Nothing’s new
The (1929) Depression proved to be the “…unhappy confirmation of the heartless verities of supply and demand.”
But the New Deal failed in its central aim of restoring economic prosperity nationally and in the states, especially Washington state, called the soviet state of America ( for its progressive and soviet sympathies).
Who is the blame? Washington D.C. political policies or the irrationality of the public? After the bombing of Pearl Harbor, fear-driven irrationality was abundant.
Between 1941 and 1946, the government expended $378 billion and the federal debt increased fivefold to $260 billion for war production and financing. These war actions effectively wiped out unemployment; virtually every able-bodied adult was at work – but at what expense to future generations?
Fast forward to 2012 and the state of our Union. Spending and debt have NEVER decreased even though government cannot literally create jobs ( WWII inspired them).
Our Alinsky President tonight will NOT talk about anything new. He will not acknowledge the truism of the free market, a neutral ( and sometimes cruel) exchange for the buying and selling of goods and services ( if not abused by immoral greed). Spreading the wealth through government intervention will be his mantra. The only self-interest evident tonight will be Obama’s own re-election.
America’s path to perdition has been paved with debt since FDR’s first metaphorical footprint ( life for him being confined to a wheelchair). Our leader, Obama will stride ( head up and away from reality) down our decline.
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