The Coming Collapse

Friday, June 18, 2010

The oil spill still dominates the headlines of course and the finger pointing is still the best solution Obama and BP have come up with. Now there's even talk of $7.00 a gallon gas coming our way! I wonder, if that does come true, whether the Liberals will be as vocally outraged as they were when gas went up to $4.00 under George Bush.

$7.00 would be devastating to our already hurting economy. Of course if you're childhood dreams included, "one day I want to work for the census!!" then I guess you're in luck. That's one job that's thriving, good job Obama. That's what we get when someone with absolutely no economic experience, and a group of progressive new deal liberals are in charge of economic policy.

I have something fascinating you should all read if you haven't already. It's from my favorite economist, Art Laffer. He is predicting a collapse of our economy next year if we don't change course. I doubt he would put his credibility on the line and say something like this if he wasn't pretty sure of the direction he thinks we are heading.

Here's the article from the Wall Street Journal.

"Reagan's delayed tax cuts were the mirror image of President Barack Obama's delayed tax rate increases. For 1981 and 1982 people deferred so much economic activity that real GDP was basically flat (i.e., no growth), and the unemployment rate rose to well over 10%."

The critics hammered Reagan pointing to that period of no growth as evidence that his economic policies were a failure. For example:

"I'm slipping badly in the polls. I think it reflects the constant media drumbeat of biased reporting against what we're trying to do." - Ronald Reagan, written in his diary on April 2, 1982

This is why it's important to understand the points Laffer is making about the recession of '82 and even more important to understand why we face the potential of him being right about what to expect next year.

While Obama continues to make the misguided mistakes of the New Deal with his massive spending with little to show for it I can't help but wonder how long he will be given a pass those who stand so closely by his agenda on the hope that he knows what he's doing.

I also believe he knows what he's doing but I don't think the average everyday liberals have the same goals as Obama. The problem may be that the very culture he has worked so hard with the progressives to create. Let me explain.

Progressives have worked for generations to create an entitlement mentality in Americans. While historically Americans have overcome unbelievable odds through hard work, family values, and yes religion, (part of the reason so many early Americans could read during the American Revolution was because many regularly read the bible). Going back even further, the Pilgrims also read the bible. This proved invaluable as news of the Boston Massacre spread throughout the colonies sparking outrage that led to the American Revolution.

Progressives like Obama have now taught entire generations that hard work isn't important, that the government has a responsibility to take care of you if you don't want to take care of yourself.

The Liberal feminist movement created the idea that women don't need men in their lives and far too many men have walked out on their families simply due to the selfish inability to step up and put their families above themselves. This has been a tragedy for children and caused a massive explosion of poverty.

Ironically, the same Liberal culture that caused these problems in the first place decided to take care of the problems through a cushy government welfare state. Instead of inspiring people to lift themselves out of poverty through responsible decisions those same poverty programs have made people comfortable in that "poverty". That assured comfort zone is hard to teach people to leave. It is for that reason that there is so much protest every time anyone attempts to reform the various welfare programs.

The reason this is so important as it relates to the potentially coming collapse is this. If we face an even bigger recession next year and it continues to slide downhill, how do you expect those trained in the progressive entitlement culture to react?

If the only way to solve our problems is through a massive coming together of all Americans under the values that made us the country that we are. How do you convince those who have spent their entire lives learning that they are entitled to a free ride because they are always victims of circumstances?

It will take hard work, sacrifice, and strong families. It is those values that have allowed the United States to overcome impossible odds time and time again. It is the turning on those values that have brought us to where we currently are. The progressive experiment has failed, accept it.

Embrace change only when it proves to be change for the better. Acknowledge your own failures and don't be afraid to criticize your own party. For the record I didn't vote for John McCain or Barack Obama. It took awhile for me to see big government progressive republicanism for what it was. It's time for the other side to do the same.

If we don't wake up and work together, then not only will the coming collapse be assured, but we will have such a lack of preparation that it will be far worse than it should have been. I'm glad I wasn't around during the Great Depression and I hope I don't see another one. However, as the saying goes, "hope for the best but prepare for the worst."


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