives his daughters the best choice that money can buy. Hypocrisy and callousness at its finest.
*THE RHETORIC: During the campaign, Obama criticized President Bush for not opening dialogue with our enemies. As President, Obama is willing to open dialogue with terrorists, madmen and murderous regimes such as Iran, Cuba, Syria and the Taliban.
THE REALITY: Obama will talk to anyone, negotiate with anyone, and compromise with anyone, no matter how vile, no matter how many people they have murdered or threaten to murder, even if their victims are women, children and the elderly. But he won't open dialogue with Congressional Republicans or Rush Limbaugh. Obama has nothing to say to them.
*THE RHETORIC: During the campaign, Obama promised Jewish voters that he would always stand by Israel.
THE REALITY: He has named a steady stream of biased-Palestinian sympathizers and Israel-haters to negotiate Middle East peace- including Charles Freeman, Daniel Kurtzer, and Samatha Power.
*THE RHETORIC: Obama ridiculed President Bush for bullying, berating and trampling over the opinions of our allies over the issue of the war in Iraq. The biased liberal media accused Bush ran of running roughshod over our allies and demanding they follow our lead “because America always knows best.”
THE REALITY: President Obama just sent Treasury Secretary Tim Geithner to an economic summit in Europe to berate, bully and trample over the opinions of our allies over the issue of how to rescue the world economy. Unlike America, European allies want to practice fiscal restraint by not wasting billions on useless stimulus packages. Obama is demanding they follow our lead “because America always knows best.” I repeat- you couldn't make this stuff up.
*THE RHETORIC: The Democratic Congress has been demanding that CEO pay be tied to performance.
THE REALITY: If Congress had their pay tied to performance, Congressman and Senators would be broke and homeless. According to various public opinion polls, Congress' approval rating ranges between 10% and 18%. Congress is the only group in America ranked lower by the public than greedy CEOs. The hypocrisy is deafening.
*THE RHETORIC: Obama promised to clean up Washington D.C. and make ethics reform “the hallmark” of his administration.
THE REALITY: Obama has nominated more tax cheats and possible law-breakers in the first days of his administration than any President in modern history- Daschle (withdrawn), Killefer (withdrawn), Geithner, Solis, and former Dallas Mayor Ron Kirk all have suffered from embarrassing “tax issues”...Bill Richardson (withdrawn) is dealing with a criminal investigation.
Let's not forget powerful Democratic Congressman Charles Rangel who sets tax policy as Chairman of House Ways & Means, but cheated on his own taxes (leaving income from an offshore rental property off his tax returns and Congressional disclosure forms). Or Democrat Congressman Eliot Engel who applied and received property tax credits on his Maryland home only available to full-time Maryland residents, at the same time that he represented his New York constituents as a full-time Bronx resident (full-time NY residency is required to represent New York in Congress). What do these Obama appointees and confidantes have in common? They appear to be tax cheats who constantly support higher taxes, but obviously don't feel the need to pay taxes themselves.
Then there is Congresswoman Maxine Waters who railed hysterically at the top of her lungs against bank CEOs who lived lavishly while taking TARP funds, but never disclosed that her husband was on the board and owned substantial shares in a bank while she lobbied the government for TARP funds for that very bank. That favored bank of Waters was also penalized by the FDIC for “excessive executive compensation.” But Maxine was remarkably quiet about all that.
Or take the case of Democratic Senator Chris Dodd, who oversees banking for the U.S. Senate, yet accepted special discounted mortgage rates from the very banks he was overseeing and somehow never managed to notice the banking crisis coming.
Or Congressman Barney Frank who oversaw the banking industry for Congress, while his lover was running the troubled programs at Fannie Mae/Freddie Mac. Congressman Frank also never managed to notice a banking crisis looming.
And let's not forget Nancy Pelosi who flies everywhere with her family on U.S. military planes, while Obama rails against CEO's flying on private planes. Pelosi is the leader of the Democratic cabal that screams nonstop about the effects of global warming, while they use more gas in one private plane trip than mere mortals such as you or me use in a LIFETIME of driving a car.
