Obama’s Plan To Destroy America Hatched at Columbia University, Says Classmate

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Hello, I’m Wayne Allyn Root for Personal Liberty. My new book, The Ultimate Obama Survival Guide, was released just days ago, hot off the presses. And timing is everything in life, because at this moment our economic survival is very much in question. Have you seen the latest numbers on jobs, workforce participation, retail sales and consumer confidence? One word sums it all up: disaster. Shouldn’t the American people have a right to know what our President’s real economic agenda is? Is he out to help us or hurt us? I have a story that sheds light on that life-or-death question.

President Barack Obama and I were college classmates at Columbia University, class of ’83. I know all too well how mindlessly radical and in many cases, anti-American and hostile to capitalism the leftist students and faculty of that institution can be, and Obama was certainly no exception. It is in this cesspool of intolerance that Obama and his Marxist cronies hatched a secret plan to destroy our country.

There are two things you need to know about Obama at Columbia University. First, he was pre-law and a political science major — just like me. I thought I knew everyone studying political science during my four years at Columbia. Not Obama. I never met him, never saw him, never even heard of him. Strange.

Same major, same career path and graduated on the same day. Where was he? Was he busy attending communist party meetings? No need to guess. In his autobiography he proudly admits attending Socialist Party meetings at Cooper Union in downtown Manhattan. He also admits publicly in his own book to not wanting to meet or befriend anyone at Columbia who wasn’t black, Hispanic, gay or a Marxist professor — his words, in print. So it’s possible he was so busy attending communist meetings and trying to avoid guys like me (white, straight, patriotic) that our paths never crossed.

But it’s the second thing you really need to know about Obama at Columbia. He says he graduated class of ’83. Let’s give him the benefit of the doubt. I always have. Well, then, Obama had to attend the same political science classes as me. I can tell you, almost to a man, my classmates in the class of ’83 proudly called themselves Marxist, communist or socialist. They bragged of being “radical” like a badge of honor. They openly hated America, calling it racist. They hated capitalism and vowed to bring “the system down.”

In my class the typical Columbia political science student vowed to change America, bankrupt business owners and vaporize what they called “the white power structure.” For the most part these were children of wealth, given everything on a silver platter. Yet all they felt was anger and guilt. Their goal was to destroy their own fathers. They talked about it all day long.

So let me tell you a story that explains the anger, hate and radicalism. Back in 1981, I was sitting in a political science class. The President at the time was Ronald Reagan, a man reviled by the left just as viciously as any Republican is today. Suddenly, our lecture was interrupted by a door swinging open violently, whereupon a breathless fellow student raced into the room screaming: “The President has been shot! They’ve just assassinated President Reagan.”

Reagan was my hero. The news hit me like a ton of bricks. I instantly felt sick to my stomach and tears flowed down my cheeks. But it was the response of the rest of the class that I will remember for the rest of my life. They cheered. They clapped, they yelled, they high-fived and they whooped in sheer, unadulterated joy. My fellow classmates, the ones I was naïvely trying so hard to befriend despite their radical leftist views, were happy that my hero, President Ronald Reagan, was dead (or so they thought). They were celebrating what they thought was the assassination of America’s President. Incidentally, if Obama actually went to Columbia, he’d almost certainly have to have been in that class leading the cheers. Feel like you need a shower yet?

Lest you think I’m exaggerating, British leftists just celebrated and cheered upon hearing of the death of Margaret Thatcher only days ago. It was all over the news. Some Brits held parties celebrating her death. Nothing has changed.

But wait, the most frightening and eye-opening revelation is still to come. You see, political science students at Columbia were taught a detailed plan designed by two former Columbia professors named Richard Andrew Cloward and Frances Fox Piven to bring down “the system,” destroy capitalism and turn America into a socialist state. We discussed it in class, wrote about it and debated it outside class. It was a hot topic of discussion around the halls of Columbia for four years.

The plan was revolting, but brilliant. Cloward and Piven taught that America could be destroyed only from within. Only by overwhelming the system with debt, welfare and entitlements could capitalism and the American economy be destroyed. So the plan was to make a majority of Americans dependent on welfare, food stamps, disability, unemployment and entitlements of all kinds. Then, under the weight of the debt, the system would implode and the economy collapse, bankrupting business owners (i.e., conservative donors). Americans would be brought to their knees, begging for big government to save them. Voilà! You’d have a new system: a system based on fairness, equality and social justice. It’s called socialism.

Sound familiar?

Lo and behold, one of my classmates was elected as President. And it’s clear as a bell that he is using that plan right now to destroy America, capitalism and the U.S. economy right in front of our eyes. It’s the exact plan hatched at Columbia University in our college days — exact in every way.

Under Obama, 660,000 Americans dropped off the job rolls… just last month. Ninety million working-age, able-bodied Americans are no longer in the workforce. Almost 50 million Americans are on food stamps (20 percent of all eligible adults). Fourteen million are on disability. Millions more are on welfare, unemployment and so many different categories of entitlements that my head is spinning. Now, add in free healthcare, plus 22 million government employees. Record-setting numbers of Americans are emptying their retirement accounts to survive. Student loan debt is a national disaster — with defaults up 36 percent from a year ago. Some 16.4 million Americans live in poverty… in the suburbs.

Liberals joked about Sarah Palin seeing Russia from her home in Alaska. Well, I’m betting Obama sees Cloward and Piven from every window at the White House.

Remember the plan from Columbia? Overwhelm the system with debt. Obama promised to cut the deficit in half; instead, he gave us five consecutive trillion-dollar deficits. He promised to spend responsibly; instead, he now owns the title of “biggest spender in world history.” He called Bush’s $4 trillion in debt over eight years reckless, then proceeded to pile on $6 trillion in only four years. He added 6,118 new rules, regulations and mandates in just the past 90 days. He claimed taxes are low, yet he just raised taxes to the same level as bankrupt EU countries like Greece, Spain, Italy and France. Our Federal income taxes are now far higher than the former Soviet Republics’.

Now, I ask you: Does this sound like a man trying to “save” us? Folks, this is Cloward and Piven. This is Karl Marx, who despised the middle class and vowed to wipe it out. This is Saul Alinsky (Obama’s mentor) who dedicated his book — Obama’s favorite book by the way — to Lucifer, the devil.

This is no accident; nor is it the work of an economically inept liberal. This is a purposeful plan to drown the nation in debt and hook a majority to government handouts, happening in front of our eyes. It’s crystal clear Obama’s plan was hatched in our college days at Columbia, class of ’83.

While I never met Obama at Columbia, I can certainly put him at the scene of the crime. He either went to Columbia, or he didn’t. If he didn’t, he’s a fraud. If he did, he knew the Cloward and Piven plan like the back of his hand. He studied it. And his goal — like almost all my classmates’ — was to use it to bring down the U.S. economy and destroy capitalism to create what they consider to be “equality, fairness and social justice.”

Why would anyone want to purposely collapse the economy you might ask? Alinsky taught the ends justify the means. A bankrupt America wipes out the middle class and small business. That wipes out the majority of donors to conservatives causes, meaning Obama has no opposition. It creates “equality” by putting everyone on equal footing (shared misery). It causes panic; and in panic, voters often make hasty decisions — like choosing big government to save them.

The destruction and devastation we see happening right now is the plan we learned, studied and discussed day and night at Columbia. This is the Marxist attack from within designed by Cloward and Piven. And it’s working. Obama has been working on his plan for 30 years (our 30th Columbia class reunion is next month).

Now it is time for us to get to work. It’s time for battle.

It all starts with the battle plan in my new book, The Ultimate Obama Survival Guide. America’s survival is in doubt, but yours doesn’t have to be. You have a duty to survive, to protect your assets, to save your family. You must create your own “booming personal economy,” no matter what Obama does to the American economy. Your mission is to survive, thrive and prosper despite Obama. I’ve got an 18-point plan called Y-PODS that empowers you to do that. Y-PODS stands for Your Personal Obama Defense Shield.

You can find my book, The Ultimate Obama Survival Guide, at Amazon.com, where it is already a best-seller. It hit No. 1 of all conservative books, No. 1 of all finance books and No. 28 of all 3 million books sold at Amazon before it ever came out. That is how frightened people are at what Obama is doing to America and our economy.

You can also find it at any major book seller such as Barnes & Noble, Costco or Sam’s Club. Or you can find more information in the box right under this article. Just look for the book cover of The Ultimate Obama Survival Guide to order your very own copy.

I’m Wayne Root for PersonalLiberty.com. See you next week. Same time, same place. God bless.

The Wisdom Of My Butcher Father

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Hello, I’m Wayne Allyn Root for Personal Liberty. My father, David Root, was a blue-collar butcher. But he was wise beyond his economic status in life. His wisdom of 40 years ago is still timely and points to the reasons for our economic crisis and decline today. An incident from a few days ago sums up everything wrong with the U.S. economy under Barack Obama.

Last Tuesday (April 2), voters across America went to the polls for local elections. My wife, Debra, was one of those voters. She drove to the polling place in her Cadillac Escalade — a big car that is necessary to drive our brood of four home-schooled kids (and often their friends) to lessons, hobbies and sports, as well as for lugging groceries and supplies for a family of six.

As Debra got out of the car, another pulled up and parked next to her, a small car. The driver got out, looked at her and, in an angry, mean-spirited, bitter way, commented: “What a big, expensive car. You must be here to vote Republican.” Sneering, he turned his back and walked away.

This little comment sums up everything wrong with America and the U.S. economy under Obama. This President has damaged the American dream, perhaps beyond repair. This President has created a bitterly divided society, a Nation filled with anger, hate, rage, jealousy and envy.

That man at the polling place never asked how hard my wife and I have worked for the past 22 years of marriage to afford that big car. He didn’t ask how many hours I’ve put in. He didn’t ask how much money I’ve risked to build my businesses (the answer is my entire life savings — again and again), how many jobs I’ve created or how many lives my success and wealth have enriched. It never occurred to him that the blue-collar autoworkers at Cadillac are mighty glad there are still Americans with the money to buy Escalades.

Forty years ago, my butcher father taught me lessons about wealth that led to my extraordinary success in this great country. He said: “Son, I’d love to hate rich people. But no one poor has ever given me a job.” Wiser words were never spoken.

Not only had a rich man given my dad his first job, but a rich man had invested the money for my dad to open his own butcher store. And it was rich customers who walked in the store to buy all his high-quality meat. It was rich customers who supported our family and paid our bills. It was all those rich customers who enabled my father to buy a home. And, he pointed out, it was those same rich customers who would someday write a letter of recommendation when his son applied for acceptance at Columbia University.

My dad was right about all of it. We lived the American dream. My dad went from minimum wage butcher to butcher store owner. I graduated valedictorian of my class, got those letters of recommendation from rich customers of my dad’s and graduated from Columbia University, class of ’83 (alongside my classmate, Obama).

As a kid holding my dad’s hand when an expensive car drove by, he made a point to say: “Son, that will be you someday.” Every step of the way my butcher father taught me that people earn their wealth, deserve their success. He told me to be inspired by seeing wealthy people, their big homes and their big cars. To study them, model them and out-work them. And, if I did all that, then one day I could become one of them — in America, the greatest country in the world. He was right.

Today, that same blue-collar father says to his son: “Look at that expensive car. Why does he deserve that? Who did he take advantage of to get it? I’ll bet he’s a greedy Republican not paying his ‘fair share.’”

That change in attitude explains why the U.S. economy is in decline and why the jobs numbers continue to unravel. It explains why 90 million working-age Americans are out of the workforce. It explains why things are getting worse, not better. Capitalism is what made America great. You can only create more jobs by creating more opportunity, by supporting entrepreneurship, by creating more rich people — not by tearing them down, overwhelming them with taxes and regulations or asking government to redistribute their money. Obama’s philosophy is a massive failure and a great, big jobs killer. The facts are in.

Thank you, Dad, for your wisdom.

I’m Wayne Allyn Root for PersonalLiberty.com. See you next week right back here. God bless capitalism, and God bless America.

What If George W. Bush Were President?

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I’m Wayne Allyn Root for PersonalLiberty.com. And what a story I have to tell you today. As John Lennon might say, “Imagine with me.”

Imagine if George W. Bush (a Republican conservative) were presiding over 89 million able-bodied, working-age Americans who were not working, what would the media be saying, with a U6 unemployment rate (the government’s most accurate measurement of joblessness) at 14.3 percent? Would the media quote the lower, but far less accurate and far more favorable, rate of 7.7 percent and declare that “things are improving?” What if the Labor Force Participation Rate was the lowest for men since 1948, when record-keeping first began? Would the media trumpet a “recovery?” Never in a million years.

Imagine if a Republican like Bush were President, would the media quote the 7.7 percent rate but ignore the underlying numbers of 13.8 percent unemployment among black Americans or 25.1 percent among teens?

Imagine if a white Republican President were presiding over 13.8 percent black unemployment versus 6.8 percent white unemployment, what would Al Sharpton, Jesse Jackson, (U.S. Senator) Barack Obama and other black leaders be screaming? Would they be leading a “million man march” on Washington, D.C.? Of course they would. Would black leaders blame this all on racism and in particular a racist white Republican President? Of course they would. Would they blame it all on conservative economic policies? Of course they would. Yet with a black President following big-tax, big-spend, big-entitlement, big-government policies, we hear not a word of anger or blame — and, of course, no mention of racism.

If a Republican were President while homelessness reached the highest levels in New York City since the 1929 Great Depression, what would Obama’s Marxist buddy Van Jones say? Would he blame it on low tax rates that favor “the rich?” Of course he would. Homelessness and poverty are now at all-time highs at a time of high tax rates and massive government spending. So why isn’t Jones blaming high taxes and big government for record-setting poverty? Because Marxists don’t blame Marxism.

If a Republican President like Bush presided over the biggest drop in disposable income for America’s workers in 54 years (since record-keeping began in 1959), what would the media say? Would they call the Republican President a dummy? An idiot? Out of touch? Would they make jokes about his incompetence and ignorance on “Saturday Night Live?” You’re damn right they would.

If a Republican President presided over an unimaginable 14.4 million Americans living in poverty in the suburbs, what would the media be saying? Who quoted this figure? The liberal Brookings Institute did last week. Poverty under Obama is exploding in the rich suburbs.

If a pro-business Republican President presided over record numbers of suicides at the same time we were suffering the worst economic crisis since 1929, would the media blame the suicide rate on “harsh pro-business conservative economic policies?” You could bet a million dollars on it. Yet today they say nothing because their American idol, Obama, is President.

If a Republican President presided over a country with almost 50 million people on food stamps, what would the champions of “the war on poverty” say? That’s 20 percent of every eligible American adult getting a food stamp check. Compared to the “war on poverty,” the Vietnam War was the biggest success in the history of war.

If a pro-business, pro-oil drilling Republican presided over the doubling of gas prices, what would Democrats say? Would they say he’s in cahoots with Big Oil against the interests of the American people? They already said it with Bush as President; yet with Obama as President and oil prices doubling, there are no protests, no marches. There’s not a peep out of the left or consumer advocates.

If food and gas prices both went up dramatically under a Republican President yet he claimed there was no sign of inflation, would liberals be up in arms and call the President a liar? Would they say the middle class is under attack? You can bet on it. Yet under Obama, not a word is mentioned.

If a Republican President nominated a man for Treasury Secretary who held his money in the Cayman Islands in a building liberals called “the world’s biggest tax scam,” what would Senator Harry Reid say? We already know how Senator Reid viciously attacked Mitt Romney for the sin of having Cayman investments. Yet we hear stone silence from Reid and Democrats about Obama’s choice for Treasury Secretary, Jack Lew.

What if a Republican President sold guns to Mexican drug cartels that were then used to kill 300 Mexicans plus a U.S. border agent? What would the Democrat-controlled Senate demand a Watergate-like investigation? You can bet on it.

