It's Not The Economy, Stupid

By Keith Davies

The mid term election in November will be one of the most important midterms in our lifetime. It will signal either the stopping of the socialist agenda of the Obama administration along with its willing accomplices in the current Congress and their cheerleaders in the mainstream media, or it will allow it to continue and jeopardize the magnificent freedoms that the USA has worked so hard to preserve through the great sacrifices that have been made by the founding fathers and the subsequent generations through its history.

The American economy has been steeped in a recession and probably more accurate to describe it as a depression, though we do not admit as such. I would argue, if we look at the real rate of unemployment it is 17% and has been held in check at this rate only because of the band-aid of huge borrowing in order to keep public employees working on money we do not have. Without this spending the real unemployment would be well over 20%.

The reason the economy is in this mess is because of the abandonment of our constitutional principles of limited government and free markets. The real estate bubble and the default of mortgages came as a result of abusive and the stupid lending practices of Fannie Mai, Freddie Mac and many banks that bought into the ruling class policies in Washington which was predominantly Democrat but also Republican progressives who put corruption and greed above common sense and sound economic principles. Thomas Jefferson said “I sincerely believe…that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” We have ignored this principle on a massive scale for the last thirty years.

The last two years instead of returning to our constitutional principles, and common sense free market capitalism we have doubled up the previous policies that caused the problem in the first place. The government has borrowed massive amounts of money, which it cannot repay without destroying the dollar and all we have done is set us up for an even harder landing within the next few years or sooner.

The leaders of this current generation have not only squandered the economic welfare of the present but that of at least two generations forward. While economic strength is desirable for all, we as a country need to swallow some hard medicine, return to our constitutional principles, go through some economic pain so we can come out stronger the other side.

One of the biggest threats to our freedom is that of Islamic fundamentalism, which our government fails to deal with for the same reason i.e. corruption and greed; the same intrigues that caused the banking crisis. Too many of our leaders on both side of the isle are in bed with Arab countries because of bad energy policy, that has tainted the common sense principle of energy independence, and thereby has compromised the security of the nation.

The economy is at the top of the list of issues on the minds of the public, which says much about the real problems we have as a nation. Freedom should be the main issue based on what has been legislated in Congress over the last two years. Limited government and constitutional principles is what our economy needs; so it can redevelop. Free market principles and more power returned to the states as well as to the freedoms of the individual. We need lower taxes, lower government spending, energy exploration incentives and leaders willing to serve the people instead of padding their own bank accounts for political favors. Samuel Adams said “Mankind are governed by feelings than by reason.” If reason i.e. individual freedom is returned to the American people, jobs and prosperity will return, and the history of the past is proof to show us the way forward.

James Madison the main architect of the Constitution said, “I go on the principle that a public debt is a public curse, and in a republican government, a greater curse than any other.” If our founding fathers were alive today they would have cursed the Bush administration and they would have cursed the current Obama regime even more.

And finally, as for Nancy Pelosi with her two thousand page bills and her statement, “that we need to pass the bill so we can find out what is in it,” the great James Madison had the perfect response, “It will be of little avail to the people that the laws by men of their own choice if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood.” If only some of our leaders would even bother to learn and follow the principles of our great founders we would not be in such a mess.

In November you need to vote freedom, as it is this ideal that is the real key to the economic success of the United States.


Keith Davies
Executive Director
Walid Shoebat Foundation