America has always been a land of boom and bust. It’s just part of the natural business cycle. But Obama and his socialist cabal have channeled Hoover and FDR, who turned an ordinary bust into The Great Depression with a toxic strategy of bigger government, more spending, more debt, expanded entitlements, more rules and regulations strangling business, higher minimum wages, more power to unions, and dramatically higher taxes to pay for this expansion of big government. Sound familiar? Simply add in "green energy" and this is the same toxic brew of the Obama game plan.
Interestingly, it's the same plan that has led Europe to the edge of the cliff as well. The EU is crumbling under the weight of suffocating debt. If you think Greece was bad, wait until you start hearing the news out of Spain, the "green energy" capital of Europe. 25% unemployment. 50% unemployment among young adults. Crushing corporate debt 6 times higher than Germany. Insolvent banks. Greece was child's play. Spain is the world's 12th biggest economy. As Spain crumbles, it will bring the EU to its knees later this summer. So I guess "green energy" didn't work, huh?
The question is, is Obama following this same toxic game plan out of leftist naiveté and ignorance? Afterall, Obama’s lifetime of business experience before taking up residence in the White House would not qualify him to run a Bronx bodega. Yet we made him CEO of the world’s biggest economy. Oops.
Or does Obama understand exactly what he's doing? Is Obama's goal to overwhelm the system with debt and entitlements, incite crisis, sow doubt about capitalism, redistribute the wealth of business owners (his political opposition), and force Americans to their knees begging for government to save them, thereby opening the door to big government socialism, or at the very least European-style Social Capitalism (a hybrid of socialism mixed with capitalism).
Does it really matter?
Here's where the story gets downright frightening. This time the results are going to be dramatically worse than 1929. This time we are facing The Greatest Depression ever.
Why? Because The Great Depression had NONE of problems and obligations we are now facing:
In 1929 America did not have $115 trillion in debt and unfunded liabilities.
In 1929, most of our states were not bankrupt, insolvent and dependent on the federal government to survive. Exhibit A is California (our Greece).
Wayne Allyn Root is known as "the Capitalist Evangelist." Wayne’s latest book is "The Power of RELENTLESS.” Wayne is a former Libertarian Vice Presidential nominee, bestselling author, international business speaker, serial entrepreneur and conservative media personality – appearing on over 5,000 interviews in the past five years. Wayne’s web site: ROOTforAmerica.com.