What if a Republican President refused higher security for a U.S. ambassador and then, upon hearing he was under attack, refused to allow a rescue attempt and then left for the night and went to sleep? Would the media have a problem with the image of a Republican President sleeping while our ambassador and three American heroes were slaughtered, while waiting for help that never came? Somehow I think Geraldo Rivera would be up in arms.

What if a Republican President named Bush was presiding over historic numbers of college graduates in default on student loans and record numbers of middle-aged Americans raiding their retirement accounts out of desperation to survive? Do you think the media would blame the President?

What if in the middle of the worst economic crisis since the Great Depression, a Republican President closed down his jobs council? That’s too much to believe, right? The media would call him a rich, elitist, out-of-touch fool. He’d be lampooned in newspaper cartoons and skewered on “Saturday Night Live.” Yet Obama did just that in January, and the media was silent.

What if a Republican President in this economy with all the miserable stats that I just quoted with Americans in pain and suffering played golf with Tiger Woods at a luxury resort all weekend and refused media access while his wife hung out in Aspen, Colo., wearing designer dresses, spending billions of taxpayer dollars on non-stop vacations and all the security that goes with them, staying at Ritz Carltons and hanging out in Hawaii and Europe? What would the media say? What if the Vice President spent more than $400,000 per night of taxpayer money while in Paris and London while our soldiers die in Afghanistan? What would the media say?

Lastly, what if a Republican President like Bush promised to cut the deficit in half in his first term, but instead increased it by more than 50 percent? What if that same President promised to cut healthcare premiums by $2,500 per family in his first term, but instead the premiums increased by $3,065 per family. The media would be in a feeding frenzy. So would Democrat politicians. So would poor Americans. But with Obama in charge, there’s nothing. The silence is deafening.

The man we have occupying the White House is either a joke; the biggest incompetent, ignorant fool to ever serve as our President; or a radical Marxist purposely trying to overwhelm the system with debt, spending and entitlements in order to destroy America, kill the American dream and wreck capitalism for good.

Over the coming weeks, in a multipart series, I’ll explain exactly what is happening and why, how this is in fact a purposeful attempt to destroy this great country with a plan Obama learned at Columbia University as my classmate. Yes, folks, this is a purposeful plan, because no one could possibly be this stupid.

I’m Wayne Allyn Root for Personal Liberty. See you next week. Same time, same place. Let the fun begin.

Get Ready For Bank Runs

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The media was wrong in pronouncing the economic crisis over in Europe. They are wrong in America, too. The real economic indicators — the ones not based on fraud, propaganda, deception or delusion — prove that the economic crisis caused by too much government, too much spending, too much taxing, too many government regulations and too many government employees with obscene salaries and pensions is just beginning.

Get ready for bank runs, capital controls, theft of your pension funds, economic collapse and a government armed to the teeth that wants to disarm you: its citizens. Because what is happening now in Europe is a sign of things to come under Barack Obama.

The media has told us for months that “everything is fine in Europe, a recovery is under way, the worst is over.” Really? How’s that working out for you? The economic crisis and contagion in Europe that was supposedly “under control” are now spiraling out of control. There is desperation in the air. Fear and panic are everywhere.

Think I’m exaggerating? Well, don’t take my word for it. A major bank executive stated publicly last week: “Only Jesus can save the EU now.”

Bank runs might be a sign that things are deteriorating, don’t you think? Well, they started in Cyprus last week as it became clear that Cyprus was bankrupt, insolvent and out of options.

Just as I’ve predicted in dozens of commentaries over the past three years, a historic economic collapse is under way in the EU. The media and world leaders denied it, but it’s getting worse by the day. Do you think this can’t happen in the United States under Obama? Think again.

Over the past three years in Europe we’ve heard political and leaders and economic experts recite the same lies over and over again: telling us to relax, government is smarter than you and we have it all under control. Recognize that theme? It’s the same theme we hear daily from Obama, his socialist lackeys and the Obama-adoring media here in the U.S. It’s how you keep the masses calm and prevent unrest, rioting and bank runs.

Well, the Cyprus crisis proves that the worst isn’t over; it’s actually just beginning.

More importantly, you need to understand how the EU “solved” the Cyprus crisis: by stealing the money out of the citizens’ personal bank accounts. The final decision is in. EU authorities are freezing any funds above 100,000 euros in personal bank accounts and stealing up to 40 percent to pay for the bailout.

But worst of all, this is now the model for what’s to come all around the globe. It was announced just yesterday that this is exactly how the EU will bail out Italy, Spain and France, too: by stealing money directly out of citizens’ bank accounts.

Well, I have news for the EU’s financial geniuses. They haven’t solved anything. This news will start a banking crisis. The falling dominoes will now accelerate. Tell me what sane citizen would keep more than 100,000 euros in his accounts any longer? Which means, starting at this moment, the wealthy of Europe are removing all their money from their bank accounts. And if no one has more than 100,000 euros in their bank accounts anymore, then the only choice for the next bailout will be raiding smaller bank accounts of average citizens — which was the original plan anyway.

Guess what this does to the EU banking system? There will be panic, uncertainty and loss of confidence. Your money is certainly no longer safe in a bank account. Guess how the first Great Depression started? Exactly how this one is starting: with bank runs and loss of confidence in the banking system. And if bank runs spread throughout Europe, you can be sure the United States is next, as American bank account holders realize that our money is no longer safe from theft by government in a crisis.

The Signs Of An EU Economic Collapse Are Everywhere

While the EU seizes bank accounts from citizens in Cyprus, Spain has already stolen the pensions of its citizens.

Formerly respectable professionals in Spain and Greece are eating out of dumpsters.

In Bulgaria citizens are so desperate they are setting themselves on fire.

In Greece there is no money to heat homes, forcing desperate residents go out into the night to cut down trees in parks and national forests to use as firewood.

We recently found out that Italy’s economic situation may be even worse off than pathetic, completely bankrupt Portugal.

In Italy buses return to the station because there is no money to pay for gasoline.

The Jobs Minister of France publicly slipped and called the country “completely bankrupt.”

Why is this not front-page news in the United States? Because the Obama-adoring media doesn’t want you to make the connection that Obama’s policies mirror the exact same policies that destroyed the EU: big government, big debt, big spending, big taxes, big unions, big pensions, big entitlements, early retirement, free healthcare, green energy and high-speed rail.

The EU is the canary in the coal mine. Europe’s economic collapse proves that if everyone actually believes they deserve something for “nothing,” and everyone either works for government or gets checks from government, and everyone thinks it is their right to have free healthcare, eventually the economy collapses and the country (or in this case, the continent) goes kaput. Eventually, everyone lives in shared misery and malaise.

We will be reading about this disaster in the history books decades from now, shaking our heads, saying: “How could we have been this stupid to think that government had the answer or that government was too big to fail or that there was such a thing as a free lunch?”

Now to put this all in perspective, the EU is America’s No. 1 trade partner, meaning our best customer is about to go broke. That’s just another hit on our economy. Secondly, the EU banking system will require a massive, record-setting bailout. Guess who will be on the hook to give them trillions of taxpayer dollars? The United States. And third, the EU economic plan that led to this disaster is nothing more than the Obama economic plan. They are mirror images. The EU just started a couple of decades sooner with its financial suicide.

Up next: America. Because what happens in Europe doesn’t stay in Europe. It’s just a sneak peak at our future under Obama. Get ready for the bank runs. Get ready for a crisis that makes 2008 look like a walk in the park. I’m Wayne Allyn Root for PersonalLiberty. See you next week right back here. And may God bless America — because we will need all the help we can get!

Proof That Obama Is Stark Raving Mad

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Our government-run public education system is very bad — so bad that generations of Americans educated in public schools don’t recognize idiots, economic illiterates, Ponzi schemes, frauds or Marxists when they see them. So I’m going to educate the masses with very simple examples that even a sixth-grader can understand.

Let’s compare America to your household. That makes it very simple and easy to understand.

Let’s say you make $50,000 per year, and you owe $250,000 in debt. You’re in deep trouble, right? One way or another, you are headed for bankruptcy court in the future.

Then you receive a credit line in the mail for $250,000. Are you rich? Of course not. That new credit line or credit card is not “income.” It’s a loan — to be paid back at high interest rates. You didn’t just gain $250,000. You just added $250,000 to your debt. You still make $50,000, but instead of owing $250,000 in debt, you now owe $500,000. You think you’re “saved.” Actually, you’re twice as broke as before. Insanity.

That’s exactly what Barack Obama is doing to the U.S. economy. He added $6 trillion in debt in only four years to “save” us from a terrible economy. Well, he didn’t save anyone. He just put all of us into much deeper debt. This debt will destroy the lives of our children and grandchildren. And the economy isn’t even better. It’s in shambles. If interest rates go up in the future, the entire U.S. economy will be destroyed by the debt.

But there is one part of the economy thriving: the stock market. That keeps going up because Obama has guaranteed the richest fat cats on Wall Street profits by the billions — from you! Yes, you’re paying for the richest people on Wall Street to get rich. Obama is stealing $85 billion per month from the taxpayers — mostly the middle class — to buy bonds that no one else wants and to buy mortgages that no one else wants, which automatically makes the stock market go up. That $85 billion per month that the Fed is printing goes straight to the bottom line of the biggest companies publicly traded on Wall Street. They get rich. Their CEOs get rich. Their shareholders get rich. The banks and hedge funds get rich. And you’re stuck with the bill.

Once again, those trillions of dollars printed by the Fed to make the stock market go up so Obama can act like the economy is getting better are not riches; they are debt. They are loans that need to be paid back by you, your children and grandchildren. Insanity.

Even worse, can you imagine if the $250,000 credit line that came in the mail to “save” you, was issued by you? That’s exactly what’s happening under Obama. We are so broke, so indebted, so insolvent that no one wants to buy our bonds anymore. That’s why the United States, Europe and Japan buy 60 percent to 90 percent of their own bonds. Do you understand what this means? That’s like your being so broke, so in debt, that you lend yourself the money to pay the bills you can’t afford.

Can you imagine if you owned a bank and gave yourself a $250,000 loan that no one else would give you because you are unqualified to handle more debt? You’d be destroying your own future, plus your own bank. You didn’t “save” yourself or your bank. You killed two birds with one loan. Insanity.

How about Obama’s claim that he “saved” the auto industry. Once again, it’s a combination of pure fraud and pure delusion. He didn’t actually “save” anyone. He just grabbed about $100 billion from the taxpayers — that’s you — to redistribute to auto unions so their members could continue to get their obscene unsustainable pensions and then kick back $100 million or so to Obama’s Presidential campaign. It’s called “pay for play.” It’s fraud, and someone should go to prison.

And, of course, we now know that the loss to taxpayers is at least $25 billion and maybe much more. So whom did Obama “save?” I could save any industry in the country by stealing $25 billion from taxpayers and handing it to that industry. But the reality is: You’re out $25 billion, folks. That’s more debt for your kids. They’ll be paying the interest on that debt decades from now, and they didn’t even get a lousy car out of the deal. Insanity.

What if your creditors agreed to a deal to restructure your debt, and they offered you the following deal: You owe us $250,000 and you can’t pay it back, so we’ll raise it to $500,000 and we’ll all agree things look better. Well that’s the “fiscal cliff” deal folks. To solve a debt crisis, we added $4 trillion to the spending and debt, and the President and Congress declared it a victory. Insanity.

What if things got so bad that you finally agreed to cut spending to save your personal economy? So you cut $10 per week to try to repay your $250,000 debt. Well, that’s the sequester, folks. We cut a measly $80 billion out of a $3.5 trillion budget, with more than $16 trillion in debt. We accomplished nothing. Insanity.

What if you were out of work for two years, and you got so discouraged that you decided to stop looking for a job and spend the rest of your life living off food stamps and disability; but because you’re not looking for a job anymore, you no longer consider yourself unemployed? That’s exactly how Obama can claim the unemployment rate is “improving.” Insanity.

Finally, here’s the most bizarre example of all. You are broke. Out of money. You can’t pay your bills. You still owe $250,000. Collection agencies are calling day and night. But you love the Muslim Brotherhood of Egypt so much that you still write them a check for $25,000. That’s what Obama just did with your taxpayer money. Insanity.

I hope it’s all clear now. The U.S. economy is now best described as a combination of debt, fraud and delusion. And the CEO who runs it, President Barack Obama, is absolutely stark raving mad.

 

Rand Paul, American Hero

[youtube http://www.youtube.com/watch?v=QxGMzvJyhC0?rel=0&w=640&h=360]

 

Hugo Chavez just died, and many of us said “good riddance” to a tyrant who defrauded his own people, intimidated his political opposition and left his economy and country in disarray. Senator Rand Paul seemed to be reminding us: “Why would we want a tyrant in America, too?” That was the point of Paul’s nearly 13-hour filibuster on the U.S. Senate floor last week.

Yes, Barack Obama is cool and hip and fancies himself “a man of the people.” But with each hour Paul kept up his filibuster, you could feel Obama’s popularity melting away. Paul seemed to be saying: “Does it really matter if he’s hip if he wants to kill you, an American citizen, on American soil? Does it matter if he’s cool and the kind of guy you’d like to have a beer with, if he wants you dead without a trial?”

In the end, Paul won. Obama blinked. But Paul’s filibuster accomplished much more than forcing the President to admit he cannot kill Americans on American soil without a trial.

Paul proved the Tea Party is alive and well — and America’s best hope to stop Obama from shredding our Constitution and destroying the America we love.

Paul proved “the emperor has no clothes.” This was a big public embarrassment for Obama.

He made liberals, the American Civil Liberties Union and the media look foolish for never saying a word about something so important as our right not to be assassinated by our own President.

Paul showed people like John McCain and Lindsay Graham how a U.S. Senator in the opposition is supposed to act, how to stand up to the President while he violates our Constitution. And they sure felt embarrassed: See how they viciously attacked Paul after he showed them up.

And in 13 hours, Paul got out of his father Ron Paul’s very large shadow, became his own man and became a leading contender for President of the United States in 2016.

We must never forget that Rand Paul had to conduct a 13-hour filibuster and put a national spotlight on Obama and Attorney General Eric Holder before they were willing to publicly concede that they can’t kill Americans on American soil without ever hearing the charges, without ever facing your accusers, without hearing your rights, without a lawyer, without a trial.

Paul made Obama look like King George. And the President’s ratings not only collapsed, they’ve continued to go down ever since.

But I think this was about much more than drones. I think this was symbolic. Paul is a brilliant strategist. This was about Obama’s nonstop abuse of power, disregard for the U.S. Constitution and destruction of the U.S. economy.

Maybe this woke up the sleeping giant: the American people. Maybe this woke up Congress. Maybe this woke up the ACLU. Maybe this woke up the media. Hey, a guy can dream, can’t he?

In the future, I suggest a series of nonstop filibusters to shine a light on what Obama is doing to America.

Let’s filibuster until we find out what happened in Benghazi, Libya, to four American heroes that Obama allowed to die, without giving them the proper security before the attack or the proper rescue attempt during the attack.

Let’s filibuster until we find out why, if America is so broke we can’t afford White House tours or afford to keep illegal alien felons in prison, then how come we have hundreds of millions of dollars to spare for Muslim Brotherhood radicals in Egypt who hate America, want to destroy Israel and terrorize and murder Christians on a daily basis?

Let’s filibuster until we find out why Obama is so desperate about disarming Americans, banning our assault rifles and taxing our bullets, yet at the same time Obama’s Homeland Security is buying record quantities of assault rifles, armored vehicles and enough bullets for a 30-year war and building a private civilian army that answers only to Obama.

And perhaps most importantly, let’s filibuster about why Obama and the media are able to keep calling this economy “in recovery” and report to us that unemployment is “improving,” at the same time disposable income just suffered the biggest drop in 54 years, homelessness in New York City is the highest since the 1929 Great Depression, food stamp use just hit another all-time record (an unimaginable 20 percent of eligible Americans are now on food stamps), and there are a record 89,304,000 able-bodied, working-age Americans unemployed. Incidentally, while the Federal government claims 236,000 new jobs were added last month, this statistic shows that 296,000 jobs have been lost since January.

