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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

 
Commentary Of The Month
June 26, 2014
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TRANSFERING WEALTH

By Michael Snyder

Our founders wanted a country where private property was respected and hard work was rewarded. They wanted a country where freedom and liberty were maximized and where ordinary people had the power to pursue their dreams and build better lives for their families.  The experiment that our founders originally set up worked beyond their wildest dreams.  But now we are killing it. 

Most people are under the illusion that the United States has a "capitalist economy," but that simply is not accurate.  At best, we have a "mixed economy" that is becoming a little bit more socialist with each passing day.  We pay dozens of different types of taxes each year, and some Americans actually end up giving more of their earnings to the government than they keep themselves.  But that is still not enough, and so our state governments have accumulated astounding amounts of debt, and our federal government has amassed the largest single debt that the world has ever seen. 

So what do our government officials do with all of this money? Well, today approximately 70 percent of all federal government activity involves taking money from some Americans and giving it to other Americans. Despite this unprecedented wealth redistribution program, poverty is absolutely exploding in this country and 49 million Americans are dealing with food insecurity. Meanwhile, the bankers have been getting fabulously wealthy from all of this debt.  In fact, the U.S. national debt is now more than 5000 times larger than it was when the Federal Reserve was first created a little more than 100 years ago.
Vladimir Lenin once said that "without big banks, socialism would be impossible." While there may be a bit of animosity between big government and big banks once in a while, the truth is that they are usually very closely tied to one another.  We saw this close relationship very clearly during the financial crisis of 2008, and it is no secret that there is a revolving door between the boardrooms of Wall Street and the halls of power in Washington.