-- The flirtation of capitalists and moderate liberals with left-wing politics may diminish. Why entrepreneurs who made millions would support the Democratic Party and other parts of the left when the left’s policies make it so much more difficult for others to attain financial success has always eluded rational explanation. Now that the society cannot afford liberal-left social policies -- indeed they are on their way to bankrupting cities, states, and perhaps one day America -- erstwhile financial sector and moderate liberal supporters of the Democratic Party are beginning to question leftist ideas. Some examples:
Jim Cramer, Obama admirer and host of CNBC’s Mad Money: “President Obama's budget may be one of the great wealth destroyers of all time.”
Warren Buffett, billionaire Obama supporter: “You can’t expect people to unite behind you if you're trying to jam a bunch of things down their throat.”
Clive Crook, Financial Times: “Barack Obama’s first budget showed him to be more of a left-leaning liberal than I and many others … had previously supposed.”
-- Big oil producing nations -- most of which are governed by bad people -- have been hit hard. The primitives who run Saudi Arabia, for example, have strutted on the world’s stage as if they have anything more to offer than a necessary commodity that by sheer good luck happens to lie under their soil. The decline in influence of Saudi Arabia, Iran, Russia, and Venezuela is a good thing for humanity.
-- For the foreseeable future -- i.e., until another generation grows up that has not experienced this major economic downturn -- most Americans will return to some basic economic principals like not buying things they cannot afford, and not incurring too much debt. That, too, is a good thing.
If Americans become more grateful; stop venerating millionaire geniuses who produce nothing; spend a lot less on college; finally recognize that the left is a wealth-destruction machine (the left everywhere is much more interested in reshaping society -- therefore much more interested in amassing power than in making wealth); and start living more economically responsibly some real good will flow from this real bad economy.
Dennis Prager is a SRN radio show host, contributing columnist for Townhall.com and author of his newest book, “The Ten Commandments: Still the Best Moral Code.”