By the way, Paul, this last one about the economy is so important, and the lies we are being told so massive, I suggest at least a 48 hour-filibuster.

I’m Wayne Allyn Root for PersonalLiberty.com. I’m headed to the airport to fly to Washington, D.C. I am honored to be one of the invited speakers at CPAC (The Conservative Political Action Conference). I’ll be joining an exclusive group of speakers that includes Senators Rand Paul, Marco Rubio, Ted Cruz and Mike Lee; Governors Rick Perry, Scott Walker and Bobby Jindal; former Vice Presidential candidates Sarah Palin and Paul Ryan; Donald Trump; and Dr. Ben Carson. What an honor. See you right back here next week. God bless America.

How Mitt Romney Can Save The GOP… And America

[youtube http://www.youtube.com/watch?v=grcFf85hTmo?rel=0&w=640&h=360]

 

What if I told you Mitt Romney can solve two of America’s biggest problems? Yes, the man whose mediocre Presidential campaign almost sunk the entire GOP can now save it. Even better, the same Mitt Romney, now an unelected private citizen, can also save Detroit — and, by doing so, prove the conservative model for the U.S. economy works and become an American hero. Let me tell you how.

Regardless of the lies the Administration and media are telling us, we are sliding into the abyss.

Folks, the U.S. economy is going down like the Hindenburg.

Why is this happening? You can see America’s future by studying Detroit. Barack Obama’s policies are damaging the entire U.S. economy, the same way that socialist policies (Democrats call them “progressive”) have destroyed Detroit. Detroit is a microcosm for everything ailing our economy.

For almost five consecutive decades, Detroit has been run by liberal Democrats following the exact policies Obama is now forcing on the U.S. economy: bigger government, more government spending, out-of-control entitlements, too many government employees, obscene pensions, high taxes, too much debt and an economy run based on “fairness” and social justice. Just look at the results; you’ll get sick to your stomach. The Obama economic model has been on display forever in Detroit (1961 was the last time Detroit had a Republican in charge). The result is a bankrupt Third World hellhole in the middle of America.

I wrote a commentary here at Personal Liberty back in December reporting on how far Detroit has fallen. Here are just a few select highlights:

Under Obama, these kinds of results are now happening across America. The only difference is that Democrats had a 50-year head start with Detroit.

But life is funny. All this terrible news actually brings up a great opportunity. First, we learned just days ago that I was right: Detroit is now officially bankrupt, and the Governor is about to appoint a manager to try to save Detroit. Second, did you see the Romney interview on FOX News? Romney is retired, sitting on the sidelines, playing with his grandkids, chomping at the bit to use his lifetime of business experience to save the U.S. economy. Anyone can see that he desperately wants to get back in the game.

Here’s where opportunity meets a lifetime of preparation. Here’s a chance for Republicans and Democrats to stop debating, arguing and yelling at each other. Here’s an opportunity to prove by real-life example that when it comes to the economy, jobs and money, we need adults who know how to run a business in charge. Conservatives and capitalists are the ones who have the ideas and know-how to save America.

Fate is calling. Romney was born for this role. Michigan Governor Rick Snyder should appoint Romney to oversee the turnaround of Detroit.

Last week, I mentioned here at Personal Liberty that Romney was the perfect person to become President of the United States at this moment in time. And some of you didn’t get what I meant. Yes, Romney was a lousy candidate. No debate there. No, he’s no inspiring speaker. No debate there. And he sure isn’t a principled conservative like Barry Goldwater or libertarian like Ron Paul. But I wasn’t talking about any of those things. America at this moment in time needs a businessman. A Mitt Romney or Lee Iacocca or Ross Perot. We need a no-nonsense CEO and turnaround specialist who knows how to cut budgets with a buzz saw and a bazooka.

Romney not only may be the greatest business turnaround expert of our time, sitting bored on the sidelines, just looking for a way to contribute; but he’s also a Michigan native. He’s the hometown boy. This is the perfect situation.

I’m betting that within a year this world-class brilliant businessman can give Detroit’s residents hope, and within three years put Detroit on the road to recovery. How? By undoing the damage done by five decades of Democratic policies.

It’s time to put a responsible adult in charge. It’s time to show the difference between a CEO running a city or country versus a community activist and socialist. I’m betting Romney will turn the Detroit economy around, just like he turned a failing, bankrupt Salt Lake City Olympics into one of the great successes in Olympic history. Just like he turned around dozens of major companies. Just like Ronald Reagan turned Jimmy Carter’s economy of misery, malaise and 21.5 percent interest rates into the greatest economic expansion in world history, with 20 million new jobs created almost overnight.

This doesn’t take brain science; it takes cutting government, cutting spending, cutting entitlements, cutting government employees and cutting bloated salaries and pensions. It takes running a government for the taxpayers, not the unions and welfare addicts. And it takes a leader with the courage to do it.

Let’s give Romney a chance to show what he can do. I’m the guy who predicted that President Mitt Romney would turn around the U.S. economy in record time — not because I agreed with his politics (I think he’s way too moderate, wishy-washy, nanby-pamby, Northeast liberal for me), but because saving the economy is about understanding business.

Ninety-nine percent of even the most fantastic conservative and libertarian politicians have never created a job. So let’s try an experiment with Detroit. We have nothing to lose; it can’t get any worse. Let’s see what a talented CEO with a wealth of business experience can do with a hellhole created by Obama-like economic policies.

Then, after Romney saves Detroit, the voters will finally have a proven model. There will be proof that Obama’s ideas are a failure and that fiscally conservative ideas are what will restore the American economy and the American dream. This isn’t a game. Our jobs and livelihoods and the future of our children and grandchildren are at stake. It’s time to prove lawyers and community activists shouldn’t be running our cities or States or country. We need to put adults and businessmen and businesswomen in charge of the finances.

Mr. Obama, are you game? Do you really want to save America? Do you really want to create jobs? Do you want to get people off food stamps? Or are you afraid this experiment might actually work?

As they say in poker, I’ll go “all in.” I’m betting on Romney as the guy to save Detroit and, therefore, show the way to save America. This isn’t about politics. I’ve never been a big fan of Romney’s politics. But this is about business. It’s simple: Government needs to be run like a business. It has to be run for the taxpayers. It has to be run on a budget. And if you don’t have the money, you cut spending. It’s time to put adults in charge. Here’s our chance.

I’m Wayne Allyn Root for Personal Liberty. See you next week. God Bless.

How Jimmy Carter Ruined America Twice

[youtube http://www.youtube.com/watch?v=SQXXJJy1PNs?rel=0&w=640&h=360]

 

Until Barack Obama came along, Jimmy Carter held the title “Worst President in U.S. History.” Now, Carter may have taken the title back. You would have thought he’d be satisfied with almost destroying the U.S. economy and almost breaking the spirit of our country once. But, no! Thirty-three years later, Carter is now instrumental in helping Obama finish the job he started.

As President from 1976 to 1980, Carter came close to wrecking our economy and our entire country. An ultra-liberal, politically correct do-gooder, just like Obama, Carter announced his Presidency would be dedicated to “compassion” and human rights. And, just as had happened during Obama’s tenure, the leftist gobbly-gook “feel-good philosophy” led to disaster.

The Carter nightmare included four years of crippling high unemployment, stagflation of 13.5 percent, unimaginable 21.5 percent interest rates, record gas prices, shortages and gas lines, a doubling of the deficit from $27 billion to almost $60 billion, U.S. embassy personnel in Iran held hostage, an unsuccessful hostage rescue attempt, the embarrassing decline of our military, and the Soviet invasion of Afghanistan. America almost did not survive Carter.

Along came a true patriot and American hero, Ronald Reagan, who turned Carter’s malaise and misery and the worst economy since the Great Depression into the greatest economic turnaround and expansion in world history. Reagan showed the world that America was indeed the “shining beacon on the hill.” Reagan made us great again and, by doing so, exposed Carter as an incompetent, ultra-liberal laughingstock. To make matters worse for Carter’s legacy, the U.S. hostages in Iran were released on Reagan’s Inauguration Day. Carter never forgave Reagan or America for leaving his reputation in tatters.

Carter wandered the wilderness for the past 33 years, growing more angry and bitter with each passing year. He took out his anger by embarrassing the United States and meddling in foreign affairs. He spent the past 33 years denouncing Israel, praising nations that supported Muslim terrorists, defying the U.S. travel ban to Cuba and praising tyrants like Fidel Castro, Hugo Chavez, Yugoslavian dictator Josip Broz Tito and North Korean despot Kim Il Sung. He oversaw election fraud and corruption in Venezuela and Haiti and declared everything fair and square. The man has spent 33 bitter, disgraceful years venting his hatred for America.

Now, Carter has finally gotten his revenge. Angry at America’s success since Reagan, including those 40 million new jobs created since the early 1980s, Carter might be the man most responsible for Obama’s re-election, allowing him to continue the destruction Carter began all those years ago in 1976.

How did Carter help re-elect Obama? Mitt Romney was poised to do to Obama exactly what Reagan did to Carter. A brilliant businessman and turnaround specialist, Romney was the perfect man to again save America. He would have turned around this Obamageddon economy in two years with low taxes, reduced spending and smaller government — exactly how Reagan saved us from Carter. But along came that secret tape where Romney discussed “the 47 percent” of Americans who want government to give them checks and will vote for the politician who keeps the checks coming. The release of that tape was the beginning of the end for Romney. His reputation, likeability ratings and Presidential campaign never recovered.

Well guess who released that damaging tape? It was Carter’s grandson, Democratic operative Jimmy Carter IV, getting sweet revenge for Grandpa.

Carter’s grandson said: “I’ve been hearing all my life people making fun of my grandfather, or saying that he was a bad president, or things like that, and I’ve just gotten used to it. And it’s nice to be able to hit back.”

Upon seeing the tape of Romney’s remarks, the former President said in an email to his grandson: “James: This is extraordinary. Congratulations! Papa.”

It may not have been the only reason Romney lost, but it certainly did more damage to his campaign than anything Obama said in months of campaigning. And so, with the help of Carter’s grandson, history was changed. Instead of a modern-day Reagan, we got stuck with a second, disastrous term of a modern-day Carter. If Carter had been re-elected back in 1980, there very likely would never have been 40 million new jobs over the next 25 years. America’s military and economy probably never would have recovered, and we’d have a lower standard of living and gasoline prices of $8 per gallon — just like in the European socialist countries both Carter and Obama want America to emulate.

But thanks to Carter’s grandson, it’s Groundhog Day. Carter gets a do-over. We’re about to see what would have happened if we’d never elected Reagan and had given Carter a chance to finish the job of destroying America. We’re about to see if Obama can finish the job of destroying the U.S. economy in a second term — all in the name of tax and spend, compassion, fairness, social justice, and human rights.

Once Obama is done using Carter’s ultra-left policies to gain retribution and redistribution, I can imagine only that America will be a shell of its former self. America’s military will decline, the U.S. economy will continue in misery and malaise, inflation will return to unimaginable heights, debt will continue to rise, and gas lines and rationing will once again be part of our lives. America will be anything but exceptional.

Congratulations, Carter. It took 33 years and your grandson’s help, but you’ve finally gotten your revenge on the American people and American exceptionalism.

Sadly, just like a second term of Carter, I can promise you, this will not end well.

I’m Wayne Allyn Root for PersonalLiberty.com. See you next week. Same time, same place. That’s when I’ll present to you the solution, the perfect model to save America and the U.S. economy. Carter and Obama won’t like it. But it is proven to work. See you next week. God bless America.

Sequestration Ponzi Scheme

[youtube http://www.youtube.com/watch?v=Vs2W8wAKtH8&w=560&h=315]

 

Don’t panic about the so-called “sequestration.” It’s just another President Barack Obama scam. There are many more things to panic about that are more important than sequestration. The economy is in free fall. Gas prices are skyrocketing. Wal-Mart calls its sales to start 2013 “a total disaster.”

Now those are things to panic about.

But, hey, the President is on the job. Our fearless leader, Obama, is just back from a swing State (you know, the kind of place where you work on your golf swing). He was consulting on the economy with Tiger Woods and Butch Harmon, while Michelle Obama was playing in Aspen, Colo. You wouldn’t accept this storyline if it was a fictional movie script. Too unrealistic. This country under Obama is becoming one big scam. A Ponzi scheme. Obama is the guy running the Ponzi, playing the role of Bernie Madoff. But the mainstream media are certainly playing the role of his accomplice.

Exhibit A is the so-called “sequestration.” It was the Obama Administration that gave us sequestration. Even Bob Woodward, the famous investigative journalist, said: “The sequester was Obama’s idea.”

Now Obama gets back from his tough golf weekend with Tiger and claims sequestration is the end of the world. Funny, Obama never mentioned it was his idea. He never mentioned that the specific Obama lackey who created the idea was Jack Lew, who, Obama has just nominated to become Treasury Secretary.

That’s right: Sequestration is such a bad idea, causing such an economic crisis, that Obama is rewarding the guy who thought it up by putting him in charge of the entire U.S. economy. Where are the screaming headlines in the mainstream media pointing out that Obama is the world’s biggest hypocrite?

To make this “Saturday Night Live” skit even funnier, Obama — the man of the working people, the man of the middle class — picked a tax cheat, Tim Geithner, as his first-term Treasury Secretary. Then for his second term he picked Lew, who invests his money in a Cayman Islands fund housed in the building that Obama has called “the largest tax scam in the world.”

With guys like that in charge of the economy and our tax system, it sure sounds like a Ponzi scheme to me.

Obama also claimed that the sequestration cuts will cause job losses among police officers, firefighters and teachers. Why aren’t the media pointing out that police officers, firefighters and teachers are hired on the local and State level. Oops, Obama is caught in another fabrication. It’s all part of the big scam that is the Obama economy.

And, by the way, aren’t there other government employees besides police officers, firefighters and teachers? Shouldn’t the media point out that to bring up only those three classes of employees is complete deception, like a con man selling his con?

Did you know the average government janitor is paid $600,000 more over his lifetime than a janitor working in the private sector?

Why doesn’t Obama mention janitors when we talk about cutting government spending? It’s because the image of a government janitor or meat inspector would not bring tears to voters’ eyes. It wouldn’t sell his Ponzi scheme. The media say nothing.

Why don’t the media point out that Obama spent us into bankruptcy by adding almost $6 trillion to the national debt in only four years? If anyone loses his job, it’s not because of the minuscule $85 billion sequestration. That’s a spit in the ocean. It’s because of the $6 trillion of reckless spending over the past four years. Obama is the one to blame for people losing their jobs. Why don’t the media point that out? Their silence makes them accomplices in the Ponzi scheme.

Why aren’t they pointing out that the economy is in shambles, gas prices have risen 32 days in a row, Wal-Mart executives are calling sales to start the year “a total disaster”  — that’s a quote — while Obama, a Democrat who supposedly cares about poor people and working-class people, golfs with Tiger Woods in Florida, works on his golf swing with Butch Harmon and parties at billion-dollar resorts on Valentine’s weekend with the world’s most notorious womanizer, with the press denied access and with his wife on a separate vacation in Aspen? Do you think the media would be silent about all this if the Presidential couple partying in Florida and Aspen were Ronald and Nancy Reagan?

The reality is we have an economic crisis bordering on a total collapse because of specific Obama policies. He spends too much. He taxes too much. He wastes our money on green energy. It isn’t working. The chickens are coming home to roost. The first quarter is “a total disaster” because Obama raised income taxes on the rich and payroll taxes on the middle class. When you tax people, they have less money to spend.

At the same time, everyone is getting hit with rocketing gas prices while Obama wastes your money on solar energy scams, on wind energy scams, on electric cars that no one wants to buy and on fraudulent biofuel standards that are impossible to obtain. Obama declares millions of acres of oil-rich lands off-limits to drilling. His Environmental Protection Agency policies drive coal out of business. And we wonder why gas and energy prices are skyrocketing?

