Record-setting numbers of Americans are raiding their retirement accounts just to survive. Student loan debt is a disaster - with defaults up 36% from a year ago. Homelessness is at record levels in New York City and other urban areas. 16.4 million Americans live in poverty…in the suburbs.
Almost 50 million are on food stamps. 14 million are on disability (the next handout after unemployment runs out). Millions more are on welfare, unemployment, housing allowances, aid to dependent children, and 100 other government hand-outs. Now, add in "free" healthcare. And then there's 22 million government employees whose bloated salaries, free healthcare, and obscene pensions are a gigantic liability for taxpayers- sucking the life out of the economy.
The few jobs being created are McNugget jobs with minimum wages, no benefits, and no job security. It’s now an Obamacare economy with jobs that no one wants.
The politicians’ response?
Obama disbanded his Jobs Council. Really.
Homeland Security bought 2 billion hollow-point bullets. Are these to protect the government from its own citizens when the economy collapses?
New York Mayor Bloomberg passed laws to ban large soft drinks.
And the federal government awards grants to researchers to study why lesbians are fat.
I wish I was joking.
But I say: "Don’t get mad, get even.” It’s time to put together your own “Booming Personal Economy,” which doesn’t depend on the federal government to magically provide you breakfast, lunch and dinner (not to mention free health care and a carefree retirement). The government will run out of money long before we retire – so make sure you don't.
As I explain in my brand new book, The Ultimate Obama Survival Guide, a Booming Personal Economy is what you create by seeing and seizing opportunity, where others see only misery and challenge. It’s what happens when you are dedicated to making lemonade out of lemons. And you’re in luck – because Obama is a lemon.
We’ve got no choice but to make lemonade – there is no other option.
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.