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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Best of Bill Buckler
October 19, 2011
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“ARE YOU BETTER OFF THAN YOU WERE FOUR YEARS AGO?

On October 28, 1980, the incumbent Jimmy Carter and his opponent Republican Ronald Reagan squared off in the second of two televised debates. Mr Carter had refused to participate in the first debate which ended up as a match between “independent” candidate John Anderson and Mr Reagan. Mr Carter finally did agree to appear in the second debate after it had been postponed once and after the Reagan team agreed to his demand that Mr Anderson NOT take part.

The debate took place less than a week before election day. Up to that point, the result had been seen by most pundits as being very close if not too close to call. That all changed, drastically, when Mr Reagan asked one simple question during his closing remarks. “Next Tuesday all of you will ...make a decision. I think ... it might be well if you would ask yourself - are you better off than you were four years ago?” That’s all it took. Within a week, a close campaign had become a landslide victory for Mr Reagan.

I’m The Underdog!:

At present, the next presidential election is not less than a week away, it is a bit more than a year away. No matter, on October 3, President Obama appeared live in a CBS TV interview. During the show, he called himself the “underdog” in 2012, saying that the US economy is a drag on his re-election prospects. Mr Obama went on to freely admit that the American people are NOT better off than they were four years ago. He could do little else and retain any credibility whatsoever.

In 1980, Mr Reagan’s prescription for a recovery from recession was exactly the same as FDR’s had been in 1932, a smaller and less intrusive government. But while FDR had no intention of delivering what he was promising, Mr Reagan did. In 1933, FDR had a supine Democrat Congress which supported him to the hilt. He got precisely what he wanted. In 1981, Ronald Reagan had an anything but supine Democrat
Congress who opposed him every inch of the way. As things turned out, Mr Reagan got his tax cuts but didn’t get his budget cuts. The rest is the history which the US is suffering from today. When Mr Reagan was elected in 1980 the US government’s funded debt was about $900 Billion. When he left office in 1988, it had tripled to $US 2.85 TRILLION. By the end of 2011 - it will be $US 15 TRILLION - or more.

Four Years - Or Forty Years?:

In the 190 years between 1789 and 1970, the US government ran up $US 400 Billion in funded debts. Nearly 70 percent of that was accumulated during wars authorised by Congress. Since 1970, the US government has run up about $US 14,500 Billion in funded debts, none of it borrowed to fund a war authorised by Congress. If something cannot go on forever, it will stop. When will it stop? When one of two points is reached. It will stop when it becomes too obvious to ignore any longer that piling new debt on top of old makes the problem worse, not better. Or it will stop when the US government can find no buyer for its new debt paper other than its central bank, the Fed. Either way, it will stop.

Mr Obama calls himself an “underdog” in next year’s election because the economy has not been

performing during his tenure in office. It is true that Mr Obama has presided over - by far - the biggest government spending binge in history. But the performance of the US economy did not start declining in 2009. It has not been performing for four DECADES. The reason is very simple. It has been forty years since the last shred of fiscal discipline was removed from the US government.

 

.Ó 2009 – The Privateer

http://www.the-privateer.com

capt@the-privateer.com

(reproduced with permission)

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