Obama and his corrupt Democratic cronies promised to “change” the culture of corruption in D.C. In reality, the only “change” that Obama has brought to D.C. is a change to new levels of corruption, lies, audacity and hypocrisy. And of course a “change” of who is perpetuating the corruption- Obama's friends, cronies, and contributors, instead of Bush's. You gotta love a man with audacity.
Wayne Allyn Root was the 2008 Libertarian Vice Presidential candidate. His new book will be released by John Wiley & Sons this Spring entitled, “The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gambling & Tax Cuts.” The book is available for pre-sale at Amazon.com. For more of Wayne's views, commentaries, or to watch his many media interviews, please visit his web site at: www.ROOTforAmerica.com
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Root on “Savage Nation” Calls for Nationwide Protests to “SHUT DOWN AMERICA” by Small Business Owners & EntrepreneursRoot Says “Obama Has Declared WAR on Small Business Owners and Productive Taxpayers
Root Calls for Small Business Owners, Entrepreneurs, High-Income Earners to Unionize with the PSTA (Private Sector Taxpayers of America)
Las Vegas, NV—March 4, 2009--Libertarian 2008 Vice Presidential nominee Wayne Allyn Root will present a Commentary on “President Obama’s War on Small Business” on Michael Savage's national radio show "Savage Nation" on Wednesday 3/4/09. Root will appear in the 3rd hour of Savage's show. Root is now a regular weekly commentator on Michael Savage's popular show. "Savage Nation" is the third most popular radio talk show in America, reaching over 8.25 million listeners each day.
Root, the busy 2012 Libertarian Presidential hopeful, and author of the upcoming book, “The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gambling & Tax Cuts” will suggest that self made Americans- entrepreneurs, small business owners, self-employed independent contractors- should organize, mobilize and unionize. Root has named this union the PSTA- the Private Sector Taxpayers of America. Root says, “If Obama loves unions so much, we’ll give him a union- the union of the people in this country who pay most of the taxes, create most of the jobs, provide most of the productivity, make most of the investments, and take all the economic risks.”
“Obama is prejudiced. He is discriminating against one group- the productive class. Instead of raising taxes equally, he has targeted one group to punish, one group to make all the sacrifices, one group to pay for his massive tax increases. But that group is already shouldering most of the burden. It is time to show Obama that we are the group that is too big to fail. It is time for us to unionize. It is time for us to put out ‘Closed for Business” signs and march on Washington DC. It is time to shut down America and prove our value to society. It is time to show government what it’s like to try to live without our workforce, without our productivity, without our taxes. It’s time for the Private Sector Taxpayers of America to shut this country down.”
“What’s Obama going to do? Show us how important government is and shut it down? We can only hope and pray he shuts government down. We’re the ones paying all the bills, while government does nothing for us- the private sector taxpayers. Government takes and takes from us, and gives us nothing in return. President Obama, we dare you to shut government down! But of course Obama couldn’t. It would only prove how unimportant government is in our lives- the productive Americans wouldn’t even notice it was missing!”
Root's plans for unionizing small business owners and private sector taxpayers will be a centerpiece of his new book, out June 15th, entitled, “The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gambling & Tax Cuts.”
Please visit Wayne's website to hear many of his recent appearances on “Savage Nation” with Michael Savage, as well as his many FOX News and FOX Business appearances: www.RootForAmerica.com
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OBAMA HAS DECLARED WAR ON SMALL BUSINESS: The Real Story of Why Obama Hates Self-Made Entrepreneurs From Obama’s College Classmate and The Only Small Businessman to Run for President in Modern HistoryAs the 2008 Libertarian Vice Presidential candidate, I am the first and only small businessman to run on a Presidential ticket in modern American political history. I hope to be the Libertarian Presidential candidate in 2012. No other politician in America bridges the two worlds of politics and small business. I believe Barack Obama has declared WAR on small business and entrepreneurship with his plans to dramatically increase taxes and (perhaps worse) eliminate deductions for successful Americans. More importantly, I know Barack Obama’s type. No one in American politics, today, better understands his motivations to damage and destroy small business owners and entrepreneurs. You see, Obama was my classmate at Columbia University (Class of ’83). Today virtually all my Columbia classmates are in three fields- law, politics or the media. Let me relate a telling and shocking story about this group, that goes a long way toward explaining Obama’s motivations. By the way, this group proves that just because you are book-smart, doesn’t mean you are smart.
