To My Republican Friends

I have never voted Democrat in my life. I am not an athiest, liberal, tree hugging, socialist, Muslim or globalist. I actually LOVE my country, or at least, the country it used to be. But, to my conservative Republican friends, I want to let you know that neither am I in denial as to how economically liberal that my former party has become. I read the following today and I think it sums up pretty well why I feel like I feel.

The government is mainly in the business of national defense and infrastructure. They benefit from rising tax revenues, not from an increase in marginal tax rates, not from taking a larger piece of the pie, but from taking a smaller piece of a much larger pie. This was the economics of Kennedy, of Ronald Reagan, and to a lesser extent, of Bill Clinton, largely thanks in Clinton's case to the Contract with America bottom up economic revolution of the 1994 Congress. To start a bottom-up approach requires an initial large budget deficit as taxes are rebated and cut, hitting the choke button to start the engine. It appears to be an unproductive use of fuel, but shortly thereafter, the engine is purring and producing more fuel than that initial start up process required. By the end of Bill Clinton's reign over America, we had achieved a budget surplus. America was prosperous. Main Street did well. Households felt good.

But things changed in the early 2000 millennium. Rather than accept a normal mild correction, the decision was made to take a top-down approach to economic stimulus, to attempt to minimize the economic correction, and keep the good times rolling. But the game changed from real prosperity to artificial prosperity. We entered the age of economic oligarchy in our nation, and it started in a big way in 2000. The shift that took place was to equate the economy with Wall Street. Main Street was no longer considered the key cog determining economic growth. Wall Street, mega-money center banks and mega corporations such as Exxon Mobil, were considered to be the relevant drivers of economic prosperity. If Main Street benefitted, great. But if they did not, so be it. The goal was to make sure Wall Street financial firms made big money. Bigger was better. Industry consolidation was considered a good thing where mom and pops were bought out so the mega firm could control local markets. If a few large firms could control commerce, the government could control all commerce through partnering with the few mega-firms. As this incestuous relationship grew throughout the decade, it became increasingly unclear whether it was government controlling the few large firms, or the other way around. It hasn't mattered whether a Republican or a Democrat occupied the White House, the same top-down economic policy has been enforced since 2000. The mantra has been, simply, if it is good for Goldman Sachs, it is good enough for everyone.
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I would like to point out that not only did the Republicans control the post-Clinton White House, but they also controlled the legislative branch as well. The Republican Party is no longer the party that truly cares about America. They, along with the Democrats, have turned our nation from a nation of winners, to a nation of losers. BOTH parties have sold us down the globalist river.

To all my Republican friends who still think that America would be better off economically with a Republican in the White House, you haven't been paying attention.

When we quit wasting our votes by voting for who we think is the lesser of two evils, then, and only then, will we have a chance of turning this thing around. But I am not holding my breath on that one. Most of my conservative Republican friends quit thinking for themselves a long time ago, settling instead to just blindly follow what Fox News or their favorite televangelist tell them what to do.

That's why I continue to buy gold.

I close by asking you to take this advice from Robert McHugh of Safe Haven Capital:

What we have witnessed over the past decade, and continue to witness is nothing more than the sabotaging of the American Economy. The American household elected three administrations to conduct this policy. They drank the Kool-Aid. They believed the smooth talking rhetoric. They ceded their power to an oligarchy. They need to yank that power back, and return this great nation to the democracy our founding fathers established, by holding representatives and an out-of-control executive branch accountable for their oversight and policy mistakes. At the coming congressional elections, any politician who had anything to do with this economic mess should be tossed out on his or her pampered derriere and replaced with a populist candidate, who believes in bottom up capitalism, low marginal tax rates, and aggressive policies to kick start the American household, small businesses, and small banks. The next election may be our last chance, if several ominous Bearish technical charts are accurate, forecasting stock markets world-wide to plunge toward zero around the 2012-2013 time period. Which is a fascinating prognostication, given the plethora of scientific and prophetic evidence being presented regularly on the History channel about the significance of a potential cataclysmic event in late 2012.