The economy is in meltdown because of Obama’s policies. In response, he spends his weekends consulting with Tiger Woods and Butch Harmon. Yet the media say nothing. It’s just another day in Obamageddon.

The sequestration isn’t the threat, folks. The greatest threat to the future of America is Obama.

Obama’s State Of Denial

[youtube http://www.youtube.com/watch?v=AeaMnNl1d5M?rel=0&w=480&h=360]

 

Hello, I’m Wayne Allyn Root for Personal Liberty. There are a lot of things you can change in life, but you can’t fix stupid. Barack Obama’s speech Tuesday wasn’t a State of the Union. It was a “State of Denial.” It was denial mixed with delusion. It was a state of addiction to spending. It was a modern-day fairy tale in the middle of a Great Depression. It was a “Let’s sing ‘Kum Ba Yah’ and hold hands while we solve the world’s problems with money we don’t have” speech. It was insanity squared.

Here’s how Obama solves problems. In the middle of a Great Depression, he wants to raise the minimum wage by almost $2 per hour. Delusional. Like a “Saturday Night Live” skit.

In the middle of a Great Depression he wants to raise taxes again — only days after he just raised them. In Obama’s world, we raise taxes every few weeks.

In the middle of a Great Depression with our government $100 trillion in debt, he wants to spend money on a long wish list of leftist fairy tales: from early childhood education to infrastructure to green energy to climate change to government employees to redesigning high schools to — get this one — eradicating poverty around the world.

We’re broke with $100 trillion in debt and he’s worried about poverty around the world? One in three Illinois residents lives in poverty. Maybe Obama should worry about his own State before he tackles world poverty. Denial and delusion.

Obama says we’re seeing progress, we’re in recovery, we have jobs, we have “cleared away the rubble of crisis” and we have a “strong state of the union.” I guess he wants you to forget that the 4th quarter gross domestic product was negative. Our economy is actually in contraction. And 11,000 Americans join the food stamp rolls every day. This isn’t a recovery; it’s an economic disaster. Denial and delusion.

Obama said jobs are doing better. I guess that depends on your definition of “better.” According to data from Bloomberg, from December 2011 to January 2013, nonfarm payrolls were down by 587,000. During just the past year of Obama’s “recovery,” we lost more than half a million jobs. Denial and delusion.

With a loss of 587,000 jobs, 8.5 million Americans dropping out of the workforce since Obama became President and the real unemployment number (U-6) at almost 15 percent, did you hear that Obama closed his Jobs Council last week? They hadn’t met in a year. Now that the election is over, he just closed it down. No need to meet at all. Why talk about jobs anymore? Denial and delusion.

But it fits perfectly with Obama’s claim that we can create so many middle-class jobs with wind, solar and other green energy projects. Complete denial of the fact that Spain is the “Green Energy Capital of Europe,” yet its economy has collapsed — with 26 percent unemployment and 56 percent youth unemployment. The proof is in: There are no green jobs. Denial and delusion.

Obama said we sold a lot of cars last year. What he didn’t tell you was your tax money propped up the sales. Federal government purchase of cars was up by more than 70 percent last year. It’s all government. We live in a one-company town. Denial and delusion.

Obama also gloated about the housing recovery. So let’s see, if your home went from $500,000 down to $100,000, but in the past year it soared up to $125,000, Obama gloats and declares victory. But that homeowner is bankrupt, underwater and in foreclosure. That lousy $25,000 increase versus a $400,000 loss during Obama’s first term just isn’t very helpful. Denial and delusion.

And to celebrate a housing recovery while demanding the end to what Obama calls “loopholes” must be some kind of joke on the American people. That “loophole” Obama refers to is our mortgage deduction. He wants to take it away in the middle of a housing collapse already worse than the peak of the Great Depression, thereby overnight causing another housing collapse. We’d all lose 40 percent of the value of our homes overnight if our mortgage deduction was eliminated. Denial and delusion.

But the funniest claim of all was Obama stating that he’s already cut $2.5 trillion from the budget. “We’re halfway home to $4 trillion in cuts” he said. This is Chris Rock funny. Nothing was cut. The fiscal cliff deal just added $4 trillion to the national debt. The few tiny cuts that were made were revealed by the Office of Management and Budget to be money that was never going to be spent anyway. Obama cut nothing. Zero. Zip. Nada.

The man who promised to cut the deficit in half but instead doubled it, who called President George W. Bush a disgrace and “unpatriotic” for adding $4 trillion to the national debt in eight years but who added $6 trillion himself in only four years… that same guy says “we’re halfway home” to solving our debt problem. Denial and delusion.

The same man who thinks the sequestration that cuts only $85 billion out of a $3.5 trillion budget is “harsh, devastating and reckless”… that man claims he’s going to solve our debt problem? He thinks more debt spent on green energy and early childhood education will get us “halfway home”? Denial and delusion.

Hell of a plan. But when you raise the minimum raise for millions of employees, the businesses they work for raise prices for the rest of us. Picture Wal-Mart, Target and every other retailer in America raising prices by 15 percent in the middle of a Great Depression to pay for Obama’s minimum wage increase. Then watch this Obama economy continue its death spiral.

Obama’s State of the Union was a “State of Denial” proving that you can change a lot of things in this world, but you can’t fix stupid.

I’m Wayne Allyn Root for PersonalLiberty.com. See you next week. Same time, same place. God Bless America.

The Tax Rebellion Begins

[youtube http://www.youtube.com/watch?v=AxiUGfF449c?rel=0&w=640&h=360]

 

Hello, I’m Wayne Allyn Root for Personal Liberty. Mr. Obama, you have a big problem. A tax rebellion has started.

Phil Mickelson is one of the most famous athletes in the world. He is worth in the vicinity of $100 million. Last year, he made almost $50 million. Yet he doesn’t want to pay California’s high taxes.

Tiger Woods is far more famous and worth far more (more than $1 billion), yet he agrees with Mickelson. He recently admitted that he left California in 1996 for the exact same reason: high taxes.

In the same week, famed boxing promoter Bob Arum announced that superstar boxing legend Manny Pacquiao’s next fight will not be in held in America. The man who makes tens of millions of dollars per fight refuses to pay Barack Obama’s higher U.S. income taxes. He is considering Mexico City, Asia, or Dubai for his next fight. Can you imagine?

Then, Tina Turner went public. She is renouncing her U.S. citizenship to become a citizen of Switzerland, which just happens to have lower taxes than Obama’s America.

But these are just the rich celebrities courageous enough to go public. This is merely the tip of the iceberg. The rich are fleeing in droves. The Obama tax-and-spend Ponzi scheme is imploding.

What changed? The technology revolution has made it possible to do business from places where the taxes are lower (or nonexistent) and where the government treats people better. Obama had better learn this lesson fast, because this tax rebellion is spreading to millions of Americans with far smaller incomes or assets than Woods’, Mickelson’s or Pacquaio’s.

The signs are everywhere that a tax rebellion has begun. The latest U.S. census showed us that the States with the lowest taxes enjoyed the fastest population growth — States like Nevada, Texas, Florida and Arizona. Not surprisingly, the States losing the most population are all high-tax States like California, New York, New Jersey, Connecticut, Maryland and, of course, Obama’s Illinois.

These States that Americans are running from are all governed just like Obama wants to govern the entire country. Soon, these same Americans running away from California, New York and Illinois will instead be running away from America.

Ask the co-founder of Facebook, who recently renounced his citizenship and left for Singapore (where the capital gains taxes are zero).

Ask big-time Democratic contributor Denise Rich, who recently renounced her citizenship to leave for Austria.

The trickle is turning into a torrent. Record numbers of wealthy Americans are giving up their citizenshipeight times more than before Obama became President.

Of course, we already know that only one year after the U.K. imposed a millionaire tax, two-thirds of the millionaires in England disappeared off the tax rolls.

We already know that millionaires are escaping France at a record pace because of high tax rates imposed by the new Obama-clone Socialist President of France. Even actors like Gerard Depardieu have been forced to abandon the country they love.

The famous actor isn’t alone. Requests by citizens to leave France are up by 500 percent.

But then came the coup de grace. Former French President Nicolas Sarkozy has just announced he is leaving France because of taxes. High taxes are even chasing away the former Presidents from their own countries.

High taxes work great in France. The nation’s labor minister announced just this week that France is “totally bankrupt.” His words.

I understand all of this only too well. I’ve got my own “escape from taxes” story. I arrived in sunny Southern California in 1989. I fell in love. I thought I would never leave. I woke up every morning to walk on the beach and to watch dolphins swim from my deck.

Unfortunately, during the next decade, California grew more and more desperate. Taxes were raised again and again. There were so many rules, regulations and lawyers that it became impossible to run a business in California. So I escaped to Las Vegas.

Las Vegas is “America’s Monte Carlo.” It’s a place with no State income tax, business income tax, capital gains tax or inheritance tax, and it has the 16th lowest property taxes in America. It’s a place where the State constitution bans income taxes, limits the time politicians can meet and welcomes guns in the hands of law-abiding citizens. I call it heaven.

Mr. Obama, the secret is out. Taxes do nothing for productive people (like business owners or high-income earners). Nothing. Zero. Zip. Nada. It’s like burning your money in the fireplace. I’m a witness. I lived in New York for 27 years, then California for a decade. What did I get for all those taxes I paid? Nothing. But I did gain something fantastic: a much higher quality of life. The money I saved paid for home-school tutors for my oldest daughter. She was accepted to Harvard University. She’s now attending Oxford in the U.K. Would she be attending the two best universities in the world if I had sent her to public school? Lower taxes changed my life — and the lives of my family members.

Science magazine reported on a study of the unhappiest people in America. They all happen to live in high-tax States. The happiest people happen to live in low-tax States. Coincidence?

Maybe these citizens are happier because the economy grows so much faster in low-tax States. The Wall Street Journal reported on a study from the Kansas Policy Institute that shows that States without an income tax have significantly higher growth (59 percent versus 42 percent) over the past 10 years. They increased the number of jobs by 4.9 percent while jobs in the rest of the States declined by 2.6 percent.

Examples abound of Americans with high incomes and assets escaping from high-tax states. Between 2000 and 2010, 551,914 people left California just for one State, Texas, taking $14.3 billion in income.

Maryland has much higher taxes than Virginia. Between 2007 and 2010, more than 40,000 residents escaped from Maryland to become Virginia residents. They took $2.17 billion with them.

But New York is the poster child. The Tax Foundation reports that 612,520 people left New York and moved to Florida in the past decade, taking with them $19.7 billion in adjusted growth income.

Overall, 1.3 million residents escaped from New York in the past decade, taking with them $45.6 billion.

You know what they say about pigs: They get slaughtered. California is certainly a pig. Just like the PIIGS in Europe (Portugal, Italy, Ireland, Greece and Spain) all chased away their richest citizens and business owners. Now they have nothing left. Their tax bases are destroyed. Add France and the U.K. to the list. They’re all going down.

If we let big-government progressives have their way, California’s sad story and Europe’s tragic story will also be America’s sad story. Obama is killing the American dream. Mickelson was only vocalizing what millions of business owners in America are thinking right now.

Here’s the reality: The high-tech revolution has killed the progressive and socialist dream. You can’t tax us to death, simply because you don’t own us. We have iPhones, iPads, iPods, smartphones, laptops and satellite TV. We can do business from anywhere in the world: from a beach in Sydney to a mountaintop in Nepal to a forest in New Zealand to a luxury high rise in Hong Kong. It’s called freedom.

Sorry, Obama, your dream is about to collapse. Ask Mickelson or the former President of France or all those millionaires missing from England or, soon, half the business owners in America.

Tax-and-spend is DOA (dead on arrival). I’m Wayne Root for PersonalLiberty.com. See you next week. God bless capitalism, smaller government and lower taxes. God bless America.

The Lesson Of The Amazing Harbaugh Brothers

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I’m Wayne Allyn Root for Personal Liberty. For one week, let’s take a break from President Barack Obama and politics. This week is all about the most popular and celebrated event in the world: the Super Bowl. And there is a very special lesson in this year’s game for all of us to study, learn and implement in our lives.

John and Jim Harbaugh are American idols. They just became the biggest story, on the biggest stage, in sports history: two brothers who rose quickly to the top of their demanding high-profile profession, two brothers who now face off in the biggest event in the world – literally. More than 1 billion people across the globe will be watching as these two brothers, who grew up sharing the same bedroom, fight for victory in the Super Bowl. And because of the made-for-television drama of two brothers fighting for the Vince Lombardi Trophy, this will undoubtedly become the most-watched program in the history of America. There is a gigantic lesson to be learned.

The lesson is the importance of enthusiasm.

It could not come at a better time for Americans experiencing this horrible Obama economy. The reports on debt, taxes, unemployment and foreclosures are dismal. That’s the bad news.

But there’s good news, too. What’s happening around you doesn’t matter. In the Great Depression, amid all the pain and wreckage, there were success stories. It was the greatest wealth transfer in world history. A select few made a fortune. What was the secret? It’s an attitude that enables anyone to beat the odds, to overcome any challenge, to make the impossible possible. Few people have it. Many on the left disparage it. It’s called enthusiasm.

Exhibit A: the Harbaugh brothers, John and Jim. They are just a year apart, and they spent their entire childhood sleeping inches apart in the same bedroom. Today they are National Football League head coaches of the Baltimore Ravens and San Francisco 49ers. What are the odds? One in a million? One in a billion? Well the odds before now were zero. Because in the 93-year history of the NFL, it never happened before. At least not before PHE, the pre-Harbaugh era.

But enthusiasm sells. The Harbaugh brothers grew up with one saying on their minds 24/7: “Attack this day with enthusiasm unknown to mankind.”

That saying was drummed into their heads daily by their football coach dad, Jack Harbaugh. Years later, in 2011, they found each other coaching two of the best teams in the NFL and, remarkably, facing each other on national TV on Thanksgiving night. That competition excited America so much, that game became the most watched cable TV show in the history of Thanksgiving.

But that was just a warm-up for Super Bowl Sunday. Jim and John Harbaugh will be leading their teams onto the field that day. They are the two coaches left standing out of 32 NFL teams. They will be playing each other for the greatest prize in all of sports. And the foundation of all of that success — hard work and enthusiasm — was drummed into their heads by their father/coach Jack Harbaugh.

The first Coach Harbaugh understood that enthusiasm is contagious. Now it has led to his two sons’ beating out every other coach in football to reach the Super Bowl. Most coaches, no matter how good, will never make a Super Bowl in their entire career. These two brothers both made it in the same year.

Enthusiasm works in any field.

Barry Goldwater is the father of conservatism in America. Yet he lost the 1964 Presidential election by a landslide. Ronald Reagan took Goldwater’s exact philosophy, but spread it with tremendous enthusiasm. With the exact same political philosophy and agenda, Reagan won the Presidency in two landslides. Enthusiasm was the big difference.

There were many great generals in World War II, but only one instantly comes to mind today: Gen. George S. Patton. He exuded confidence and enthusiasm. He inspired his men to do remarkable things. They’ve since made Broadway plays, books and movies about the legend of Gen. George S. Patton.

Can enthusiasm promote religion? Ask Billy Graham. The most enthusiastic preacher ever, he traveled the United States with his evangelical Billy Graham Crusades in the 1950s. Millions of people came out to see this passionate, enthusiastic communicator. But those were all “country people.” When Graham announced he was going to preach evangelical Christianity in the middle of New York City, the critics laughed. They predicted his show would close in a day, like a failed Broadway play.

Graham was undeterred. He went ahead with his plans with unmatched enthusiasm. Well more than 2 million New Yorkers came out to see Graham preach at Madison Square Garden — an all-time record. Graham’s revival in New York City was extended. Enthusiasm had sold even evangelical Christianity in the middle of cynical New York City.