Back in 1981, I was sitting in my Political Science class at Columbia University when my classmates heard the first reports that President Ronald Reagan (my hero) had been shot. I immediately witnessed the most revolting, disgusting, disgraceful response to that news imaginable- my classmates cheered, high-fived, hugged and screamed in joy. They pumped clenched fist into the air. They screamed in celebration, “YES, Reagan is dead!” These are the people now running our country. These are the people now running the media- deciding the news you get to see, hear and read. The same type people are running the Obama administration. Perhaps more than the same type, my educated guess is these are the ACTUAL people from my Columbia political science class that day. I’m certain many of Obama’s Columbia University and Harvard Law School classmates became lifelong friends with him- after all, their joy at my beloved hero Ronald Reagan’s possible death that day, confirms a shared common love of socialism and hatred towards capitalism, capitalists, entrepreneurs, and any politician that dares to champion free enterprise/democracy. I’d actually call it a sickness or mental illness. None of these people are self-made and they are angry, bitter and resentful of those who are. Consequently, they are on a lifelong vendetta to damage or destroy self-made Americans; to literally tax us to death; to take away our economic freedom; to purge self-made entrepreneurs out of society.
These Obama types have always worked for others (government, community activist groups, big corporate bureaucracies). They can’t stand the thought that we work for ourselves and as a result of our courageous risks, actually make more money than they do. They can’t stand our economic freedom. They hate that we make our own decisions, without government control or authority ruling our lives.
These Obama types hate, despise, want to destroy anyone that has the audacity to want to make money…or worse (in their minds), the audacity to think they should keep more of their own money. This group thinks our hard-earned money is their money. They want our money so they can use it to fund their liberal and socialist pet projects; to pursue social engineering (redistributing wealth to create “equality” and overcome what they perceive as racism); and to quite simply bribe their loyal supporters and voters (anyone who works for government, or expects government handouts). Obama’s book should have been called “The Audacity of Class Warfare.”
Obama and his friends have a chip on their shoulders. They’ve never funded, started or run a business. They’ve never created jobs. They are not self-made. They have no understanding of entrepreneurship. We are not in their group. We are not in their clique. We are not their friends. We are certainly not their supporters. Why should Obama care if he legislates, regulates or taxes us out of existence- we didn’t vote for him, we didn’t support him, and we certainly didn’t contribute to him or his liberal causes. In Obama’s liberal caste order, we are the “untouchables.” We are therefore expendable. So he creates economic policy to destroy us. It’s a Triple Crown for Obama. First he gets to punish us for the crime of being self-made, while he’s not. That makes him and all his liberal friends feel good. They’ve won. We’ve lost. Second, he gets to use our tax money to bribe his voters (who don’t own businesses, and who expect government to provide either jobs or handouts from cradle to grave). Third is the biggest bonus of all- by taxing us to death, he deprives the small business owners and entrepreneurs of the money we need to fund his political opponents. Brilliant.
It’s pretty simple. There is now a WAR between Obama’s vision of big government (government programs, government employees, and those who expect government entitlements) and anyone in the private sector. It’s a war we must fight with every last dollar and every last ounce of energy we have. It is a fight for our very economic survival. It is a war we must win at any and all costs to save capitalism, free markets, America, and the American Way of life. It took me 30 years of hard work, commitment, tenacity, relentlessness and creativity to achieve “overnight success.” Obama is trying to ruin everything I’ve accomplished and built in 4 short years. I won’t let him. I will fight him day and night. I will fight him every step of the way. As Winston Churchill once said, “If you’re going through hell, keep going.” All small businessmen and women and entrepreneurs are in hell right now. It is Obama’s hell. I will not rest until I take back my country from this assault on the heroes of American business.
