Let’s Discuss What Is at Stake in 2010
Victor J. Massad
Imagine you are the owner of a small grocery store in a big city. One day a well-dressed man comes to you with a proposition. “Pay me a percentage of your profits, and I will protect you from the crooks and vandals in the neighborhood.” You tell him you haven’t had any problems, so you decline his offer. The next day you arrive at your business to find it thoroughly plundered.
You summon the man who came to you the previous day, and he unsurprised at the rubble that once represented your business. “You should have listened to me,” he says, “I tried to warn you. I could have saved you from this.”
What do you do? Having invested your life’s savings and all of your acquired skills into your trade, do you simply pay the pirate and go on with your life? Do you close up the business and start all over again in some other line of work (and, if so, what’s to prevent the thug from coming back and shaking you down again)? Do you get together with others in your profession and fight back by pressuring law enforcement to crack down on the rackets? That’s not always an option. In many places, the racketeers and the law are on the same side.
Welcome to Obama’s America.
It isn’t the grocery store owners who are getting shaken down. It’s the energy producers, the fast food retailers, the soft drink manufacturers, the doctors, the health insurance providers, the tobacco manufacturers, the bankers, the car makers, the Internet service providers and many more. Over the past few years there has been virtually no industry in the USA that has been untouched by the thinly disguised thuggery in which Obama is the Godfather and Pelosi/Reid are the hatchet men.
It is no wonder that effective unemployment has reached 20 percent. Imagine you are a businessman in this environment. Even if you are not in one of the affected industries, do you think that the appetites of these socialist adventurers are going to be satisfied once they gobble up the current crop of victims? No way. For example, are you a meat packer? Be very afraid. The rationale justifying what they did to tobacco can easily be applied to you. Are you an Internet-based retailer? The threatened VAT tax puts a target on your back. Are you a pension holder? The unfunded liabilities in public pensions, Medicare and Social Security have already brought about proposals to confiscate 401K and IRA pension funds. It is becoming obvious to many taxpayers in the country that no resourceful, self-sufficient American is safe from this crowd.
So what do you do in this environment? Do you roll the dice and invest money into expanding your business, hiring full-time employees and expanding your capital?
Hardly. What you do is hoard. You convert your earnings into liquid assets that cannot be easily confiscated. You shore up your defenses to protect what you have accumulated in your life from those who would seek to forcibly take it from you.
This is precisely what businesses around the country have been doing in response to Obama administration policies. Obama is hands-down the greatest salesman of guns and gold in the history of human civilization.
By some estimates there is more than $2 trillion in domestic hoarded capital, hiding from
government bureaucrats. Many more trillions have been transferred offshore, outside the jurisdiction of the federal government. All of it is waiting for the end of one-party rule and the corruption that comes from unbridled power.
If the Republicans regain control of congress this November, there will be a stock market rally and economic boom the likes of which has not been witnessed in this country since the 1920’s. Buoyed by the prospect of a fiscally-disciplined government more interested in protecting the property rights of citizens than taking rights away, those who have been hoarding will want to get back in the game. The dollar will rally, gold prices will settle, employment will increase and there will be a renewed sense of vigor that comes to people when they seek and achieve goals rather than just trying to hang on to what they have.
This could very well benefit Obama the same way the election of the Republican congress in 1994 benefited Bill Clinton; and it might easily make it more difficult to defeat the Democrats in 2012.
The alternative scenario is scarier. The Democrats come up with a message that manages to fool enough of the electorate into voting for them. They hang on to thin majorities in both houses of congress. In this case, the “transformation” Obama had in mind for the USA will remain on track, and the Democrat agenda to bring the American standard of living to par with the rest of the world will proceed. It will mean a generation or more of high unemployment, lackluster economic growth, huge government debt, one economic “crisis” after another, and even greater wealth disparity between the rich and poor than we have today, as the middle class will consist mainly of government workers and employees in protected industries. Everyone else will be left out.
This is the Democrat vision – the “New Normal” they are already talking about.
I’d feel a lot better about things if the Republicans were more enthusiastic about reform. So far, the only group that seems interested in genuine reform is the Tea Party. Nonetheless, the nature of politics is such that we are often stuck with imperfect vessels. Now that we are heading out of the primary season and into the general election season, I would hope that all conservatives will restrain themselves from criticizing those they consider out of the mainstream, or too much in the mainstream, as the case may be. I would hope that all Republicans will refrain from politicking for or against the potential 2012 presidential nominees until after the November election. Most of all, I hope that people do not take a Republican victory in November for granted and allow complacency to set in during these last critical weeks running up to the election.
There simply is too much at stake this time. The essence of who we are as a nation has been under siege and this is the last stand.