Soon thereafter, NBC offered Graham $5 million (in 1957) to host a television variety show. Even Hollywood was sold by his enthusiasm. His lifetime audience is now stands at 2.2 billion people. More than 15 million of them came to the front of the stage and took Jesus as their savior. No preacher in history has reached more people.

There have been many fitness gurus over the years, but only one “godfather of fitness.” Jack LaLanne’s fitness television show ran from 1951 to 1985. He opened the nation’s first chain of gyms. He sold millions of juicers on TV infomercials. At the age of 54, he beat a 21-year old Arnold Schwarzenegger in a bodybuilding competition. LaLanne celebrated his 70th birthday by pulling 70 people in 70 rowboats through San Francisco harbor — with his teeth. He wrote his last book at age 95. His enthusiasm for life made him one of America’s biggest stars for seven decades.

What makes all these legends successful? What makes them leaders? The answer is enthusiasm. Enthusiasm makes people want to follow you anywhere — even through hell (ask Patton or Robert E. Lee or Winston Churchill).

On Sunday, sit back and watch John and Jim Harbaugh work their magic. They are the greatest family coaching duo in the history of sports. And while you’re watching, just think of the brilliant words that made it all happen: “Attack this day with enthusiasm unknown to mankind.”

Is Obama Smarter Than A Communist?

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Hello, I’m Wayne Allyn Root for Personal Liberty. You know that famous TV show “Are you Smarter Than a 5th Grader?” Well that show has inspired me to ask: “Is Obama smarter than a communist?” Many socialist and communist leaders seem to have learned a lesson that Obama has not.

Remember when Obama said, “I just want to spread the wealth around”? If income redistribution works, if tax-and-spend is a model for America, why are Greece and Spain bankrupt basket cases threatening to bring down the entire European Union? Greece and Spain have both been led by Socialist Party politicians. They both have big taxes, big spending, big unions, big governments — just like Obama wants. Yet both Greece and Spain have unemployment rates above 26 percent and youth unemployment above 56 percent.

With that record of devastating failure, why did Obama just raise U.S. income tax rates to the levels of Greece and Spain? Greece’s income tax rate is 40 percent. Spain’s top rate ranges from 40 percent to 50 percent. In America we just raised the top rate to about 40 percent, plus add in Obamacare taxes, plus add in State and local taxes, and, of course, Obama took away deductions, too. Can you even imagine? We chose to emulate Greece and Spain right at the moment of disaster, at the moment of devastation, at the moment of 26 percent and 56 percent unemployment — right as they are headed into economic oblivion. With Obama’s re-election we chose Greece and Spain.

By the way, with high income taxes and value added taxes (a national sales tax), why are Greece and Spain both bankrupt and insolvent? Why would Obama want higher taxes for America, when Greece and Spain prove the model doesn’t work? Each country is going through a national nightmare. Thousands of trees are missing… because citizens can no longer afford to pay for electricity or fuel to heat their homes, so each night they go into parks and forests to cut down trees for firewood. Families are digging through dumpsters for food. Government employees go unpaid for months. This is what socialism and high taxes get you. And we chose Obama for another four years? Maybe we should check whether American voters are as smart as a 5th grader.

All those Greek voters elected socialist politicians because they promised fat pensions, free healthcare and lavish early retirement. Does that sound familiar? Now, they face unimaginable poverty for years to come. This proves that when politicians promise chocolate cake with no calories, they should be put in prison for fraud.

Cuba has been a Marxist state since before I was born. Its leader, Raul Castro, is a proud communist. Yet Cuba recently passed the most sweeping reforms in its history. Castro is slashing more than 1 million government jobs, cutting entitlements, encouraging more private sector entrepreneurship, giving more power to private companies and reducing state spending.

One of the trademark features of Cuba’s socialist system — the universal monthly food ration — will be phased out. Castro said the ration given all Cubans since 1963 had become an “unsupportable burden” for Cuba’s bankrupt and crumbling government.

So get this: A Cuban communist leader is cutting 1 million government jobs and eliminating Cuba’s version of food stamps. Meanwhile, Obama keeps adding government jobs and food stamp use is setting all-time records in America; 47.7 million Americans are on food stamps. Tell me again: Who’s the communist and who’s the capitalist?

Even Russia’s Vladimir Putin (then serving as prime minister) seemed to have learned a common 5th grade history lesson on socialism, when during a 2008 speech at the opening ceremony of the World Economic Forum in Davos, Switzerland, he stated: “In the 20th century, the Soviet Union made the state role absolute… In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly.”

Putin and Castro have learned their lessons from experience. But Obama? It sounds like he needs to attend re-education camp. Or at least do over the 5th grade.

Obama just raised our income tax rates to 40 percent and eliminated deductions; and, of course, he’s already passed a raft of new Obamacare taxes. He wants to take the cap off Social Security taxes and add a VAT tax (national sales tax). Add it up. Under Obama, Americans could soon have a tax rate above 70 percent. Not the super rich. These rates will apply to small business owners.

Now contrast those taxes with today’s tax rates in formerly Communist countries:

  • Russia: 13 percent flat tax.
  • Bulgaria: 10 percent flat tax.
  • Georgia: 15 percent flat tax.
  • Romania: 16 percent flat tax.
  • Czech Republic: 15 percent flat tax.
  • Albania: 10 percent flat tax.
  • Kazakhstan: 10 percent flat tax.
  • Lithuania: 15 percent flat tax.
  • Slovakia: 19 percent flat tax.
  • Bosnia: 10 percent flat tax.
  • Serbia: 12 percent flat tax.
  • Hungary: 16 percent flat tax.
  • Estonia: 21 percent flat tax.

So ask yourself again, “Is Obama smarter than a communist?” Looking at those tax rates, it would be easy to mistake the United States under Obama for a socialist country.

While the big-tax, big-spend, big-government economies of Europe are floundering, examine how the low-tax model is performing around the world. Hong Kong, with its 15 percent flat tax and no capital gains tax, has 3.3 percent unemployment. That’s down in the 4thquarter of last year from 3.4 percent in the quarter before that.

Singapore has a tax of 3 percent to 20 percent, with unemployment at a remarkable 1.9 percent.

Obviously, high taxes kill jobs. Case closed. Obama must have missed that 5th grade lesson.

So I’ll ask the question again: Is Obama smarter than a communist? Perhaps someone should sit Obama down with all these communist and ex-communist leaders and get him educated. Fast. Before the U.S. economic collapse is beyond repair. Before the America we know and love is gone forever.

A National Day Of Mourning

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Hello. I’m Wayne Allyn Root for Personal Liberty. Barack Obama’s Inauguration Day is coming up next week. Despite what the Obama-adoring, Kool-Aid drinking liberal mainstream media tell you, Obama’s inauguration is not a celebration. If the media were honest, we’d declare it a “national day of mourning.” Our economy under Obama is in shambles. Things are not getting better; they are getting worse by the day. Now we have four more years of more of the same. Will we survive?

We are already in an Obama Great Depression, and I have the facts to prove it — facts the mainstream media refuse to disclose. I’m about to give them to you. The key to understanding all this is to study the real facts and statistics. You know, the kind not manufactured out of thin air or manipulated by Obama, the government or the media. Facts are facts.

The facts below clearly indicate that the economic collapse is far worse than most Americans understand yet.

Judge for yourselves:

Obama is the biggest spender of any politician in world history.

Not to be outdone, Tim Geithner is the biggest-spending Treasury Secretary in history ($13.6 trillion).

Under Obama, the national debt has increased by 50 percent. Obama is on track to add $12 trillion to the national debt: a staggering three times more than George W. Bush added in his eight years as President:

In only the past 16 months, the Obama Administration added $2.1 trillion to the national debt, which is why we need the debt ceiling raised again.

Under Obama, the national debt now exceeds the entire output of the U.S. economy.

Obama is not only the first President in history to produce four consecutive years of deficits above $1 trillion, but those four years’ worth of deficits are more than produced by all other Presidents in history combined.

The national debt is increasing by a mind-boggling $3 million dollars per minute.

What did we get for all that spending and massive debt?

The U.S. credit rating has been downgraded for the first time in our history. With Obama’s re-election, get ready for more credit downgrades to come.

The net worth of the average American is down a whopping 40 percent.

According to the U.S. Census Bureau, household income has fallen for all four years under Obama. It’s down a startling $4,000 per family since Obama became President.

The housing collapse is now deeper than at the peak of the Great Depression.

Unemployment was more than 8 percent for an unimaginable 43 consecutive months. That’s more months of unemployment above the 8 percent level than during all the Presidencies from Harry Truman’s to the younger Bush’s combined.

According to economist John Williams of shadowstats.com, if you factored in all of the short-term discouraged workers, all of the long-term discouraged workers and all of those working part-time because they cannot find full-time employment, the real unemployment rate would be more than 20 percent, which is higher than it was for a majority of the years during the Great Depression.

The employment rate under Obama has been less than 59 percent for 39 months in a row. That means less than 59 percent of those capable of working are actually employed. So how can the jobless rate reported by the government (and mainstream media) be improving?

Since Obama has been President, more than 8.5 million Americans have dropped out of the workforce.

The Labor Force Participation Rate among men is the lowest since 1948 (just after World War II). In 1950, 80 percent of all working-age men had a job versus today with only 65 percent working.

The average unemployed worker has been unemployed for 40 weeks. At the peak of the deep recession of the early 1980s, with unemployment close to 11 percent, the average length of unemployment at its highest was only 21 weeks.

If you gathered together all of the unemployed people in America in one place, they would constitute the 68th largest country in the world.

The United States has roughly the same number of jobs today as it had in 2000, but the population is well more than 30 million people larger. To get to a civilian employment-to-population ratio equal to that in 2000, we would have to gain some 18 million jobs.

Back in 1980, fewer than 30 percent of all jobs in the United States were low-income jobs. Today, more than 40 percent of all jobs in the United States are low-income jobs.

Fifty-three percent of all college graduates in America under age 25 are either unemployed or under-employed.

Black unemployment is at 14 percent. When did you hear that trumpeted in the media during the Presidential election? Obama received more than 99 percent of the black female vote, yet his first term produced horrendous damage to African-Americans.

A record 47.7 million Americans are now on food stamps.

Under Obama, we have added more than 16 million Americans to the food stamp rolls. That’s an increase of a stunning 50 percent in just four years.

Under Obama, the growth of Americans on food stamps is 75 times greater than job growth.

Forty years ago, one out of 50 Americans received food stamps. Today, it is one out of 6.5.

Forty-three percent of all immigrants who have been in the United States for 20 years or longer are on welfare.

In 1965, one out of every 50 Americans was on Medicaid. Today, about one out of every six Americans is on Medicaid.

Medicare alone faces an unfunded liability of almost $40 trillion dollars. That’s more than $328,000 per U.S. household.

The number of Americans now on disability (a record 11 million) is larger than the population of New York City, as well as the population of 39 of the 50 States. Since Obama became President, 5.5 million have joined the ranks — most of them after their unemployment benefits ran out. Now they get an income and free healthcare for life.

More than 100 million Americans (almost one out of every three Americans) are getting some form of welfare. That does not include Social Security or Medicare.

About 57 percent of all children in the United States are living in poverty or are defined as low-income.

It is being projected that about 50 percent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18.

For the first time in history, more than 1 million public school students are homeless.

Total student loan debt is now more than $1 trillion, with defaults at record levels.

According to the Mortgage Bankers Association, in the third quarter of 1980 under the failed Presidency of Jimmy Carter, there were 76,885 delinquent mortgages. Shockingly, in the second quarter of 2012 under Obama, there were 3,107,247 delinquent mortgages.

Obama says real estate is in “recovery.” Yet in one city, in one month, $120 million of commercial real estate went into default. This isn’t an isolated instance; it’s happening across America. The commercial real estate collapse is just starting. Does this sound like a “recovery” to you?

New business start-ups are at the lowest level in 30 years.

In the World Economic Forum’s rank of global competitiveness, the United States has fallen four years in a row under Obama.

The United States also joins Ireland as the only advanced economies in the world to have lost economic freedom the past five years in a row.

The government reports that banks are doing better. Yet Bank of America just reported more than $64 billion worth of delinquent mortgages (more than six months late). None of these have even entered foreclosure yet. That’s more than half of the market cap of BofA.

Obama denies he’s a socialist. He says he merely wants to move America towards the European model of social capitalism. Then you realize Europe is a bankrupt welfare state, with an all-time record 11.8 percent unemployment and 24.4 percent youth unemployment across the Eurozone.

Twenty-six million Europeans are unemployed. Greece and Spain both have more than 26 percent unemployment and more than 50 percent youth unemployment. Something is very wrong.

Well, if the bankruptcy of America is the goal, don’t look now, but it’s happening. Apple, Inc. (the iPhone company) has more cash in the bank than the U.S. government. Maybe the U.S. government should start selling something that people actually want.

But Apple isn’t alone. Twenty-nine different companies have more cash in the bank than the U.S. government.

One of three residents in Obama’s home State of Illinois lives in poverty. Soon that will be you.

We are experiencing unimaginable economic wreckage, crisis and collapse from coast to coast. None of this is a coincidence. This is a cold, calculated plan to collapse the U.S. economy, damage or bankrupt business owners (particularly small business) and destroy capitalism.

And it’s working.

So don’t get out the party hats and balloons too quickly for Obama’s inauguration. Instead, we should all be wearing black… to represent a national day of mourning for America.

I’m Wayne Allyn Root for PersonalLiberty.com. See you next week. Same time, same place. God Bless America.

Obama Teams Up With Big Business To Destroy Middle Class

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Hello, I’m Wayne Allyn Root for Personal Liberty. Let’s get to the story of Obama, the ultimate crony socialist teaming up with big business to wipe out small business and the middle class.

I’ve said it before; I’ll prove it again. President Barack Obama is a unique breed of socialist. He is a hybrid socialist/fascist. He understands that he needs “cover” to destroy America. He needs the support of famous billionaires like Warren Buffett and credible fat cat corporate CEOs like Jeffrey Immelt of GE to convince the masses that he is not out to destroy capitalism. He needs to show that rich people are on his side, that these rich guys agree with him that tax increases on the rich are “fair.”

And the rich fat cats of big business will be glad to help him, as long as they share in the spoils. They’ll be glad to pay an extra $100,000 a year in taxes as long as long as Obama spreads the wealth around — to them. As long as he hands them billion-dollar tax credits, stimulus, bailouts, government contracts, corporate welfare and loopholes big enough to drive an 18-wheeler through.

That’s exactly what’s happening in America today. The super rich and the big corporations have teamed up with Obama and his socialist cabal to wipe out the middle class, upper middle class and small business. They’re doing it with taxes, rules, regulations and mandates. Obama claims they’re aimed at the rich, but in reality they are aimed squarely at the middle class, upper middle class and small business.

Big business loves taxes, rules and regulations because they have the lobbyists and armies of lawyers and accountants to either avoid it, shelter it or deal with it all. But small business doesn’t. So the competition of big business gets put out of business.

Obama, on the other hand, has many reasons for targeting small business. First, he knows that’s where the money is. That’s where he will get the bulk of his massive tax increases. There aren’t enough billionaires or $100 million men to pay for all of Obama’s plans. He needs trillions of dollars to create his cradle-to-grave welfare state.

That’s where small business comes in. There are several million taxpayers in America who make $250,000 to $500,000 per year. Almost every one of them owns a business. I’m one of them. We are the target. These are the independent thinkers. These are the self-made capitalist evangelists. These are the stubborn, principled fiscal conservatives who despise Obama and his plans for equality, social justice and income redistribution. Small business makes up the heart of the resistance.

Secondly, small-business owners fund Obama’s political opposition. We make most of the contributions that fund conservative candidates and causes. Small business will never sell out conservative fiscal principles. Never. So Obama is at war with small business. He can’t win without confiscating our money and getting us under his thumb.

