Back in 2007 when I was speaking of the crash to come I noted that we really didn’t have to worry because our fearless and infallible leaders intuitively know the remedy.  When the bubble bursts they will blow up another bubble.

The absolute triumph of Keynesian economics in America and the West has never been more on display than during our rocky journey through the Great Recession.  An economic contraction which our leaders say is over and those of us who work and live in flyover country know is still grinding us down to the new normal.  TARP was going to save the economy.  It didn’t.  President Obama’s porkulus stimulus was going to save the economy.  It didn’t.  QE 1 and QE 2 were going to save the economy.  They didn’t. 

Then along comes QE 3 with an open ended commitment to pump 85 billion per month into the economy, and presto-changeo alakazam and miraculously the stock market is breaking new highs and the real estate market is beginning to revive.  Unemployment keeps inching down and even the Neocons over on Fox are telling us the cratered economy is showing signs of life.  It turns out if you magically create trillions of dollars and drop them from helicopters across the country there seems to be more money blowing in the wind.  As one very profitable prophet once said, “It doesn’t take a weatherman to know which way the wind blows.”

Hang on to your hats because a booming economy has to become part of the Obama legacy so that the transition to a centrally-controlled economy can ever be hailed as the prescription for success.  Just as the booming economy of the 90s is constantly brought up as “The prosperity we experienced during the Clinton years” so to if any politician ever attempts to restore economic freedom, or when there is another crash it can be blamed on too much regulation, a pathological fear of deficits, and return to the old days of greed and avarice.

Those of us old enough to remember the Clinton years should know that it was the peace dividend and the Tech Boom Bubble which fueled the prosperity of the 90s.  We should also remember that it was a phony peace dividend since our military was engaged in interventions around the world during Clinton’s depredations in the oval office.  We should also remember that the Tech Boom flew through the air with billions in stock values for companies that made no profit and eventually delivered not prosperity but the crash of 2000.

Our Constitution was not written to be not a living document that evolves over time.  The words were never meant to take on new meanings with every passing generation.  The accumulation of case law and judicial proclamations was not meant to supplant the written political contract that the Sovereign States individually decided to ratify.  However, contrary to the oft stated desires of the Founders of our nation and the Framers of the Constitution the United States has evolved into a behemoth bureaucracy.  In all bureaucracies instead of the best and the brightest rising to the top those who learn to pull the levers the best end up controlling the machine.  Often the official leaders are merely telegenic front men for the powers behind the throne.   The grifters who have gained power through elections filled with ineligible voters, outright fraud, gerrymandering, and a two party system where-in Progressives control both parties use the living document ruse to turn the Constitution into a dead letter.

Crony capitalism has replaced free enterprise.  Just watch the big gaming table at the New York Stock Exchange.  Its volatile swings are dictated not by innovation, profits or production they are instead moved by real or projected government actions.  Will the Fed keep creating money out of thin air?  Will the EPA impose Cap-N-Trade?  Will the imperial presidency use a foreign adventure to grasp more power?  The banks act as willing accomplices of the Fed borrowing money at 0% interest and buying Treasuries at 3% helping to maintain the fiction that we aren’t monetizing our debt and printing our way to prosperity.  The foreigners who used to crowd the treasury auctions know what is going on.  Today the biggest purchasers of American debt are American banks using the Fed’s funny money.

How many times must this Ponzi scheme economy show itself for what it is?  How many times must this self-serving Progressive cabal be exposed for the hypocritical central-planning neo-fascists that they are?  How many articles like this must be written before enough people wake up and do something?  We glory in the American Revolution.  It overthrew tyranny and established personal independence, individual freedom, and economic opportunity on a scale that had never before been seen in the world.  This is something worth celebrating.  However, the counter revolution has been in progress since Hamilton founded the first bank and John Adams threw his opponents in jail.  The cost of freedom is eternal vigilance, and today’s generation may be too busy watching the game to notice their country is being transformed into something they won’t recognize by the time they get up for their seventh inning stretch.

