Sometimes, those attacking America seem to understand our economy and the source of our power better than we do ourselves. Terrorists plot big, jarring attacks, in part hoping the spin off effects will cascade throughout our economy, pyramiding the ultimate costs.
Tesla Motors is a pioneer in manufacturing electric-powered cars. But it is not taking the auto market by storm.
In 2000, at the dawn of the 21st Century, under Saddam Hussein and his Baath Party, Iraq was suffering under the worst of the egregious misconceptions of the 20th Century.
Indeed, in 1900 only 2% of homes in America enjoyed electricity.
Enough facts are in the public record about the Benghazi murders of Libyan Ambassador Chris Stevens and 3 others, including two Marines, that a final judgment can be rendered on President Obama's handling of the affair. Obama's actions, or inactions, amounted to dereliction of duty, and worse.
Dorothy Rabinowitz, one of the best writers of our time, encapsulated the Obama Presidency perfectly in Monday's Wall Street Journal.
The Bureau of Labor Statistics (BLS) reported last Friday that 114,000 new jobs were created last month, according to its Establishment Survey of business payrolls that has been emphasized by the Obama Administration. That is pitifully weak, especially for what is supposed to be the fourth year of a recovery (the National Bureau of Economic Research scored the recession as officially over in June, 2009).
As in so much else, Progressives hold an outdated conception of the debate over entitlements. They conceive it as the Left supporting generous entitlements for seniors and the poor with no questions asked, no obligations expected, versus the right supporting no safety net at all, let private charity handle it, and if some of the poor have to starve, and some of the sick suffer or die without health care, because private charity is inadequate, so be it.
DNC Chairwoman Debbie Wasserman Schultz described the Medicare reforms proposed by GOP Vice-Presidential nominee and House Budget Committee Chairman Paul Ryan (R-WI) as "literally a death trap for seniors." White House spokesman Jay Carney told reporters that Ryan's reforms would "change Medicare as we know it."
On May 24, 2012, Rick Ungar told the readers at Forbes.com that President Barack Obama "is the smallest government spender since Eisenhower." "[O]ur president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower," Ungar insisted.
President Obama started his Democratic Convention nomination acceptance speech with one overriding truth: “But when all is said and done – when you pick up that ballot to vote – you will face the clearest choice of any time in a generation. It will be a choice between two different paths for America. A choice between two fundamentally different visions for the future.”
The Big Picture Lesson of the 20th century was that capitalism works and socialism and communism don't. The rest of the world learned that lesson far better because they and their close neighbors suffered far more with the socialist and communist progeny of Saul Alinsky's first radical. But America should know better because it has enjoyed most the workers paradise of capitalism.
Calculated Deception. That is the central theme of the Obama campaign. Calculated Deception is the term I use for Obama's rhetorical practice of trying to take advantage of what he calculates the average person does not know, and his party-controlled, so-called mainstream media won't report. And that can be seen over and over in the Obama campaign.
When he was asking for our vote in 2008, then candidate Barack Obama famously promised the American people, "I can make a firm pledge. Under my plan no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."
Keynesian economics is the false vision of human action that says the way to promote economic recovery and renewed growth is through increased government spending, deficits and debt. If that sounds nuts, that's because it is.
With a second term for Obama, the world-leading America we have known and hoped to leave to our children will be gone. Last Friday's jobs report confirms that Obama is well on his way to transforming America into a third world country, with declining living standards and perpetual economic stagnation.
On June 14, President Obama announced his economic plan to finally bring economic recovery and growth to the U.S. in a much ballyhooed address in Cleveland. He threw down the gauntlet to Mitt Romney on the issue, saying "more than anything else, this election presents a choice between two fundamentally different visions of how to create strong sustained growth; how to pay down our long term debt; and most of all, how to generate good, middle-class jobs...."
What would you do if gangs of robbers roamed your neighborhood at night, breaking into your neighbors' houses and stealing their family jewels and life savings? You would arm yourself, and your family members of sufficient age, to defend your property. Or you would move to a safer neighborhood.
Obama campaign operative Rex Nutting surprised a lot of people with an article on the Wall Street Journal's MarketWatch website claiming that the "Obama Spending Binge Never Happened." Adding a new chapter to Aesop's Fables, Nutting fantasized that "under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s."
President Obama's most blatant first term abuses can be struck down by the check on Presidential power by an independent judiciary.