Besides, what does Obama care about a $250,000-per-year small-restaurant owner? That person is insignificant to him. But the CEO of a billion-dollar conglomerate is very significant to Obama. That company can write $100,000 or $1 million checks to Obama’s campaign or his inauguration or the Democratic National Committee or an Obama-supporting PAC. And that Fortune 500 company has teams of lawyers and lobbyists, all willing to write big fat checks.

The ground has shifted in America. There used to be a team fighting for conservative fiscal principles. Wal-Mart, Wall Street, big banks and most of corporate America partnered with small business to support capitalism, conservative candidates and causes. Today, there’s been a sea change. A divorce. A “War of the Roses.” Big business and corporate America have sold out to Obama. They couldn’t care less about small business, or capitalism or conservative fiscal values. They aren’t capitalists anymore; they are crony capitalists.

And they are in bed with Obama, the world’s biggest crony socialist.

It started with the bailouts and stimulus. Big business begged, lobbied and received billions of dollars. Small business got the shaft. All we got only the bill. It’s our kids and grandkids who will still be paying the interest on bailouts and wasted stimulus generations from now. Wall Street cheered as the stock market soared. But for small business down on Main Street, it’s been a Great Depression for four years under Obama. Small business is dying.

The irony is that small business creates most of the jobs. Since the first day of the Ronald Reagan Presidency, about 40 million jobs have been created in America. The entire net of 40 million jobs was created by small business.

But small business owners don’t have lobbyists or connected Washington, D.C. law firms. We can’t afford to each give millions of dollars to politicians, so we get shafted. Look around the room. If you can’t tell who the sucker is, it’s you. Small business is the odd man out. We are the sucker. We are the target of Obama and his socialist cabal and now his newest partners in crime: big business.

Then came Fed policies. Obama orders the Fed to print trillions of fake dollars to keep the economy afloat. Where does it all go? To big business. To banks. To Wall Street. To publicly traded multinational companies. None of it has ever reached Main Street.

Then came Obamacare. I never in a million years imagined big business would support Obama’s big government, nanny state healthcare scheme. Back in the 1980s, big business teamed with small business to stop Bill and Hillary Clinton’s attempt to socialize medicine and put government in charge of the entire healthcare system. Not this time.

This time, big business took Obama’s side. Health insurance and Big Pharma were bribed with billions of dollars in new revenues sent their way. The rest of big business went along with Obama because he promised them lower corporate taxes.

Then came the coup de grace: the so-called “fiscal cliff” crisis. Small-business owners pay their taxes as individuals. They own Subchapter S and LLC corporations that pass all income down to the individual small-business owner. The lawyers and lobbyists of big business saw an opening. The goal was simple: Ask small-business owners who file individual taxes (mom-and-pop stores that create all the new jobs) to pay dramatically higher taxes and lose valuable deductions (like charitable and mortgage deductions), so that big corporations (many of which move jobs offshore and keep billions of dollars of profits parked offshore too) could dramatically reduce their taxes.

The Wall Street Journal reported on groups like the Business Roundtable (made up of 150 corporate titans) and the RATE Coalition (AT&T, Ford, Lockheed Martin, Home Depot) publicly endorsing and blessing big tax hikes on mom-and-pop America.

The $625 billion tax increase passed. Big business didn’t get their corporate tax cut… yet. But boy did they get goodies: $40 billion in crony capitalism payoffs. The new tax bill gives away $78 million in tax breaks to benefit NASCAR, $62 million in tax credits for companies operating in American Samoa, $222 million of tax rebates to rum companies, $430 million in tax rebates for Hollywood film producers, $12 billion (with a “B”) in tax credits for wind power phonies like GE, $2.2 billion to renewable diesel companies, $650 million to manufacturers of energy-efficient appliances and $222 million in accelerated tax depreciation for businesses located on Indian reservations. Many of these companies will pay no taxes at all because of these rebates and credits.

Mom-and-pop small businesses just had their income redistributed to Big Business. Billion-dollar companies ripped off small businesses on Main Street under the guise of a “fiscal cliff.” If we were on a cliff, how could we afford to give $430 million to Hollywood film producers? This was the greatest swindle since Bernie Madoff.

I predict this was only the start of Obama’s payoff to corporate America. I guarantee you that Obama told the corporate lobbyists that he’ll give them $40 billion in tax credit gifts now. So be patient and wait for 2013, when we will implement serious “tax reform.” That’s code words for fleecing small business and middle America again. This means even higher taxes and more loss of deductions for individuals, in return for “tax reform” that dramatically cuts corporate tax rates. Anyone want to bet?

It’s all part of the Andrew Cloward and Frances Fox Piven plan. Build an alliance with big business to fund your plan to overwhelm the system and socialize America.

Obama’s big government, socialist agenda isn’t aimed at the super rich. That’s just a head fake to cover the truth. That’s just the propaganda he uses to sell his con game to the masses. Obama’s destructive agenda is aimed squarely at you: entrepreneurs, small-business owners and the middle class.

Obama’s goal is to create two classes of Americans: the super rich (who support and contribute to Obama, who then rewards them with bribes, stimulus, bailouts and government contracts) and the poor (who loyally vote for Obama to receive the handouts they need to survive). In Obama’s view of America, the middle class and small business must be destroyed, and the poor must be kept in their place (that place is hopeless, helpless and dependent on him).

The cat is out of the bag. The crony capitalists are in bed with the greatest fraud of all time: Obama, the crony socialist.

It’s now every man for himself.

That’s my commentary for today. Bad things are happening in America under Obama. If you are middle class, upper middle class or a business owner, your livelihood and quality of life are in danger. Your children’s future is in danger. The American Dream is on life support.

I’ll see you next week. Same time, same place. Right here at PersonalLiberty.com. God Bless.

Barack Obama Is A Socialist

[youtube http://www.youtube.com/watch?v=XzTNJUp_AAs?rel=0&w=640&h=360]
 
Hello, I’m Wayne Allyn Root for Personal Liberty. Happy New Year 2013. With a new year comes fresh thinking and creativity. I’ve had a chance to think about our President and all he’s doing to America and our economy.

And guess what conclusion I’ve come to? Barack Obama is a socialist.

That should be pretty clear to anyone with a brain — at least anyone who hasn’t been brainwashed… I mean educated… in public schools by socialist teachers’ union members.

Liberals and the media (I know, I repeat myself) constantly insinuate that anyone who says “Obama is a socialist” is crazy, ignorant, racist or extreme. Funny, a national poll shows that a 55 percent of Americans associate the word “socialist” with Obama. Another poll shows that a majority of Democratic Party members support socialism. A third poll shows that young people (among Obama’s most loyal supporters) now feel more favorably toward socialism than capitalism.

So if the shoe fits, wear it! It’s time for Obama and his supporters to come out of the closet.

But sometimes, you need a little humor to prove your point. So let’s look at the facts up close and personal, Jeff Foxworthy style. The comedian has proven with his humor — and without a doubt — who qualifies as a redneck. I’ve put together a list that leaves no doubt that Obama is a socialist, and we are all in big trouble.

So here goes. Obama might be a socialist if:

If you don’t understand that the reason babies scream hysterically the moment they are born is because they instantly realize they are facing a future of $100 trillion in debt, hyperinflation, 80 percent tax rates and no jobs, you might be a socialist.

If you think it’s a good idea to run America based on big government, big unions, big taxes, big spending and “social justice” — even though Detroit is a one-party Democratic town run with those exact same policies for decades that is now a bankrupt, empty city that leads the Nation in poverty, food stamps, murder, abandoned buildings and broken street lamps, you might be a socialist.

If the only thing you, your cabinet members and czars know about business is from books you read at Harvard or Columbia (all of which were written by Karl Marx), you might be a socialist.

If you want to allocate hundreds of millions of dollars to the Internal Revenue Service to go after tax cheats — even though your Administration is filled with tax cheats, including the guy in charge of America’s taxes (Treasury Secretary Timothy Geithner), you might be a socialist.

If you created the name “Cash for Clunkers” yet you don’t realize all the bribes you’ve given to your most loyal Democratic voters should be called “Cash for Flunkers,” you might be a socialist.

If you think food stamps, disability, aid to dependent children and unemployment checks are “economic stimulus,” you might be a socialist.

If you believe it’s greedy for taxpayers to want to keep more of their own money that they earned but it’s not greedy to demand government confiscate other people’s money and redistribute it to those who didn’t earn it (i.e., your voters), you might be a socialist.

If your tax policies are so onerous that even Denise Rich, one of the leading Democrat contributors in America for the past three decades, renounces her U.S. citizenship to move to Austria, you might be a socialist.

If you think George W. Bush adding $4 trillion to the National debt in eight years was an embarrassment, a travesty and a disgrace but you have no problem adding $6 trillion to the National debt in only four years, you might be a socialist — and a world-class hypocrite, too.

If you actually said “You didn’t build that” to business owners because you think bridges, roads, highways, airports, schools and hospitals led to their success but you don’t understand that business owners and taxpayers paid all the taxes that paid for government to build all those things in the first place and government ought to be thanking us, you might be a socialist.

If you call yourself a “champion of small business” while you demonize small-business owners in every speech and media interview, try desperately to raise their taxes and eliminate their tax deductions, and in just your first four years as President passed more than 60,000 new rules, regulations and mandates that make it impossible to run a lemonade stand in America anymore, you might be a socialist.

If you think the “White House party crashers” are terrible people because they crashed your White House state dinner without an invitation but you want to give instant citizenship to millions of uninvited “illegal immigrants” who crashed our border, you might be a socialist.   

If you think it’s terrible that a college or law student has to pay $9 per month for her own contraception but you see no problem with colleges and law schools — run by your most loyal leftist intellectual supporters — charging that same student $50,000 per year to attend that school so ultra-liberal professors can be paid $250,000 per year for teaching one course per week, you might be a socialist.

If you think anyone who doesn’t read The New York Times is dumb and ignorant but think it’s OK that the Democratic-controlled Congress passed a 2,000-page healthcare bill without reading it, you might be a socialist.

If you think New York Times columnist Paul Krugman deserves a Nobel Prize in Economic Sciences and you deserve a Nobel Peace Prize even though neither of you ever created a job or did anything to produce one minute of peace in the world, you might be a socialist — and an egomaniac, too.

If you think it’s OK to meet with dictators, bullies, tyrants, communists, American-haters and terrorist sympathizers without preconditions but have no interest in meeting with Republican leaders in Congress, you might be a socialist.

If you think it’s OK to give Constitutional rights to terrorists but not to the bondholders, shareholders and secured creditors of GM and Chrysler when you stole the company from them and awarded it to your biggest contributors (the same unions that bankrupted them), you might be a socialist. 

If you think it was a good idea to steal $26 billion from U.S. taxpayers to save the $100,000 pensions of union members at GM and Chrysler but it was just fine to allow all the non-union autoworkers to lose their pensions, you might be a socialist.

If you think the “fiscal cliff” is about actually being forced to actually cut some government spending when the real “fiscal cliff” is the $6 trillion you added to the National debt in your first term, you might be a socialist.

If you think things are “moving in the right direction” when food stamp rolls are growing 75 times faster than job rolls, you might be a socialist.

If you think Raul Castro, the leader of communist Cuba, firing 1 million government employees by telling them “government can no longer employ or take care of everyone” and promising to fire another million this year isn’t a hint that perhaps America needs to reduce our workforce of 22 million government employees, you might be a socialist.

If you think it was OK for Nancy Pelosi to pass Obamacare so she could benefit from the special clause on page 1,890 that gives free facelifts to public officials, you might be a socialist. (Just kidding!)

If you want to convert America to a “green economy” to create millions of “new jobs” (even though Spain has proven the green economy destroys three times as many jobs as it creates and leads to 25 percent unemployment — 50 percent unemployment among young adults), you might be a socialist — and an idiot, too.

If you claim to have “saved” millions of jobs with your stimulus package but the labor participation rate is the lowest since 1982 (and for men, it’s the lowest since 1948), you might be a socialist — and it’s obvious you learned math from a teachers’ union member in a failing public school.

If you claim you are a fan of oil drilling and you have “dramatically increased” oil drilling during your first term as President while oil drilling permits are actually down more than 60 percent, you might be a socialist and a liar, too.

If you think denying an American a job, government contract or entry to college because of the color of his skin is immoral and criminal but that giving someone a job, government contract or college admission because of the different color of his skin is “social justice,” you might be a socialist — and a racist, too.

If you want to abandon capitalism and put the economy under the control of government bureaucrats even though virtually every city, county, State and Federal department run by these same bureaucrats is heavily in debt, you might be a socialist.

If you favor taxpayer bailouts of companies who give you campaign contributions and hand out almost $1 trillion in “stimulus” to unions and leading Democratic bundlers and contributors and hide it by refusing to disclose who got the money or how much, you might be a socialist — and a fascist, too.

If you think putting the same government that brought us Amtrak and the U.S. Postal Service in charge of our healthcare will save us money, you might be a socialist.

If your solution to Medicare eating up almost the entire budget and driving the country into bankruptcy within 20 years is passing Obamacare so we can expand Medicare to everyone, you might be a socialist — and I’m betting you flunked out of public school math.

If you claim you can’t find anything to cut in your budget yet you just gave $1 billion dollars to the radical, American-hating, Muslim Brotherhood leadership of Egypt, you might be a socialist.

If you want to take guns away from law-abiding Americans because a mentally ill nutcase went on a killing rampage at a school designated as a “gun-free zone” (which advertised to that same nutcase that he would face absolutely no opposition because everyone inside was a helpless, defenseless sitting duck), you might be a socialist.

If you blame guns for killing children in Newtown, Conn., but it doesn’t occur to you that you sold guns to Mexican drug lords in the “Fast and Furious” scandal that resulted in 300 murders, including a U.S. border agent, you might be a socialist – and a fraud, too.

If want to lower the cost of healthcare but purposely left “tort reform” out of your signature healthcare reform because you, your wife and virtually every member of your Administration are lawyers, you might be a socialist lawyer.

If you think Whoopi Goldberg and Joy Behar of ABC’s “The View” represent the moderate wing of the Democratic Party, you might be a socialist.

If you’re a Columbia University professor and you ever gave a student named Barack Obama an “A” in economics, you might be a socialist — and you shouldn’t be teaching economics.

And finally, in the 8th year of the Obama Presidency, if Bangladesh is hosting “Aid America” concerts, we definitely have a socialist President.

Ladies and gentlemen, I think it’s safe to say America now has a socialist President.

I’m Wayne Allyn Root for PersonalLiberty.com. See you next week. Same time, same place. God Bless America. We are going to need it!

Guns Save Lives

[youtube http://www.youtube.com/watch?v=9f6Z_Wgn8mI&w=560&h=315]
Hello, I’m Wayne Allyn Root for Personal Liberty. Happy Holidays to all my readers. My message is pretty simple this week: Don’t believe the hype from liberals or the media (I know I repeat myself). The fact is: GUNS SAVE LIVES.

Not only do liberals lie… they always come to the wrong conclusion, and usually come up with the wrong solution, in response to every crisis.

As an example, we don’t have a “fiscal cliff” crisis because of a tax problem in America. What we have is a spending problem — Obama is a spending addict. Obama criticized Bush for adding $4 trillion to the debt in eight years. Yet Obama added just under $6 trillion in four years. He is on track to add $12 trillion to our debt by the end of his second term– three times more than Bush. And Obama has produced four consecutive trillion dollar plus deficits for the first time in history. Obama is the biggest spender of any politician in world history.

What does this have to do with guns? It’s the same story. Every time there’s a crisis politicians learn the wrong lesson… come up with the wrong solution… and always use the crisis as a reason to take away our freedoms and grow government bigger.

Take the debt crisis: Obama wants to raise taxes, so we lose our economic freedom, and government grows bigger… while we add more debt to solve a debt crisis. That should work out well!

Take 9/11 — Bush spent billions on the formation of Homeland Security, hundreds of thousands of expensive new government employees, started two wars, and took many of our civil rights away.

Take global warming — Obama wants to tax us to death, double our electric bills, take away our freedoms, and put government in charge of business.

