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Socialism is the Problem Capitalism is the Solution

Do You have Hope?

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Marching out of Yorktown to surrender the British Army played the song “The World Turned Upside Down.” As I drive to Meg Lo Mart to make my latest deposit of monopoly money in a Chinese savings account all I can do is mumble the final tag-line of the Wicked Witch of the West, “What a world? What a world?”

There is a massive unspoken problem in America today, floating like the iceberg in front of the Titanic waiting to sink the unsinkable ship. Founded by revolutionaries crying “No taxation without representation!” the Republic these revolutionaries devised has devolved into a society where more than 40% of the people pay no Federal Income Tax and the number of people receiving government benefits is even higher. What incentive would these non-paying receivers have to reign in an overbearing and intrusive government? This unseen and unspoken problem is a cancer in the body politic.

Self-serving professional politicians buy votes by exempting non-productive people from personal financial responsibility while providing ever-expanding benefits at the expense of the productive. This is not the right versus left, conservative versus liberal, democrat versus republican he-said-she-said endless debate that devours the chatocracy of cable’s wall-to-wall talking-heads. This is not an academic exercise that pointy-headed political science and history majors with dueling pocket protectors debate for hours in their mother’s basement as they post their latest scoop on their samizdat blogs. If it is not any of these things what is it? It is a dagger pointing directly at the heart of our civilization.

Western Civilization awoke from the slumber of the Dark Ages enlightened and empowered by a belief, based in the Judeo-Christian tradition that humanity has an innate right to be free and a natural right to excel. Rights and freedoms are given by God not bestowed at the whim of some Legend-in-his-own-mind Leader. This civilization gathered steam in Europe exploding upon the world stage through an energetic period of exploration.

In America after a revolution fought by farmers and merchants against the greatest empire of the day the Founders, dared to declare “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are Life, Liberty and the pursuit of Happiness.” After centuries of government thugs standing on the windpipe of everyday people these self-sacrificing giants observed that in a civilized world government was not imposed by the strong upon the weak it was instead built upon a social contract between the governed and those entrusted with the privilege to govern when they said, “That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed.”

Today this bold and unique experiment in freedom is being devoured from within and challenged from without. Those who believe the collective should reign over the individual, those who believe in the suffocating sameness of socialism over the rough-and-tumble of capitalism have worked for generations building a culture of dependency which has tempered the steel will of the pioneers into the sloppy demands of the couch-potato slacker waiting for someone to find their remote as they guzzle some refreshments and wait for the game as bread and circuses take the place of innovation and accomplishment. Schools teaching 2+2 might = 5, trophies for everyone, politically correct new-speak and affirmative action promotions have sapped the vitality from the citizens of our Republic. Politicians and their fellow-travelers use a system of cronies and sweet-heart deals to reward each other for siphoning trillions from the public treasury promising the dumbed-down descendants of revolutionaries that they just might win the lotto before they have to declare bankruptcy so they might as well re-elect the same old grafters once again.

There comes a time when those who are raising the sails and paddling the boat have to admit to themselves the ballast down in steerage weighs more than the cargo. There comes a time when even the most non-confrontational and loyal among us begin to ask, “Who is John Galt” as Atlas tires of his thankless job and shrugs the burden of dead-weight into the dustbin of history. As the perpetually-reelected and the propaganda spewing Corporations Once Known as the Mainstream Media trumpet the inevitability of government rationed health-care, cap-n-trade industrial suicide, comprehensive import-a-voter immigration reform and the surrender of sovereignty through treaties supposedly designed to deal with mythical global warming there shines a light in a bell tower, one if by land and two if by sea.

Without hope you’re hopeless and I refuse to allow the unbelievable changes currently assaulting our economy and our political system to bring about my own personal Great Depression. Those who believe in the Devil believe he comes to steal, kill and destroy. I believe if he can’t steal your joy he can’t keep your stuff and weeping may endure for a night but joy comes in the morning. Don’t despair pray. Don’t give up, give it up to God. Let me ask you, “Do you have hope?” I hope so. Personally as for me and my house we will trust the Lord for our hope is in Christ.

Dr. Owens teaches History, Political Science, and Religion. He is the Historian of the Future @ http://drrobertowens.com © 2015 Contact Dr. Owens drrobertowens@hotmail.com Follow Dr. Robert Owens on Facebook or Twitter @ Drrobertowens / Edited by Dr. Rosalie Owens

 

If We Blow It Up Again It Will Blow Up Again

Back in 2007 when I was speaking of the crash to come I noted that we really didn’t have to worry because our fearless and infallible leaders intuitively know the remedy.  When the bubble bursts they will blow up another bubble.

The absolute triumph of Keynesian economics in America and the West has never been more on display than during our rocky journey through the Great Recession.  An economic contraction which our leaders say is over and those of us who work and live in flyover country know is still grinding us down to the new normal.  TARP was going to save the economy.  It didn’t.  President Obama’s porkulus stimulus was going to save the economy.  It didn’t.  QE 1 and QE 2 were going to save the economy.  They didn’t. 

Then along comes QE 3 with an open ended commitment to pump 85 billion per month into the economy, and presto-changeo alakazam and miraculously the stock market is breaking new highs and the real estate market is beginning to revive.  Unemployment keeps inching down and even the Neocons over on Fox are telling us the cratered economy is showing signs of life.  It turns out if you magically create trillions of dollars and drop them from helicopters across the country there seems to be more money blowing in the wind.  As one very profitable prophet once said, “It doesn’t take a weatherman to know which way the wind blows.”

