Capitalism made America an economic superpower and the economic engine of the world. Capitalism gave us a high standard of living that became the envy of the world. Because of capitalism and our constitution, everybody wants to come here. Only free market capitalism can provide a high standard of living for a large number of people.
“The only case in which the masses escape blinding poverty, the only case in recorded history is where they have had capitalism and free trade. History is clear that there is no alternative way of improving the lot of ordinary people that can hold a candle to the productive activities that are unleashed by free enterprise capitalism”. – Milton Friedman, Nobel prize winning economist.
Like all institutions that made America great, capitalism it is under assault by socialists who hate America’s founding principles, hate our success, hate our freedoms, hate our military, hate our religions, hate our guns, hate us, and hate our constitution.
It must be understood that there’s a significant difference between free market capitalism and crony capitalism (also known as “crapitalism”) that’s practiced by both Democrats and Republicans. In his documentary “Capitalism: A Love Story” liberal buffoon Michael Moore attempts to discredit free market capitalism by confusing the viewer with crony capitalism. Perhaps Michael doesn’t know the difference between Capitalism and Crapitalism.
Crony capitalism is where government picks the corporate winners and losers by providing government loans, subsidies, contracts, relaxed regulations, special tax benefits and taxpayer bailouts. The winners are chosen based on what they can provide for the incumbents, or what favors may be owed. If true capitalism were applied to the Wall Street bankers they would have gone belly-up rather than be bailed out with borrowed money that will make debt slaves out of your grandchildren.
Iceland was facing a similar banking crisis. Rather than listen to the hype about dire consequences if the banks failed, they let them go under rather than bail them out. Iceland gave the boot to their incompetent bankers and sent them packing. They didn’t waste their precious capital bailing out fools. True capitalism weeds out the incompetent. It doesn’t suffer fools under any circumstances. Their economy is recovering nicely.
General Motors is a prime example of crony capitalism. General Motors filed for bankruptcy and was planning to re-organize and relieve itself of the outrageous and unsustainable benefits demanded by the unions. Then comes Barry Obama with a bailout offer, and the fools at GM accepted it. They were fearful that nobody would buy a car made by a company that filed bankruptcy. General Motors is an American icon, nothing is more American than apple pie and Chevrolet. If they delivered a quality product at a competitive price the consumers could care less. Barry didn’t bail out GM, he bailed out the unions, one of his favorite entities. Roger Moore, a former president of GM was asked what the biggest problem was at GM. “The biggest problem at GM is paying for time not worked.”
Barry’s bail out kept the unions in control. Romney was right. GM should have been left alone to suffer the consequences of free market capitalism and re-organized under the bankruptcy laws to shed itself from unsustainable union obligations. GM is structured to fail without continuous taxpayer bailouts, and the corporation is not doing well. Contrary to the spin and hype, the loans have not been repaid and consumers are skeptical about buying a car from Obama’s Government Motors. The Chevy VOLT assembly plant has shut down because consumers didn’t want an expensive and complicated electric car that only went 40 miles on the battery. In keeping with true crony capitalism the Pentagon is buying up the remaining inventory.
Here’s how free market capitalism works. A guy comes up with a great invention he built in his garage. The capitalists, those with money to invest, recognize the potential of the invention and agree to finance it and get it into production for a share of the profits. The company grows and employs hundreds, or even thousands of people for a good wage and benefits. The board of directors and executive officers keep the corporation on sound footing by making good decisions and everybody lives happily ever after.
If the officers make bad decisions, or the product doesn’t sell and the corporation fails, the investors lose their money and the employees are out of work. If the government were to step in and bail it out, free market capitalism would suddenly become crapitalism.
The Democrats, the White House, and the media constantly attempt to discredit Romney for his time at Bain Capital. Romney and Bain Capital put their own resources at risk to bail out companies that had the potential to be saved. They put their capital at risk when a guy had an idea for a nation wide office supply chain. Most investors were not impressed with the idea and passed him by. Bain took the risk, the company was successful, and Staples now employs thousands of people.
Compare this to Obama’s crony capitalism. Barry invests millions of taxpayer dollars into green energy companies that fail. Part of the loan agreement is that taxpayer money gets kicked back to Barry in the form of campaign contributions. Romney is vilified for risking his own money, while Barry is a media hero for risking the taxpayers money. The famous quote by Alfred E. Neuman of Mad Magazine is apropos for Obama. “What me worry?”
If you poll high school students and ask them if they prefer socialism or capitalism, most will respond that they like socialism. This is the result of 60 years of liberal indoctrination in our public school system. When they get to college they will be brainwashed on the evils of capitalism and the saving graces of socialism. They will be taught that free market capitalism is based on greed and self interest, and that the rich are exploiting the masses. That the free market is a zero sum game where if somebody is successful and makes money that it had to be taken from someone else. Socialism is billed as moral and virtuous because it eliminates the upper and lower classes, no one is rich and no one is poor, and we all work hard together and share everything.
