We are looking down the barrel at a ten year Depression. And that is the best case scenario. Best Case.
Barack Obama and a blind, deaf and dumb Democrat Congress have sown the seeds of the destruction of the United States and they are waiting for those seeds to germinate.
Lots and lots of folks are aware of this and they are all screaming at the top of their lungs. The Congressional Budget Office. Wall Street. The nation's leading and most respected economists. Historians. And a few politicians. And even a few in the media, mostly the financial media.
Make no mistake about it. The sky is falling. You are making the most important financial decisions of your entire life right now... whether you know it or not. The Dow dropped below 7,000 today and it will go much lower, possibly as low as 2,500. Unemployment will reach 15%. And the federal government will become technically insolvent, unable to meet its obligations or pay it's debt.
Three things will happen. First, taxes will rise on every single American, including those well below the poverty level to totally oppressive rates. Second, federal services will be cut to the bone, including medicare and social security. Finally, the government will forced to take extraordinary financial measures, either printing money without financial backing, reducing the dollar to a third world currency, or by simply defaulting on the debt, using our military power to demand restructure of debt from our creditors.
Can this be avoided? Only if the nation is totally committed to bringing our best minds and our unified political forces into solving this crisis. It will take the Democrats who control the government to actually take responsibility for their actions and bring back the fiscal responsibility they demanded, but never quite accomplished, during the Bush administration.
What is happening today is the equivalent of a thousand Hurricane Katrinas. The American people are trapped on the roves for their houses and the flood waters are rising. And the federal government's response is worse than anything during Katrina. Far from sending in troops or FEMA, the Obama/Reid/Pelosi team is pumping in more water and demanding no boats enter the rising flood. Help is not on the way.
First I believe President Obama wants to do the right things. He is not a bad man. He is naive and incompetent. He has no idea a crisis looms. He wants to reinvent America and wants to have a clear path to complete his social agenda. That would be all good, I would be the leader of his team, except there is a crisis. There are a hundred Hurricane Katrinas. The flood waters are rising. People are going to die.
So I watched MSNBC tonight and marvelled at Chris Matthews, Rachael Maddow and Keith Olbermann who decided in some sort of Machiavellian unison that the lead story on earth was Rush Limbaugh. Yep. Rush Limbaugh.
Aided by President Obama's Press Secretary Robert Gibbs, presumably with Barack Obama's approval, they made a radio talk show host the number one issue in America. The Dow has now robbed Americans of 60% of their life's savings and is crashing to deep depression levels and the most important thing on earth is Rush Limbaugh?
I feel like I'm watching Joseph Goebbels ramping up the crowds for Kristallnacht. And while Olbermann is deranged, he is no Geobbels, so a sort of an apology is in order. Demonizing Limbaugh is not the equivalent of demonizing the Jews. Olbermann isn't trying to start a race war or promote violence against conservative commentators. Well, except maybe Bill O'Reilly, but that's a whole 'nother story.
Still, you do have the leaders of the Democrat Party, many liberals (and progressives, what ever the hell they are), attempting, apparently successfully, to turn Limbaugh, rather than our failing economy, into the enemy. Since the Democrats are the ones actually destroying the economy, they really need this misdirection, this new enemy and the highly visible Limbaugh fits the bill. He's an easy target. And he is huge, in every sense of the word.
How long will this strategy work? Let's pray not long. Everyday that passes without real economic stimulus and every day that passes without real fiscal responsibility, the closer our nation moves toward the real Armageddon.
Rush Limbaugh? Are all Americans that stupid? I know for sure that Chris Matthews, Rachael Maddow and Keith Olbermann are. Robert Gibbs has played them like a fine violin. Otherwise they would cover the real news.