Hang on to your hats because a booming economy has to become part of the Obama legacy so that the transition to a centrally-controlled economy can ever be hailed as the prescription for success.  Just as the booming economy of the 90s is constantly brought up as “The prosperity we experienced during the Clinton years” so to if any politician ever attempts to restore economic freedom, or when there is another crash it can be blamed on too much regulation, a pathological fear of deficits, and return to the old days of greed and avarice.

Those of us old enough to remember the Clinton years should know that it was the peace dividend and the Tech Boom Bubble which fueled the prosperity of the 90s.  We should also remember that it was a phony peace dividend since our military was engaged in interventions around the world during Clinton’s depredations in the oval office.  We should also remember that the Tech Boom flew through the air with billions in stock values for companies that made no profit and eventually delivered not prosperity but the crash of 2000.

Our Constitution was not written to be not a living document that evolves over time.  The words were never meant to take on new meanings with every passing generation.  The accumulation of case law and judicial proclamations was not meant to supplant the written political contract that the Sovereign States individually decided to ratify.  However, contrary to the oft stated desires of the Founders of our nation and the Framers of the Constitution the United States has evolved into a behemoth bureaucracy.  In all bureaucracies instead of the best and the brightest rising to the top those who learn to pull the levers the best end up controlling the machine.  Often the official leaders are merely telegenic front men for the powers behind the throne.   The grifters who have gained power through elections filled with ineligible voters, outright fraud, gerrymandering, and a two party system where-in Progressives control both parties use the living document ruse to turn the Constitution into a dead letter.

Crony capitalism has replaced free enterprise.  Just watch the big gaming table at the New York Stock Exchange.  Its volatile swings are dictated not by innovation, profits or production they are instead moved by real or projected government actions.  Will the Fed keep creating money out of thin air?  Will the EPA impose Cap-N-Trade?  Will the imperial presidency use a foreign adventure to grasp more power?  The banks act as willing accomplices of the Fed borrowing money at 0% interest and buying Treasuries at 3% helping to maintain the fiction that we aren’t monetizing our debt and printing our way to prosperity.  The foreigners who used to crowd the treasury auctions know what is going on.  Today the biggest purchasers of American debt are American banks using the Fed’s funny money.

How many times must this Ponzi scheme economy show itself for what it is?  How many times must this self-serving Progressive cabal be exposed for the hypocritical central-planning neo-fascists that they are?  How many articles like this must be written before enough people wake up and do something?  We glory in the American Revolution.  It overthrew tyranny and established personal independence, individual freedom, and economic opportunity on a scale that had never before been seen in the world.  This is something worth celebrating.  However, the counter revolution has been in progress since Hamilton founded the first bank and John Adams threw his opponents in jail.  The cost of freedom is eternal vigilance, and today’s generation may be too busy watching the game to notice their country is being transformed into something they won’t recognize by the time they get up for their seventh inning stretch.

Any semblance of a freely functioning economy has vanished since Progressive leaders like FDR, LBJ, and BHO birthed government control and intervention as an 800 pound gorilla on steroids.  The mirage of false prosperity is once again raising its crowned head out of the sea of financial calamity it created with the last bubble.  A new bubble is forming and happy days will soon be here again with a chicken in every pot and a flat screen in every home.  How many of our fellow citizens will be swept up in the coming Obama Boom?  How many will be devastated when it all comes crashing down again?

The too-big-to-fail friends of the government will be made whole.  The perpetually re-elected and their handlers will have their golden parachute pensions and plush jobs on K-Street and at Fannie, Freddie, and crony filled board rooms across the country.  The only ones hurt will be those who do the real work, those who play by the rules.  When the new bubble blows up the remedy is ready made: we’ll just blow up another bubble.  How could this ever go wrong?  

Dr. Owens teaches History, Political Science, and Religion.  He is the Historian of the Future @ http://drrobertowens.com © 2013 Robert R. Owens drrobertowens@hotmail.com  Follow Dr. Robert Owens on Facebook or Twitter @ Drrobertowens / Edited by Dr. Rosalie Owens

 

Crony Capitalism Alert: Ex-Im Bank Props Up Failing Solar Company with Big Loans

First Solar is the recent beneficiary of guaranteed loans from the Export-Import Bank. The Export-Import Bank is a government corporation that operates within the Executive Branch, with the mission of financing the foreign purchase of domestic goods. The unaccountable bank has rightly been labeled as corporate welfare by House conservatives, but was reauthorized by the Republican majority a few months back.

The bank’s recent loan guarantee to support First Solar calls into question the wisdom of that reauthorization. First Solar, as pointed out by Ashe Schow at Heritage Action , is the last company a government bank should be supporting with taxpayer dollars:
Last December, First Solar, a solar panel manufacturer which received a $1.46 billion loan guarantee from the Department of Energy, announced that they would lay off 100 employees. Then, in April of this year, the company announced another round of layoffs totaling 2,000 employees. But First Solar’s troubles weren’t over, in early May, the company reported 1st quarter losses of 8 cents per share, a 12% revenue decline.

The Export-Import bank, not deterred by First Solar’s recent history, guaranteed two loans to Indian companies that totaled $57.3 million so that these two companies could then purchase solar panels from First Solar. These loans should raise red flags. Either the Export-Import bank is simply engaging in crony capitalism by propping up a failing company that fits the Obama Administration’s agenda, or the bank truly thought that First Solar deserved the loan strictly on its merits. So the Export-Import Bank is either engaging in blatant crony capitalism or utterly incompetent. Yet, Congress continually reauthorizes the bank so that taxpayers can bail out Obama’s favorite green companies.
This post was authored by Townhall.com editorial intern Kyle Bonnell.

Why Koch Industries Is Speaking Out

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