Any semblance of a freely functioning economy has vanished since Progressive leaders like FDR, LBJ, and BHO birthed government control and intervention as an 800 pound gorilla on steroids.  The mirage of false prosperity is once again raising its crowned head out of the sea of financial calamity it created with the last bubble.  A new bubble is forming and happy days will soon be here again with a chicken in every pot and a flat screen in every home.  How many of our fellow citizens will be swept up in the coming Obama Boom?  How many will be devastated when it all comes crashing down again?

The too-big-to-fail friends of the government will be made whole.  The perpetually re-elected and their handlers will have their golden parachute pensions and plush jobs on K-Street and at Fannie, Freddie, and crony filled board rooms across the country.  The only ones hurt will be those who do the real work, those who play by the rules.  When the new bubble blows up the remedy is ready made: we’ll just blow up another bubble.  How could this ever go wrong?  

Dr. Owens teaches History, Political Science, and Religion.  He is the Historian of the Future @ http://drrobertowens.com © 2013 Robert R. Owens drrobertowens@hotmail.com  Follow Dr. Robert Owens on Facebook or Twitter @ Drrobertowens / Edited by Dr. Rosalie Owens

 

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ALERT ALERT

Trump National Diversity Coalition's Bruce LeVell: President’s Support Among Blacks, Hispanics Will ‘More Than Double’ In 2020

Bruce LeVell, the National Diversity Coalition for Trump executive director, said on Sunday evening he predicts President Donald Trump will win even higher levels of support in the black and Hispanic communities in 2020 than he did in 2016.

“Pastor Darrell Scott is the CEO, we started this back in 2015,” LeVell said on Breitbart News Sunday on SiriusXM 125 the Patriot Channel on Sunday evening about the National Diversity Coalition for Trump. “It is the largest diversity coalition platform in history for a Republican candidate, not to mention a sitting president, and there are millions of guests that sign on and sign up that are part of this. If you look on the website, you see African Americans for Trump, Haitian Americans for Trump, Korean Americans for Trump, Chinese Americans for Trump, Hispanic Americans for Trump–all very large. They all stand in one agreement that they believe in this great president and that he is here for all and wants everyone to be successful. It’s pretty flattering, honestly, to be a part of this. It just totally debunks everything that they try to make him out to be–a racist, which he’s not. The numbers prove that he’s not. You can see where he’s rising in terms of the Hispanic vote, and the African American vote. It’s just really going to be mind-boggling on the next go-around. I guarantee it. It’s going to more than double because people are happy; they’re working.”

LeVell, when asked for his rationale on why he thinks Trump’s support in 2020 among blacks and Hispanics will more than double, attributed it to the results President Trump has gotten for those communities.

“Sometimes you have to speak things into existence,” LeVell said. “The president said, ‘What do you have to lose?’ That challenge, especially in the underserved communities, well, yeah, what do we have to lose? We tried it this way for 30 or 40 years. Some of these cities and municipalities were under Democrat rule, as you might say, for many years, and then you say, ‘You know what? Let’s make the ask.’ You know, the president made the ask. Sometimes, you just have to ask, ‘Hey, what do you got to lose? Try this.’ Let’s try one of the biggest, strongest bills that he’s signed, that was so beneficial, called the Opportunity Zones. This bill right here alone is bringing a lifeline to some of these underserved communities and is projected to bring in over hundreds of billions of dollars in these underserved communities, which are predominantly African American communities. For example, in Atlanta, there are minority business contractors teaming up with other business contractors building a hotel in an Opportunity Zone. This community has just been blighted for God knows how long. These are the things that people are starting to see–the light at the end of the tunnel. Here’s a businessman that understands what I call a balance sheet, a P & L sheet of profit and loss. The president wants to see the country profitable, not losses. So that’s what he does. He says, ‘Okay, where can we improve? What can we do?’”