Wayne Allyn Root was the 2008 Libertarian Vice Presidential candidate. His new book will be released by John Wiley & Sons this Spring entitled, “The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gambling & Tax Cuts.” The book is available for pre-sale at Amazon.com. For more of Wayne’s views, commentaries, or to watch his many media interviews, please visit his web site at: www.ROOTforAmerica.com
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So the man who didn't even know we were in a recession last April, now thinks he can read the future? How can we depend on his ability to predict the future, when he's proven he can't even predict the past. While the Chairman of the Federal Reserve had no clue we were mired in a deep recession last April, this small business owner-turned-Libertarian Vice Presidential candidate was already loudly and publicly calling it a depression. In my commentary last April, I concluded that we had been in a deep recession for as long as a year…and I stated that it was clearly turning into a depression.
How did I accurately predict and diagnose economic conditions that the Fed Chairman couldn’t? Simple- small businessmen are "the canaries in the coal mine." We live on Main Street. We feel seismic tremors when book-smart economists from Harvard in their Ivory Towers are still giving lectures about how earthquakes can't possibly happen. My prediction of course turned out to be deadly accurate. Bernanke's prediction that we might avoid a recession joins the scrap heap of history. Our Fed chief joins a long list of economic geniuses whose heads were so far up their butts, they couldn't find water in the middle of an ocean.
Back in April of 2008, I predicted a long and deep depression- not of 1929 standards, but certainly the worst since 1929. At that same moment in time, our Fed chief was describing the worst economic crisis of our lifetimes as "a contraction." That would be equivalent to telling a pregnant woman that her labor pains are “just contractions.” As a four-time father with my lovely wife Debra, I know that husbands face either bodily injury or divorce for comments that ignorant and insensitive. Perhaps economists and Fed Chiefs should face the same fate.
In today's Congressional testimony, Bernanke called our deepening economic crisis a "severe contraction." Recognize the pattern? Last April a deep recession was in Bernanke's words just a "contraction." Now the worst crisis of our lifetimes (and quite possibly a depression) is merely a "severe contraction" which will end this year. This man has a way with words. He’s almost as good as President Obama with words. Obama is the man who boldly promised during the election that he would create millions of jobs. I commented publicly at the time that since he had never run a business in his life, any job that Obama created as President would be his first.
But once elected Obama changed his tune. First, he predicted his economic stimulus plan would create millions of jobs...then he changed the prediction to a less bold "create 3 million jobs"...then he changed it to "create or save 3 million jobs.” Interesting phrase to use- “save jobs.” How exactly do you keep track of how many jobs you’ve saved? Well of course the answer is that you cannot keep track. You can make up any number you’d like. So if 5 million or 10 million jobs are lost under Obama, he’ll simply claim that he saved 5 or 10 million more and declare victory. Watch the words carefully and you'll see the pattern of lies from a politician or Fed chief.
But I digress- back to our esteemed Fed chief…Mr. Bernanke didn't even know what a small businessman knew back in April of 2008. So why would anyone trust Bernanke now? He predicts this recession will end this year? Really? With hundreds of thousands of Americans losing their jobs per month, he thinks we're ready for a miraculous recovery? With consumer spending at a historic standstill and consumer confidence at all-time lows? With the massive losses of Eastern Europe about to wipe out virtually every European bank, he thinks the worst is over? The problems of European banks at this point make the crisis in the U.S. look like...well a "contraction" by comparison. But here's the problem- if European banks go under, Europe goes into a depression like 1929. And there goes our trading partners, thereby plunging America into round 2 of this crisis. Dark clouds are forming on the horizon. Not months away, not weeks, but days. And our Fed Chief sees sunshine ahead. The only question is...is Bernenke a fool or a liar?
