The President of Fantasyland


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“By almost every measure, we’re better off than we were when I took office. By almost every measure!” So said President Barack Obama recently on one of his latest fundraising trips, this one in Colorado.

Yet this is quite a strange statement, though conceited as it was and coming as it did on the heels of surveys that show his approval numbers in record-low territory, and a Quinnipiac poll that rated him the worst President since World War II. And rightly so, for one has only to look around to see there are problems aplenty.

Let’s start with the economy. How could the President even begin to imagine there’s been any meaningful recovery from the financial panic that struck as he took office? The numbers for the first quarter of 2014 show an economy that shrank by 3 percent. One more dismal quarter and we will officially be in a recession. But as any right-thinking economist will tell you, a true depression has been with us since 2008.

According to the latest stats, there are now more than 92 million Americans out of work, those who have given up looking for a job, even as the administration says the unemployment rate has fallen to 6.1 percent. How can they say such things? By not counting those 92 million unfortunate souls. By any measure the economy is a mess.

How about the porous (to put it mildly) southern border? As we speak, thousands of illegals from Mexico and Central America are flooding Texas, New Mexico, and Arizona, overwhelming an already weakened border patrol. Some 70 percent of agents are now trying to house and process the torrent of illegals, not secure the border from further encroachments. And Obama will not call out the military to assist.

Since October of last year, some 60,000, many of them unaccompanied children, have reached American soil, and Washington is expecting tens of thousands more, with no end in sight. According to reports, some 95 percent of these illegals expected to receive “permisos” upon their arrival. Yet we hear from the administration that the “border is secure” and is more secure than it has ever been. Do they think we are that stupid? And do they think we have not figured out that this is Obama’s own doing? Continue reading

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Prosperity in the Hands of Fools


The richest and wisest man who ever lived, Solomon, counseled us in the Book of Proverbs that “the prosperity of fools will destroy them.” Notice that Solomon did not say prosperity will ruin anyone, but the fool only.  So his wisdom is simple:  If you have wealth, don’t be a fool with it and you will remain prosperous.  If you want wealth, remain wise and not foolish and you will gain it, and hopefully keep it.

Now let us look at that foolish institution called the United States government.

Our great country grew from a late 18th century economic joke into the world’s super economy in a little more than a century, with much of the phenomenal growth coming in a 50-year period from 1865 until World War I.  Using wise policies the United States led the globe in every conceivable economic category as the 20th century began, and all because of free market capitalism.  The government was largely absent. Continue reading

Jeffersonian Solutions for America’s Problems


The United States faces an abundance of problems, a weak economy, an abundance of public expenditures, out of control entitlements, and an over-expansive foreign policy, to name a few. These issues are getting worse, not better, with no end in sight. In recent decades, politicians of nearly every conceivable stripe have offered solutions, all to no avail. The only real solution to America’s woes is a return to Jeffersonian principles.

Grover Cleveland, Theodore Roosevelt, and D.R. Francis standing on a porch circa 1903. Courtesy of the POTUS Flickr archive.

Since the days of Grover Cleveland, who ended the harsh Panic of 1893 in less than a full term in office, the federal government has used Keynesian economic theory, or intervention, to fight every economic downturn. The results have been less than spectacular. What began as a severe recession in 1929 became the “Great Depression,” the worst economic calamity in American history. Many people will be surprised to learn that the Great Depression came after the government stepped in with its bag of tricks. It did not end until the latter half of the 1940s.

After the Panic of 2008, the government bailed out Wall Street to the tune of $700 billion. In 2009, the Obama administration kicked in another $800 billion in a stimulus designed to jump-start the sagging economy. A total of $1.5 trillion in stimulus money has been apportioned. The economy is still in a state of mild depression with a net job loss during the Obama presidency. Continue reading