Volume III, Issue XXIV
Great Myths of the Obama Recession
The 'other' weekly news magazine finally gets it (sort of). They ask on their cover: "What Recovery?" They're admitting that the much touted 'recovery' just isn't there. What is interesting is that they still don't get a lot of the reasons.
So, here are some myths about the "Recovery" er, a... "Recession," if you will.
Myth #1. FDR Spent Us Out of the Depression. Obama will too.
First of all, I must offer the excellent work of Lawrence Reed:
Great Myths of the Great Depression [Click to Read] by Lawrence W. Reed
"President Herbert Hoover is mistakenly presented in standard history texts as a laissez-faire president, but he signed into law so many costly and foolish bills that one of Franklin Roosevelt’s top aides later said that “practically the whole New Deal was extrapolated from programs that Hoover started.”
"Americans voted for Franlin Roosevelt in 1932, expecting him to adhere to the Democratic Party platform, which called for less government spending and regulation." -- Lawrence W. Reed
The really frightening thing about history is how it repeats itself.
Myth #2. There is Nothing Special About America. We're Toast.
In light of the President's recent assertion that 'America is not a Christian Nation' I would like to offer Alvin Schmidt's book Under the Influence, How Christianity Changed the World. There are many legitimate arguments to be made about how Faith and Government should function together but a look at the principles that our Nation was founded upon will show a clear Judeo-Christian influence.
"If no other consideration had convinced me of the value of the Christian life, the Christlike work which the Church of all denominations in America has done during the last 35 years for the elevation of the black man would have made me a Christian." -- Booker T. Washington in 'Up from Slavery' (1901)
To those who would write off the American experiment at this point in history, I offer the observation that history says much of the intuitiveness and resilience of this unique people.
The REAL American Dream [click to read].
Myth #3. Growing Government will Grow the Economy.
Government, of itself, produces nothing. Every function of government requires the removal of resources from the productive sector of the economy. Certainly the provision of defense and the maintainence of infrastructure are reasonable and proper functions of government and serve the productive sector. Excessive regulatory structure and redistribution only serve to harm it.
The Recovery Myth [click to read].
Myth #4. Private Sector Growth Enriches CEO's and not Us.
Think about who really is invested in these companies. That's YOUR retirement money. Those 'obscene' profits are mostly retun on the investment of people like you.
Where the Jobs Are [click to read].
Myth #5. Barack Obama is a Great Unifier.
Wow, where do I begin? The man who told Eric Cantor to "sit down, shut up, I WON!!!" is hardly the voice of reconciliation he promised to be when elected. Here's a man who WANTS $5.00 a gallon gasoline and has said so. He has resisted America's efforts to produce our own energy. He says: "You can build a coal fired power plant if you want to... but you'll go bankrupt." (due to administration supported policies).
Why it Won't Fly [click to read].
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