Take the health care crisis — Obama passed Obamacare to raise our taxes, grow government, unionize healthcare workers, and put government in charge of our health.

The same story holds true with the gun control issue spurred by the tragic Newtown school shooting. The liberal politicians and media are using Rahm Emanuel’s famous saying, “Never let a crisis go to waste.” They are trying to turn a terrible tragedy into a gun problem. Their solution is to try to demonize and ban guns. But the Newtown tragedy wasn’t a gun problem; it was a mental illness problem.

Thank goodness the American public has more common sense than the politicians and media big shots. The latest Rasmussen poll is out following the Newtown tragedy. While 27 percent think stricter gun control laws are the solution… a dominant 48 percent believe the answer is more action to treat mental health issues.

It is obvious that many Americans feel in their gut what the statistics I’m about to share with you prove — that guns do much more than kill (in the wrong hands). More often than not, they save lives and prevent violence.

Here are a few proven facts that are too often missing from the gun debate (Thanks to Gun Owners of America and ZeroHedge.com for these statistics):

Based on a 2000 study, Americans use guns to defend themselves from crime and violence 989,883 times annually. Banning guns would leave about 1,000,000 Americans defenseless from criminals who have no problem acquiring guns illegally.

A nationwide survey of almost 5,000 households found that over a five-year period 3.5 percent of households had a member who used a gun to protect themselves, their family, or their property. This also adds up to about the same 1,000,000 incidents annually.

The Clinton Justice Department identified 1.5 million cases per year of citizens using guns to defend themselves.

Another survey found that Americans use guns to frighten intruders away from a home break-in about 500,000 times annually.

Armed citizens shoot criminals more than twice as often as police each year (1,527 to 606).

Each year about 200,000 women use a gun to defend themselves from a sexual crime or abuse.

The Carter Justice Department found that of more than 32,000 attempted rapes, 32 percent were actually committed. But when a woman was armed with a gun or knife, only 3 percent of the attempted rapes were actually successful.

Newer studies all point towards a figure of 2.5 million — that’s the new number for how many times Americans defend themselves from violent criminals each year. 2.5 million. Guns save lives.

Now that we’ve polled the citizens, how about we see what the felons have to say:

  • A survey of male felons in 11 State prisons across the USA found that 34 percent had been scared off, wounded or captured by an armed victim of their crime.
  • 40 percent of felons made a decision not to commit a crime because they feared the potential victim had a gun.
  • 69 percent of felons knew other fellow criminals who had been scared off or captured by an armed victim.
  • 57 percent of felons polled agreed that “criminals are more worried about meeting an armed victim than they are about running into the police.”
  • Statistical comparisons with other countries show that burglars in the United States are far less apt to enter an occupied home than their foreign counterparts who live in countries where fewer civilians own firearms.

These facts (and many more too voluminous to show here) prove that guns — in the right hands — defend citizens, families and children. In short, guns save lives.

By the way… it’s important to note that Barack Obama wants to disarm schools… create “gun free zones.” Yet he spends $60,000 per year to send his precious daughters to exclusive Sidwell Friends School — which has? Drumroll please… ARMED guards. An armed security force of nine to be precise.

And David Gregory of NBC News sends his child there too. Armed guards are necessary for their children. But not yours.

And Michael Moore has armed bodyguards. While he condemns guns.

But for me, it’s always been a personal and emotional argument, even more than a factual one. I’m a proud Jewish American. Over six million of my fellow Jews were enslaved, starved, tortured, and then slaughtered by Adolph Hitler. Before it could happen, in 1938, Hitler banned gun ownership for Jews.

That act on Nov. 11, 1938 was the beginning of the end for German Jews. Millions of Jews were left defenseless from that day forward. Just like the criminals in the studies above, who were far less likely to break into a home or attack a victim, if they feared the victim was armed; Hitler only started his murderous genocide after first ensuring his victims were disarmed, defenseless and helpless.

But why should that surprise anyone. Virtually every dictator in history has started his murderous reign by disarming the population.

The communist leaders of China recently issued a statement in response to our Newtown, Conn., tragedy. They said that Obama must disarm the American people. I wonder why they’re so interested in our people being disarmed? What do you think they have in mind?

I’m a member of both the NRA (National Rifle Association) and JPFO (Jews for the Preservation of Firearms Ownership). Will I support reasonable gun control? Of course.

Should we ensure that mentally ill people cannot purchase guns? Of course.

Should we enforce current gun laws? Of course.

But should we move to ban guns, thereby leaving the law-abiding citizens defenseless and helpless? Never. Not in America.

Should government and law enforcement be the only ones legally able to carry guns? Never. Not in America.

Should government be allowed to take away guns from honest, law-abiding homeowners, business owners, and citizens like me? Only when you pry them from my cold, dead hands.

Thomas Jefferson put it best: “When governments fear the people, there is liberty. When the people fear the government, there is tyranny.”*

I’m Wayne Allyn Root for Personal Liberty. See you next week, same time, same place.

Happy New Year. Stay safe and stay vigilant. God Bless.

* While this quote if often attributed to Jefferson, there is no evidence that he ever uttered or wrote these words, according to Monticello.org.–BL

Obama’s America

[youtube http://www.youtube.com/watch?v=H-_dKWZWFII?rel=0&w=640&h=360]
 
Hello, I’m Wayne Allyn Root for Personal Liberty. First, I want to wish everyone a Merry Christmas during these tough and troubled times. Enjoy your family, enjoy the holiday, enjoy the food and thank God we’ve all been blessed to be born in the greatest country in the history of the world.

Unfortunately, a majority of Americans have forgotten what made us great — or they are taking those blessings for granted. Even at Christmastime (perhaps because it’s Christmastime, because it’s a time for prayer and reflection), I think it’s important to remind you what America could become: the collision course toward disaster we are on. That path is so clear, there is no longer a debate. The proof is in. The proof is Detroit.

Detroit is dysfunctional, insolvent and teetering on the verge of bankruptcy. What a surprise.

There are three valuable lessons to be found in Detroit’s decline:

Lesson No. 1: Barack Obama claimed he saved Detroit and the auto industry. He was re-elected based on this claim. Obama was lying; he didn’t “save” anything. He just dumped billions of our taxpayer dollars down a rat hole to buy Democratic votes. Detroit was never going to be saved. Like an out-of-control drug addict, Detroit is a self-destructive spending addict headed for a tragic ending. Obama only postponed the inevitable and bought votes by using your children’s and grandchildren’s money. They’ll be paying the interest on this debt 50 years from now, and they won’t even get a car in the bargain.

Lesson No. 2: Mitt Romney was criticized harshly for saying Obama bought the election with bribes. Did you see the Democratic councilwomen from Detroit saying that the voters of Detroit voted overwhelmingly for Obama, so now he owes them? It sounds like Romney hit the nail on the head. Obama’s voters did indeed vote for the candidate they thought would provide them with the most freebies (bailouts, free contraception, entitlements) and handouts. Here is the irony: This is the exact same mentality that led to the death of Detroit.

Lesson No. 3: Detroit’s demise is America’s future under Obama. Look at the facts. Detroit is a one-party town. For decades, it has been run 100 percent lock, stock and barrel by liberal progressive Democrats — politicians who ruled with the exact same agenda and policies as Obama. There is no opposition party; there are no checks and balances. Republicans sightings in Detroit are just a rumor from the past — kind of like extinct dinosaurs. So Detroit is the perfect test case for proving what happens when you allow Democrats like Obama to run things their way. For decades, Detroit has followed Obama’s policies of big government always knows best, and massive taxing and spending.

Look at the results. Detroit has $2.5 billion in debt, similar on a local level to Obama’s $16 trillion in Federal government debt. (With unfunded liabilities, it’s actually more than $100 trillion). Due to too many government employees who are paid way too much and allowed to retire way too young with obscene pensions and unaffordable healthcare paid for life, Detroit has $11 billion in government employee retirement obligations — $11 billion in one abandoned city.

Obama’s America, for exactly the same reasons, has several trillions of dollars in unfunded liabilities for government employees. None of these absurd pensions can ever be paid. Detroit has to go bankrupt, and its union contracts will have to be voided in bankruptcy court. There is no way to ever pay them. America has to start thinking about how to do the exact same thing on the Federal level. I used to say, “We are Greece, except 1,000 times bigger.” But now just think of us as Detroit on a much bigger scale.

Detroit’s unemployment rate is sky high — just like Obama’s America. Actually, unemployment is twice as high as the metropolitan area around Detroit. Why? Because many of the towns around Detroit are Republican suburbs run with discipline, fiscal responsibility, lower taxes and lower spending.

Unemployment and bankruptcy aren’t the only results of Obama’s progressive liberal policies. Detroit is the most violent, crime-ridden big city in America — with strict gun control, by the way. Gun control is a joke. The only thing it controls is good people, who are prevented from getting guns to defend themselves. Criminals and murderers run free in “gun-free zones.” That school in Newtown, Conn., was a gun-free zone. Did that designation save those poor kids? What it did was leave the adults in the school unarmed and unable to defend the kids. Is gun control working in Detroit or Cleveland or Chicago or Washington, D.C.? Those cities with the strictest gun laws also happen to lead the Nation in murders, because gun control leaves the good citizens defenseless.

But I digress. The list of Detroit’s damage and dysfunction continues. Detroit has America’s most disgraceful public schools. Two-thirds of Detroit’s street lamps are broken. But why fix them? No one lives there anymore. During the past decade, a quarter of its population has escaped, leaving a literally vacant town. The Wall Street Journal recently reported that Detroit’s abandoned lots combined are bigger than the entire city of Paris.

Detroit’s historic Woodmere Cemetery, where the town’s most prominent citizens have been buried since 1867, has been vandalized and desecrated, with desperate thieves stealing copper doors off mausoleums and selling the stolen goods for scrap metal. Folks, this is what Armageddon looks like. This is Greece in America. And this is what happens when Democrats get their way. Detroit is the test case for what America will look like if Obama gets his way. There’s no debate: Detroit’s Democrats got their way. This is the result.

Detroit’s policies are Obama’s dream come true: big government, big taxes, big spending, powerful unions, out-of-control entitlements, big deficit and debt, too many government employees, early retirement, obscene pensions, public schools run by all-powerful teachers’ unions with no competition and no choice for parents, and free healthcare provided by government (for government employees and the poor, which is pretty much the entire Detroit population). Do you want to bet Detroit leads the Nation in the percentage of the population on food stamps? If it doesn’t, it’s only because Obama’s Chicago is in first place.

What is at the center of this tragic American nightmare? Unions. You know, the ones that are Obama’s staunchest supporters and contributors. The same ones that now own him and most progressive liberal politicians. The Wall Street Journal points out that Detroit will spend $160 million this year and $135 million next year on just the retirement benefits of government union employees. That’s after factoring in the mayor’s labor reforms.

Unions bankrupted Detroit — just like unions bankrupted the auto industry. And because they bribed Obama with millions of dollars in campaign donations in 2008, Obama looted the taxpayers to bail out those unions — just so they could continue the scam: paying bloated salaries and obscene pensions to drill rivets into fenders, while the company that pays the bills go deeper and deeper into debt. This is now how America is run, too.

Government employees in Detroit have “defined benefit” pension plans that let them retire in their 40s and then get paid a fortune for 40 or 50 years — twice as long as they worked. This exact insanity is bankrupting cities, counties, States and even our Federal government from sea to shining sea. Keep in mind there are more than 22 million government employees in America. Yes, I said 22 million. All are aiming to retire with big pensions in their 40s; to live 40 more years of leisure built around golf, cruises, early-bird dinners and, of course, voting Democratic on Election Day. And here’s the really scary thing: With medical advancements, they may live 50 or 60 more years. That would add $2 million to their pensions.

This is Obama’s America with everyone working for government or unions or living on entitlements and handouts provided by government. This is what happens when an economy is run based on “The Big Obama Three” principles of “fairness, equality and social justice.” This is what happens when the politicians and bureaucrats of government get together with the unions, entitlement addicts and class-action lawyers to rig the system so that “the rich” and the business owners are the targets to pay for it all.

The final result is just like Greece: The rich and business owners leave as fast as they can. They run for their lives to protect themselves and their families. Recognize the result. I’m not making this stuff up, folks. They did leave Detroit. Everyone with money and smarts left. And they escaped to places like Texas, Nevada, Arizona, Florida, North Carolina and Georgia: States with lower taxes and smaller government. Soon, (just like Detroit) with Obama in charge, people like that — the ones who pay the taxes –are going to leave America.

Detroit is the Obama blueprint. This is how you run a country with no Republican opposition in the way. Detroit is our future laid out before our eyes. Detroit is our canary in the coalmine.

By re-electing Obama, a majority of Americans, after decades of being dumbed down and indoctrinated by members of the teachers’ union in public schools, voted for… Detroit.

Be scared. Be very scared — for your assets, for your income, for your future, for your children and grandchildren. This is the future we have to stop before we all live in a Third World country like Detroit.

I’m Wayne Allyn Root. This Christmas think about about what America used to be about, should be about and must be about in the future if we are going to survive: God, faith, family, capitalism, small business, private-sector taxpayers, economic freedom, free speech, the right to carry a gun to protect ourselves not just from criminals but from government, patriotism and American exceptionalism. We must get back to those values, if we want to save America.

Let’s reflect on those values this Christmas. Kiss your kids for me, and tell them how blessed they are to be Americans. Let’s stand up and defend the real America — not Obama’s America. I’m Wayne Allyn Root for PersonalLiberty.com. Merry Christmas and God bless America.

Teaching House Speaker Boehner How To Negotiate

[youtube http://www.youtube.com/watch?v=A1GfrzbeFh4?rel=0&w=640&h=360]

 

Hello, I’m Wayne Allyn Root for Personal Liberty. House Speaker John Boehner is negotiating like a man who believes he is already outflanked and defeated by President Barack Obama. As a Republican, I am embarrassed for Boehner and my party.

As a small businessman who has survived through his street smarts and negotiating skills (often up against much wealthier deep-pocketed competitors), I have some pointers for Boehner. I’m going to teach him out to negotiate from strength, not weakness. My goal is to prevent a GOP “brand suicide” in these fiscal cliff negotiations.

First, winning this negotiation is about winning the media battle. You need a winning argument. Doesn’t Boehner know that this battle has already been won in England? Why aren’t the House Speaker and his lieutenants in the media day and night, pointing out that the U.K. tried Obama’s exact idea of a “millionaire’s tax” only a year ago and it proved a disaster. Two-thirds of the millionaires in the U.K. disappeared in one year: from 16,000 to 6,000. Either they moved to other countries with their money, or they slowed down and stopped working so hard.

As a result, tax revenues plunged, instead of increasing. Two years ago, British millionaires contributed 9 percent of all taxes. After the special tax on “the rich” passed, this same group produced 4.4 percent of all taxes. In other words, U.K. politicians damaged their economy, and proved that revenues go down with the same “millionaire’s tax” that Obama now demands.

There is no debate. The case is settled. The “millionaire’s tax” is a proven failure. Get that message out before we kill our economy just like the U.K. did.

Second, winning this negotiation is about winning the public relations battle. Obama travels the Nation, stopping in the homes of middle-class families and asking them how paying $2,000 in extra taxes would affect them. Brilliant.

The face of the top 2 percent isn’t a billionaire. It’s the small-business owner, the professional, the family farmer. The GOP needs to win over the American public by showing them the faces of small business that will be affected by higher taxes.

The GOP should purchase national TV infomercial time and introduce America to farmers who will lose their farms because of this new tax; doctors who will lay off nurses; homeowners who will no longer pay the mortgage on their underwater homes if they get hit with higher taxes or loss of deductions; small-business owners who, because of a tax increase, will lay off half their employees.

Show the voters real faces and real stories. I know people with each of these stories — including me. Maybe Warren Buffett and Bill Gates can afford a tax increase, but most small-business owners are struggling to pay bills and keep their businesses going. We are hurting, too. We cannot afford a tax increase. “The rich” that Obama is attacking aren’t billionaires. They are you and me – small-business owners. Why is it OK to present us with a tax increase for Christmas?