The worst of this crisis has not even begun yet. Bernanke claims to be a student of history. So let this small businessman and Vegas Oddsmaker-turned 2012 Presidential hopeful educate our esteemed Fed chief on the subject of history. Historically a deep recession (or in my opinion a DEPRESSION) like this one does not end in a year. Historically the worst is yet to come. Historically the problem is the lagging absence of tax revenues. Our government will buckle over the next 2 to 5 years because of a dramatic drop in tax revenues. Never in the history of economic crisis' this serious, have tax revenues ever recovered for years. Now that's a big problem under any circumstances. But when you have a President like Obama who likes to spend (and spend BIG), this creates a crisis of epic proportions.
"The rich"- as Obama likes to call successful American entrepreneurs and business owners- are decimated. Their incomes have been cut dramatically and therefore government tax revenues will drop dramatically for years to come. It's pretty simple- there are far fewer rich people and those that are still technically "rich" have far lower incomes. Yes, there are still rich Americans, but the group is a shadow of its former self from the halcyon days of the 90’s and early 2000’s. In short, much of the group that Obama depends on to pay for all his massive out-of-control spending, no longer exists. The same group that pays for all the bills of government, no longer exists. The same group that pays for bloated government employees compensation and pensions, no longer exists. The same group that Obama depends on to pay for Universal government-run health care, no longer exists. Obama's plans have gone up in smoke (excuse the reference to Obama's college days). The world has changed overnight, and Obama and Bernanke don't even realize it.
But wait, it gets worse. When Obama hits this group ("the rich") with a massive tax increase in 2011, tax revenues will drop even further. All at a time when federal, state and local governments have decided to take the dangerous, reckless, deadly path of spending more, hiring more, paying more to government employees, hiring more teachers, wasting more money on trains from Los Angeles to Vegas (another Amtrak?), and countless other billion dollar boondoggles and earmarks disguised as "economic stimulus."
Just as spending, deficit and national debt goes up dramatically over the next 24 months, tax revenues will go down just as dramatically. How will government fund all this spending? Well of course Ben Bernanke's Fed will print more money- by the trillions. The result? A massive wave of inflation
that will wreck the U.S. economy just as Obama and Bernanke hope to be coming out of the crisis- causing a further drastic drop in tax revenues, and a second wave of depression/unemployment- just as it happened in the 1930's under FDR.
Obama's plan to spend more; expand government; hire more government employees; hand out more entitlements; and strengthen labor unions; is a tragic repeat of FDR's plan. It will lead to the same result- economic disaster. It is important to note that it took World War II to end the last decade-long depression.
It doesn't take a Harvard economist to see what is coming. Countries will face massive unrest, rioting and revolution the world over. Governments will fall. Companies thought invincible, will fail- just as GM, Ford and Chrysler were once thought invincible. The face of politics as we know it will be changed forever in the aftermath of this economic tsunami. And in the midst of economic Armageddon, our Fed chief whistles past the graveyard.
All that said, in the long run I remain an optimist. I love America. I have faith in Americans. Today we are headed down the wrong path. The recovery from this disaster will be long, slow and brutal. But eventually we will emerge from the darkness. But only after a majority of Americans recognize the tragic mistakes of this administration. Only after our local, state and federal governments enter rehab to treat their spending addiction. Only after government dramatically cuts spending and taxes- thereby empowering the ingenuity and creativity of the American entrepreneur, small business owners, and the private sector. Only after we recognize that government isn’t the solution- it’s the problem. Freedom and liberty can never- in the long run- be extinguished. Not in this great country. How soon we recover depends on how soon we recognize that the path to recovery is only found economic and personal freedom.
Wayne Allyn Root was the 2008 Libertarian Vice Presidential candidate. His new book will be released by John Wiley & Sons this Spring entitled, “The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gambling & Tax Cuts.” The book is available for pre-sale at Amazon.com. Wayne also happens to be Barack Obama's college classmate (Columbia University Class of '83). For more of Wayne's views, commentaries, or to watch his many media interviews, please visit his web site at: www.ROOTforAmerica.com
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