So what’s so bad about socialism? It kills creativity, personal initiative and productivity. All the ingredients needed for a high standard of living. It destroys freedom because an all powerful central government is needed to
administer it. Socialism brings everyone down unless you are a government bureaucrat, while free market capitalism raises everyone up.
Our first Thanksgiving celebrated the free enterprise system. The Pilgrims starved under socialism and eventually figured out that a free market economy produced an abundance. The idea was for everybody to work together for the good of the community and share the fruits of their labor. The problem was that some worked extremely hard for the community, while others did very little. The slackers received the same benefits as those who worked hard, so why not let someone else do the work? The producers decided they were not going to work as hard to support those that didn’t want to produce. The result was near starvation. The producers decided they would work in their own self interest and take care of themselves rather than the community. The slackers were faced with a decision, start working to produce food, or starve. The slackers produced and the result was the first Thanksgiving.
The only thing missing from the story is an all powerful socialist government that takes from the producers and gives to the slackers in the name of social justice. It’s considered fair because everyone shares equally in scarcity and misery.
Nowadays, we have a government that takes from the producers in the form of taxation and gives it to the slackers. At the Democratic convention Obama stated that we are all in this together. Translated, that means Barry will steal from the producers to support the slackers. Socialism works for awhile until the producers cut back on production, or quit producing entirely and join the slackers, and everybody loses.
“The problem with socialism is that it eventually runs out of other peoples money.” – Margaret Thatcher, former prime minister of England.
“A government big enough to provide you with everything you want is a government big enough to take everything you have”
- Ronald Reagan
Ask the Russians how well socialism worked for them. People stood in long bread lines, stole fencing to keep warm in the winter, families were crammed into small apartments, washers and dryers were luxury items reserved for party members, and the nation suffered from acute alcoholism. Premier of Russia Vladmir Putin, warned Obama not to go near socialism, that it doesn’t work. Obama, being a narcissist and self proclaimed messiah believes he can make socialism work in America.
We all have dreams and aspirations. We want a good job to afford the technology of the day. A new car, home and a decent standard of living for our families. A person with a job can save and build a credit history and risk forming a business of their own and provide jobs for others if successful. Free market capitalism is not a zero sum game. It provides economic growth for everyone. Any dream or aspiration becomes possible with a free market economy and a free people.
“We have every right to dream heroic dreams, and after all why shouldn’t we believe in that. We are Americans.” – Ronald Reagan
The socialists, liberals, Marxists, communists and progressives that hate America have hijacked the Democratic Party and made it their own. By controlling a corrupt and compliant media they elected a socialist president that has utter contempt for this country. If the media were honest they would expose Obama for the fraud that he is. If the electorate knew what Obama and the Democratic Party have planned for this country they would never win another election. Forget what he says – watch what he does.
Obama’s plan for economic recovery is higher taxes, more deficit spending, more redistribution, bigger and more powerful government, continued restrictions on domestic energy production, more useless stimulus packages and more regulation. It’s socialism that won’t work now, won’t work tomorrow, and won’t work ever. The country faced a similar crisis after Jimmy Carter plunged the country into chaos after four years of socialism.
“Is there really any doubt at all what will happen if we let them win this November. Is there any doubt that they will raise our taxes, that they will send inflation into orbit again, that they will make government bigger than ever and deficits even worse, raise unemployment, cut back on our defense preparedness; and they will do it all in the name of compassion. It’s what they have done in the past.” – Ronald Reagan at the Republican National Convention.
” A recession is when your neighbor loses his job. A depression is when you lose yours. A recovery is when Jimmy Carter loses his.” – Ronald Reagan campaign speech in front of the Statue of Liberty. (Note: Reagan won with 44 states and flushed the peanut farmer from plains into political oblivion.)
Romney’s plan is to get back to free market capitalism. Reduce taxes for everybody to create jobs that create taxpayers. Reduce regulation and get government out of the way of people who want to produce. Shrink the size of government. Allow drilling for oil on federal lands to become energy independent. Cut corporate taxes that are the highest in the world.
“I would like to have a crusade today and I would like to lead that crusade, and it would be one to take the government off the backs of the great people of this country and turn you loose again to do the things that I know you can do so well, because you did them and made this country great”
- Ronald Reagan
Obama claims that free market capitalism is a failed policy of the past, yet it works every time it’s tried. Free enterprise capitalism only fails when the government meddles in it. There’s a huge amount of capital sitting on the sidelines waiting to invest in the American economy, but nobody want’s to invest with a socialist regime in the White House.
November 6, 2012, will tell us where we are in America. Have we reached the tipping point where more Americans embrace socialism than free market capitalism? Once the slackers have the majority vote and elect those who will steal from the producers, we will no longer have an America we recognize.
Obama is Jimmy Carter on steroids. His presidency is an obvious failure. If this were still a sane America we wouldn’t have to worry about the November election. We could run Daffy Duck or Forrest Gump and win the White House.