Third, Obama claims this tax increase is “just going back to Clinton-era rates.” The GOP needs to take the offensive to debunk this misleading statement. The Bill Clinton economy was fueled by a GOP Senate and House that forced Clinton to cut spending, cut rules and regulations, lower capital gains taxes (to encourage investment, thereby creating jobs), and end welfare as we know it. And the GOP Congress killed government-run healthcare, too. The Clinton economy boomed because government, spending and entitlements were much smaller than today.

Each time Obama demands Clinton-era tax rates, Boehner should say: “Let’s go back to the size of government, spending and entitlements under Clinton. Let’s eliminate all the rules, regulations and mandates since Clinton. Then, we can compromise and raise rates to Clinton levels.”

Fourth, Obama claims his victory was a mandate for tax increases. So let’s give Obama’s voters tax increases. Why is Obama defending the Bush tax cuts for 98 percent of Americans? Obama is admitting that Bush was right: Lower taxes are good for the economy. He says a tax increase now would devastate the economy. Really? If lower taxes are good for Obama’s voters (who voted for higher taxes), why wouldn’t they be good for everyone? This argument makes Obama look foolish and hypocritical. Boehner needs to take the offensive.

Fifth, point out that Obama created the fiscal cliff with $5 trillion in new debt. He is a spending addict. There is no “tax problem.” Taxes aren’t low. Obama has more tax revenues than any President in history. He’s just spent it all and then some. If high taxes worked, why are the PIIGS (Portugal, Ireland, Italy, Greece and Spain) all bankrupt and insolvent? And closer to home, why isn’t Detroit an economic model for the Nation? Why have more than 1 million citizens escaped from California in the past decade? There is no debate; this is already settled. Big government, big taxes and big spending destroy economies.

Lastly, let me give Boehner a hint about the art of negotiating. Obama already showed his hand a year ago. He asked for $800 billion in new taxes. This time, he asked for $1.6 trillion. That was a negotiating tactic. When Boehner came back with an offer of $800 billion, he handed Obama 100 percent of what he wanted in the first place. How dumb is that? How weak is that? Who taught Boehner how to negotiate? A librarian?

Boehner needs to point out there is only one antidote for this mess. Canada proved it in the 1990s. Its political parties agreed to compromise with massive spending cuts and tax cuts. That combination worked. Its economy healed. Its debt crisis ended.

That Canadian miracle proves that Ronald Reagan missed the other half of the equation that would have put our Nation on the right path 30 years ago: combining big tax cuts that encourage, motivate and reward entrepreneurship, investment and financial risk-taking with big spending cuts. That’s the half that never happened under Reagan: the spending cuts. Put those two together, and we get the greatest economic explosion in world history.

But Obama wants the disastrous opposite: tax increases combined with more spending and more debt to solve a spending and debt crisis. That’s like being diagnosed with cancer and asking your doctor for more cancer, which is why Boehner needs to get strong, be bold and take the offensive.

If the GOP caves on tax hikes, it is committing “brand suicide.” Going along with tax hikes as a compromise is not the answer, simply because it’s going along with damaging the U.S. economy.

In any negotiation the only way to win is to walk in prepared to walk away from a bad deal. Speaker Boehner, this is how you win a negotiation.

I’m Wayne Allyn Root for PersonalLiberty.com. See you next week. Same time, same place. God bless America and capitalism.

It’s Time For The GOP To Sacrifice Warren Buffett And The Billionaires

[youtube http://www.youtube.com/watch?v=qG9IcFJM4yQ?rel=0&w=640&h=360]
 
Hello. I’m Wayne Allyn Root for Personal Liberty. I’m a small businessman who believes we are all over-taxed. I would not raise anyone’s taxes — not one dollar. Saving this economy is all about cutting spending dramatically. We don’t have a tax problem in America; we have a spending and entitlements problem. If I were in the GOP Congressional leadership, I’d never vote for a tax increase on anyone. Let Barack Obama pass a tax increase that sends the economy off the cliff by himself, then he can take the full blame.

But since John Boehner is the worst negotiator on Earth and is a weak-willed coward who has already showed his hand and offered Obama $800 billion in tax increases (the exact number Obama wanted in the first place), then I have a suggestion for the GOP.

Since Obama’s pet billionaires like Warren Buffett are so quick to sell out the upper middle class, two can play at that game.

Boehner obviously is frightened to death that Obama has GOP Congressmen between a rock and a hard place. He sees only two choices: Go along with Obama and raise taxes or be painted as “the party of the rich.” So since the weak-willed GOP is dead set on compromise (a terrible mistake unless it gets massive spending cuts in return — which it will never get from Obama), here’s a compromise that turns the tables on Obama.

I say it’s time to sacrifice the billionaires to save small business and the GOP.

Let’s start with the Warren Buffett story. Buffett is a complete phony, a con man. He’s the biggest tax avoider in America, yet he tries to portray himself as a “fair and generous man” who gladly wants to pay more taxes. It’s time to call his bluff.

Buffett and his best friend, Obama, have played a con game on the American people for too long. A Washington version of three-card monte, they misdirect, distract and divide with class warfare. The truth is the “top 2 percent” they are so keen on taxing isn’t made up of billionaires with yachts and private planes. It’s mostly a bunch of hard-working small-business owners (like me) who have no money to spare.

Buffett is a world-class phony and hypocrite. Buffett or any other billionaire liberal can voluntarily pay 35 percent tax rates (or higher) anytime he wants. Why not 50 percent? Or 90 percent? Billionaires don’t need the money, or so says Buffett. If he’s so keen on paying more taxes than his secretary, why does he choose to pay her with income that will be taxed at higher rates and yet convert all his income to capital gains, so he pays the smallest amount? What a hypocrite!

Are you aware Buffett is in a billion-dollar tax fight with the Internal Revenue Service? Yes, for years, Buffett has paid the best tax lawyers money can buy to not pay $1 billion one of his companies owes the United States. If you’re rich, generous and intent on paying more, why not just pay what you owe?

The reason, of course, is because Buffett doesn’t intend to pay more. He wants you and me to pay more.  His accountants and lawyers will keep his taxes low or nonexistent. High income-tax rates are another way billionaires like Buffet, who don’t live off their income, increase their advantage over small businessmen like me who can compete with them only by investing what we have left after we pay our taxes.

Oh, by the way, did you know Buffett’s father was a well-connected Congressman? He’s had a silver spoon in his mouth and gold-plated connections since the day he was born. He couldn’t care less about you and me. He cares only about the next sweetheart deal he can get from Obama. See this article.

Small businessmen like me don’t get sweetheart deals from government. We have no teams of lobbyists or lawyers on call. We need our earnings — desperately. We use our earnings to pay our employees, support our families, pay for our children’s college educations and provide for our retirement (small-business owners have no pensions). But most importantly, small-business owners need our money to start and expand our businesses or, in this horrible Obama economy, save them. Take more of our money with higher taxes and we won’t be able to pay for our employees’ health insurance, make payroll or keep our doors open in a crisis. And we’ll never be able to retire. Is that fair?

Mr. Buffett, please stop lying. Stop lumping us into your group. An income of $250,000 to $500,000 is hardly rich, and we need our money. Billionaires like you don’t create jobs. Seventy-five percent or more of new jobs are created by small business. How dare Buffett and Obama play a con game, saying: “The rich don’t need the extra money.” That’s a big, fat, Pinocchio-like lie.

Here’s another big, fat lie. When Democrats quote 80 percent tax rates of yesteryear to make today’s top rate of 35 percent seem “low,” they are leaving out all kinds of facts. On Wall Street omitting facts is called fraud.

First, that high rate of yesteryear applied only to the obscenely wealthy, not small business. Franklin Delano Roosevelt’s 79 percent top rate applied to only one billionaire in the whole country, and that rate kicked in only at an income of almost $100 million (in today’s dollars). Did you ever hear Obama say that?

Second, deductions were much higher in those days, so the higher rate was grossly misleading. Third, it was primarily a cash economy wherein the tax rate was meaningless because few ever paid it. The fact is those 80 percent (or higher) tax rates applied only to billionaire industrialists (like bigmouth hypocrite Warren Buffett).

Buffett and Obama are trying to divide the GOP, force it to sacrifice small business or be painted as “the party of the rich.” The GOP should break that stranglehold by positioning itself as the protectors of small business. The sweet spot where all the jobs are created is small-business owners earning $250,000 to $500,000. To prevent a collapse of the U.S. economy, the GOP needs to become the courageous fighter for small business.

Let’s give Buffett a taste of his own medicine. Forget the super-rich and the corporate CEOs. The phonies with the private jets and yachts supported Obama and claim to want to pay more taxes, so let them. The GOP should propose a deal to raise tax rates starting at incomes of $5 million, $10 million and $20 million per year. Add a special tax increase (a huge one) to incomes over $100 million per year. Hit Buffett where it hurts. Let’s see if the old, hypocritical geezer agrees to that one. I’m betting he blows a gasket. I’m betting he whines and complains and says it’s too expensive and the billionaires will leave the country, which exposes his lie and hypocrisy. He wants the tax increases on other people: the middle class, the upper middle class and small business. You and me. Let’s turn the tables on him. If Boehner is going to compromise on taxes anyway, let’s sacrifice the billionaires.

Result? The GOP is now the hero, the protector of small business. Thirty million small-business owners will owe a debt of gratitude, along with everyone who works for them. That’s probably a total of 50 million to 75 million people the GOP has stood up for, saved their businesses and saved their jobs.

In return for sacrificing the truly rich, the GOP should demand Democrats give a minimum of three to one in spending cuts: cuts that take effect right now — not 10 years in the future when a new weak-willed Congress will make sure they never happen at all. If Obama won’t do that deal, then he proves he’s the enemy of small business, he’s the protector of fat cat billionaires, and he has no interest in reducing the debt. If that’s the case, the GOP should walk away, let Obama send the economy off the fiscal cliff and allow Obama to take 100 percent of the blame. It’s his economy. Let him own it.

Oh, and he can keep Warren Buffett, too.

I’m Wayne Allyn Root for PersonalLiberty.com. See you next week. Happy holidays and God bless.

Can The GOP Really Be This Stupid?

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Hello, I’m Wayne Allyn Root for PersonalLiberty.com. Can the GOP really be this stupid? It appears many GOP Congressmen are suddenly willing to raise taxes. What utter fools. As Forest Gump’s mother (played by Sally Field) said: “Stupid is as stupid does.” And this is world-class stupid.

If GOP politicians can’t figure out any good arguments to oppose tax increases, I’ll give them a few.

First of all, Barack Obama and the Democrats argue that the wealthy don’t pay their “fair share.” Really? The top 1 percent pay 40 percent of all the taxes. That’s not “fair?” They also account, according to The New York Times, for 33 percent of consumer spending and 30 percent of all charitable giving.

So if everyone agrees that allowing a tax increase on the middle class, in the middle of an economic crisis, is bad for business, why would it be OK to raise taxes on the group that makes 33 percent of all purchases in the economy? You mean high-income taxpayers won’t cut down on spending, buying homes, starting businesses and creating jobs? Wow, if that’s true, monkeys can fly, hell is freezing over and Democrats can defy the forces of gravity.

Only those totally ignorant about the economy — those who have never actually created a job — believe the fairy tale that taking money away from the top spenders, investors and job creators isn’t going to further damage the economy.

Secondly, Obama claims that it’s “fair” to go back to “Clinton-era tax rates.” Well, that’s just not true. Under Clinton, there was no Obamacare. The new healthcare law raises taxes dramatically on the highest income earners. So by combining income tax increases with Obamacare taxes, the highest earners will pay substantially more than under Clinton. So Obama’s claim is a lie.

More importantly, Obama is comparing apples to oranges. Economic growth is about more than taxes. It’s about regulations, mandates, entitlements and spending. So the next time Obama suggests it’s “fair” to go back to Clinton-era tax rates, the GOP should say it’s only “fair” to go back to Clinton-era spending, regulations and welfare reform. Let’s agree to roll back all spending, entitlement increases, government programs and regulations enacted since Clinton. That’s the only compromise the GOP should agree to.

Obama and the Democrats also love to point to Ronald Reagan as a man willing to raise taxes. Reagan was actually the greatest tax cutter in American history. He cut income tax rates from 70 percent to 28 percent. This massive tax cut saved the U.S. economy, directly created more than 20 million jobs and motivated record-setting economic growth.

But after all that massive tax-cutting created the greatest economic expansion in history, only then did Reagan agree to compromise and raise a few taxes in return for serious spending reduction. Compromising after the economy has turned around and a magnificent expansion is under way is far different than raising taxes in the middle of an economic crisis. To compare the two is fraud.

Democrats have used Reagan’s “compromise” as an excuse to paint Republicans who refuse to raise taxes as “extreme.” Republicans should turn the tables. Whenever a Democrat like Obama wants to raise taxes, Republicans should point to Democratic hero John F. Kennedy as the ultimate tax cutter and call Democrats “extreme” for ignoring the success of JFK’s tax cuts.

I’m also sick of hearing Democrats call today’s tax rates “historically low.” That is once again a lie. There are many factors that determine your tax bill — like deductions and tax credits. Overall, we are all paying among the highest taxes ever. That is why “Tax Freedom Day” is now set at April 3. That means the average taxpayer has to give the government all his money until April 3 just to pay his tax burden.

Yet in 1900, “Tax Freedom Day” was January 22. Facts don’t lie, folks. If taxes are low, as Obama keeps claiming, then why does it take until April to pay our taxes versus mid-January in 1900? Because Obama is lying. Our tax burden is today just about the highest in history.

Perhaps stupidest of all is the idea of raising “revenue” instead of taxes. GOP politicians spout this nonsense all day long. You can’t claim to be against tax increases but then vote to “raise revenues” by eliminating deductions. How is that different? If my taxes go up, what difference does it make how it gets there. If I used to owe $10,000 to the IRS but now I owe $15,000, didn’t I just lose $5,000? Does it matter if tax rates went up or my deductions were eliminated? You can disguise your words, but you can’t hide the truth.

Here’s some common sense for the economically ignorant in Congress. This entire Great Depression II was created by the collapse in residential real estate values. Reduce or eliminate the mortgage deduction for upper-income taxpayers, and you will automatically wipe out about one-third of the value of every high-end home in America. Entire upscale suburban neighborhoods will be decimated overnight. Foreclosures will skyrocket. Residential real estate will take a final dive, causing a new bank crisis. Wealthy consumers will slow their spending. We are looking at a total collapse of the U.S. economy caused by ignorant politicians. Unfortunately, some of those ignorant politicians are Republicans.

Lastly, Republicans need to point to the EU as an example of high taxes damaging or destroying an economy. If higher taxes help an economy, why is the EU insolvent and on the verge of a Great Depression? Why aren’t Greece, Italy and Spain models of economic success?

Just this week in the U.K. it was proven that tax hikes on the rich are a massive failure. England passed a new tax rate just for millionaires. The result? Either two-thirds of all millionaires left England in the past year or they all stopped working so they could lower their incomes below the threshold. Tax revenues plummeted. The economy is collapsing. The exact opposite of what the brilliant politicians expected, proving that Obama is dead wrong before we even put a higher tax rate for the wealthy in place. The results will be catastrophic, as our friends in the U.K. just proved.

The GOP’s role is not to assist Obama in crippling business owners and job creators, in destroying even more jobs, in damaging the U.S. economy even further. Let him pass everything he wants and do it alone. That way, he’ll commit economic suicide alone, and he’ll have to accept all the blame — alone.

But to go along with Obama would not just hurt the U.S. economy, it would be brand suicide for the Republican Party. Either you stand for lower taxes and more economic freedom or you don’t. Let’s all hold the GOP’s feet to the fire!

I’m Wayne Allyn Root for PersonalLiberty. See you next week. Same time, same place. God Bless.