He continued, “Like I said earlier, I think the Opportunity Zones is a sleeper; it has so many moving parts to it where you can sell a piece of property for $2 million and instead of paying that very high capital gains [tax] you can identify those funds over the zone, and then, you can build another little hotel or a shopping center for economic empowerment for that community. So there’s so many initiatives out there for people of color, like myself, who see opportunities. You know, how about this? You live in a black community under the Trump administration, you walk down the street and say, ‘Wow, 98 percent who live in the community are African American,’ and you say, ‘Why don’t you build that grocery store? Why don’t you build that gas station?’ Wow, you’re right. I can. The programs that are out there, like in the Small Business Administration, you get as little as five or ten percent down, and they can maturize it to 30 years, and if you’re a veteran, they waive the fees. There are so many tools out there, and you saw the president when he adjusted Dodd-Frank last year; that was a terrible, terrible deal they did in 2009 and 2010 that literally almost just choked and killed the business community because of the Dodd-Frank, going in there and regulating these small community banks, which were life support for these small communities especially in the African American community, where he readjusted that last year and made it work. These are the things this president understands that as a businessman he can bring his lifelong talents to the White House and can help America. The biggest thing about this is, remember, the president is not beholden to any special interest group; this is a very key part of this conversation right here because he can go in there and govern without having to worry about paying back favors.”

According to NBC News analysis in the immediate aftermath of the 2016 election, Trump actually outperformed now-Sen. Mitt Romney (R-UT)–then the former governor of Massachusetts–in the 2012 election when it came to both the black and Hispanic communities.

“Trump claimed 29 percent of the Hispanic vote on Tuesday, compared to Romney’s 27 percent in 2012,” NBC News wrote. “With blacks, exit polls show Trump claimed 8 percent of the vote to the previous Republican nominee’s 6 percent.”

If Trump is able to double support in the black and Hispanic communities in 2020, as LeVell predicts he will, no Democrat will stand even close to a chance of defeating him; the margins they would need for victories in a number of states would be significantly eroded. Perhaps that is why the Democrats are now attempting to paint Trump as a racist amid his battle with the so-called “Squad” of socialist Reps. Alexandria Ocasi0-Cortez (D-NY), Ayanna Pressley (D-MA), Ilhan Omar (D-MN), and Rashida Tlaib (D-MI). The new faces of the Democrat Party, the “Squad,” in other words, is worried they may lose the election in 2020 if LeVell and other Trump backers are right. But the scurrilous accusations of racism for quick political gains, which have also been leveled at House Speaker Nancy Pelosi and former Vice President Joe Biden in recent weeks, LeVell warns, may undermine the ability to stand up to actual racism where it exists.

“At first, it was kind of bizarre,” LeVell, who knows Trump well and has known him prior to his run for president, said of the false racism accusations. “Now, it’s just plainly un-American. It’s so anti-patriotic. You know, the interesting thing about it for me as a black conservative or Republican–I like to define myself as a Frederick Douglass Republican–most of the name-calling comes from people who actually look like me, 90 percent of it. It’s bizarre, and it’s because our thinking process is not lining up with theirs. It’s the only playbook they have, like I said earlier, which is, ‘Let’s just use the race card.’

LeVell went on to say, “Getting back to the president, I’ve been around him–I was just with him at the rally–in very intimate settings, behind the scenes at the rally, and you’re right: I’ve traveled with him, been on the plane with him. I’ve been in private meetings with him. I’ve talked with him, and you know–let me tell you something: I’m 55 years old, I’ve lived my whole life in the South, and I’m world-traveled. Let me tell you: I know racism when I see it. This man is nowhere near being a racist. It’s so sad because it does such a disservice to this great nation that they would throw that name and throw those words around. I mean, you have people calling Biden racist. They’re calling Pelosi racist. They’re calling the dog-catcher racist because he impounded the black dog instead of the white dog. Come on. What’s next? You know, it’s kind of sad because it’s pretty much watered down things that are legitimate, to where people are just going to get so numb with it, and people are just being like, ‘Wow, are you serious?’”

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