In watching the O'Reilly Factor Thursday night I @ first thought the program was a repeat since the talking points memo that Bill opened the program with sounded identical to one I highlighted on this blog about two weeks ago. It seems that 100-million people now receiving some kind of federal welfare has awakened Bill to the principles of Death Of Democracy – something that readers of these messages have known about for over a decade when the figures were much less compelling.
Bill wrote "Under President Obama the USA has greatly increased social welfare programs. The President will tell you that's because of the bad recession, but we've gone through bad recessions before. More than 100-million Americans are now receiving some kind of federal welfare, and that does not count Social Security or Medicare. In 2000, 34-million Americans were on Medicaid; now the number is 54-million. In 2000, 17-million of us received food stamps; today that number is an astronomical 45-million Americans. Some Americans need help, no question about it, but what President Obama does not want to articulate is that there is a shift in how many Americans see themselves. It used to be that self-reliance ruled, but now many of us feel we are entitled to free stuff because it's not really our fault if we're not prospering. There is a tremendous sense of entitlement among some Americans who simply have not succeeded. President Obama is encouraging that mindset by putting out a narrative that says wealthy Americans and business people are not paying their 'fair share,' even though all the stats show that the affluent pay the vast majority of federal taxes. In France, the new Socialist president wants to tax the affluent at a rate of 75% so he can dole the money out to French citizens who don't have very much, thereby ensuring their permanent support. Do you see a difference between the French Socialist strategy and what the Democratic Party wants in the USA? I don't."
Later in the O'Reilly program it was pointed out that new stats indicate that more than one-third of immigrant households receive some form of welfare. Lou Dobbs pointed out that "We have 15-million people in the country that we didn't invite and most of them don't have high school educations. We know these are people who will be dependent on welfare for many years to come. We also have a failing education system and this administration has not been able to create the same level of jobs as four years ago. Obama is not just the 'food stamp president,' he is the 'Social Security Disability president as well."
Looking @ the other side of the coin & following up on the recent postings re how to create value producing jobs & the significance (or lack thereof) of unemployment statistics please click on this link of a video of Suffolk University Economics Professor Ben Powell explaining the relevant principles described in the ladder metaphor I presented. Many of you will remember Professor Powell was a frequent guest on the best TV show in recent memory before FBN unexpectedly & abruptly took it off the air last winter– Freedom Watch with Judge Napolitano. What a treasure it would have been to have the Judge on the air every night during the SC ObamaCare hearings.
In the same light thanks to our SC businessman for sending us this link of a video that he received from his local Tea Party that indicates the countries with the most economic freedom in the world today. The WSJ publishes the current list every January & it is disheartening to learn that America is not only not #1 but has fallen to #10. Ask yourself - if our economic freedom continues to fall, will it not affect our quality of life?
Lastly, click on this link that shows how U.S. households have lost 75% of their wealth in the last decade when evaluated & compared to commodities like oil & gold – two commodities that have held a steady relationship to each other over the decades.
All of the above types of deterioration have happened to nations throughout history when the people have not had the sense to spend even a few minutes a day thinking about what was happening to them – let alone determining what they could do about what they didn't like.
Both new Fox News & CNN polls show how the above welfare stats & the federal largess relate to the November presidential election. Forty nine percent of registered voters are for Obama, 40% for Romney, a 9-point gap in the Fox poll. Included in that 49% has to be almost everybody getting welfare payments – just waiting to go up as BO organizes & controls more of the growing dependent class. This possible (& to me really probable) election result is the Death Of Democracy & significant change to our way of life that will negatively affect virtually everyone who is breathing who reads these messages. I know Mitt is struggling receiving money following the Republican primaries to fight back but this election is starting to have the same stink to it that the Dole & McCain campaigns had.
Many of the ever increasing Dependency on Government class may not vote. Why? 1 - Traditional Democrats are less enthused in 2012 compared with 2008. 2 - Many are unemployed – approximately 15% counting those who left labor force or work part time but desire full time. Still it will be very difficult to beat BO and his Alinsky tactics. His blatant lies fool many people such as the latest lie that Mitt caused a woman to die from cancer. Therefore it is imperative that we aggressively encourage those not in the Dependency on Government class to vote against the Left (BO and most Democrats).
ReplyDeleteMy current main point of persuasion is: if you want to keep your job do not vote for BO or Menendez. Their policies are destroying capitalism, our prime jobs growth engine. Then I provide numerous facts to prove my point.
Two recent excellent books that explain impact of the Left to the economy (and how to remedy) are:
Senator Tom Coburn’s ‘The Debt Bomb: Bold Plan to Stop Washington from Bankrupting America’
Dennis Prager’s ‘Still the Best Hope: Why the World Needs American Values to Triumph’
Should Romney win let’s hope he follows Senator Coburn’s pro market solutions so we can grow our economy at a normal 3% -5% and reduce our debt.
Should BO win I predict a US dollar collapse by the end of 2014 (total debt at $18.5 trillion, GDP no higher than $16 Trillion, with debt at 115% of GDP). By that time our foreign investors will know investing in US debt with another BO term will provide very poor and substantial negative returns. Other investments will be so much more attractive. I warn many people about this but many find this hard to comprehend but I still try….. Too many economic illiterates are dazed watching reality TV and know virtually zilch about our severe economic situation. This is an opportunity for us to address / reverse.
Economics501
You said it very well in first part of your letter. If I was receiving "freebies" from Obama, why would I vote against him?
ReplyDeleteSuch people make up a large part of the population. Forget about we are spending too much money -money we do not have - there always is the printing press. People do not like to hear "bad news" .
Continue to give "freebies" and keep the general population happy - they
do not care where money is coming from AND they do not care.
What do your members say?
What material of un-ambiguity that preserves precious knowledge on the topic of unpredicted emotions.
ReplyDelete