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A HOUSE OF CARDS
By T Blogger | October 8, 2008
The American economy has revealed itself to be a house of cards. Many economists have known this for years, but their protestations have been ignored. Hard times are coming, and it appears that the American electorate is eager to make things even worse by giving the architects of this house of cards total control of the government.
Many of us citizens have noted (anecdotally, of course) that things seemed to be somewhat out of whack. I, for instance, over a period of about thirty-five years, have never failed to marvel at the overwhelming number of apparently well-fed people at the supermarket who were loading up their shopping carts and paying with food stamps while my wife and I were counting our pennies and clipping coupons to be able to afford to eat. This became so painfully obvious that the government came up with the subterfuge of issuing cards that mimic debit/credit cards instead of actual food coupons.
Democrat politicians have, for about forty years, told us that a huge number of our citizens are living in “poverty”. They even had the audacity to suggest that children were starving. Perhaps the most compelling evidence (anecdotal, of course) against this contention is that a majority of the allegedly poverty-stricken in America seem to be overweight, dressing to the nines, and driving fancy automobiles.
Money doesn’t grow on trees. Wealth must be created. Governments do not create wealth. The only way a government gets wealth is by taking it from its people through taxation. Wealth is created by trading goods and services that have value for money. This is a system that ought to work quite well. Unfortunately, however, in the modern world, it is government that controls the issuance of money. Since the United States abandoned the gold standard, our money has been backed by nothing more than the word of the government, and its value is set by a sort of international consensus. This system lends itself to manipulation by people like George Soros, a thoroughly evil man. With the current “bailout” the government has tipped its hand. We don’t have an extra $700 billion dollars lying around, so we are going to purchase a bunch of worthless paper (mortgage-backed securities) with another stack of almost worthless paper (US Dollars), which will be made even more nearly worthless by printing up another un-backed $700 billion.
If the American electorate were thinking logically, they would be thinking about electing politicians who would try to bring some sanity to our fiscal policy. But no – the guy leading in the polls wants to go to the almost empty well of the US Treasury and fund universal health care and a huge laundry list of government giveaways. He has the gall to suggest that he can finance all these governmental goodies by taxing the “wealthy” and reducing the taxes of everyone else. The word for this bit of fantasy starts with “B” and ends with “T”, but let’s use the kinder one—nonsense.
One of my favorite Will Rogers quotes is: “When you find yourself in a hole, the first thing to do is stop digging”. If we elect Barack Obama and load up the congress with Democrats, we will be trading our shovels for backhoes.
©2008, Tom Weeks
Topics: Current Events, Good Stuff About Politics | No Comments »
