Barack Obama once again — this was either late last week or over the weekend, Obama’s out talking about the economy. It might have been in his Saturday radio address. I’m not sure. He said it before so it’s not new, but he said it again. He said, “We won’t win the race for new jobs and new businesses and middle-class security if we cling to this same old, worn-out, tired ‘you’re on your own’ economics that the other side is peddling. It was tried in the decades before the Great Depression. It didn’t work then. It was tried in the last decade. It didn’t work. You know, the idea you would keep on doing the same thing over and over again, even though it’s been proven not to work. That’s a sign of madness.”

This is Barack Obama essentially saying that America has never worked since the days of its founding. That this “you’re on your own” economics hasn’t worked. I would love to sit down and have a conversation with him and say, “We’ve got $16 trillion in debt. No end in sight because of the deficits you’re running up. Every program that you have put in place has failed, and every program that people like you have put in place has failed in its objective. Would you give me one instance where what you believe in has resulted in private sector economic growth and prosperity? And would you please look back over the history of this country and tell me it didn’t work and give me examples. I want to know what was it before the New Deal that didn’t work?”

By the way, the thing that saved this country economically, after the New Deal, cause the New Deal was destroying this economy, was World War II. The New Deal was an abject failure, just like Obamanomics is an abject failure. But the characterization of capitalism as “you’re on your own” economics is so flawed as to be insulting, that this is what I mean about these people being ignorant. Conceited, ignorant. I have no doubt he believes this. He’s been taught this. He’s theorized about it in the faculty lounge. He believes that capitalism is you’re on your own. He believes that capitalism is people destroying each other, stealing from each other. That’s what he thinks of competition. Competition is immoral, it’s unhealthy because all it does is lead to cheaters. And who are the cheaters? The people that win.

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