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Friday, August 9, 2013

Economic Growth Condidtions

I am no expert in this subject of economic growth, but the dude at Economic Collapse Blog claims to be (and from what I can tell about his Federal Reserve posts, he really is). His most recent post is titled During the Best Period of Economic Growth in US History There Was No Income Tax and No Federal Reserve.
The mainstream media would have us believe that unless we have someone "to pull the levers" our economy would descend into utter chaos, but the truth is that the best period of economic growth in U.S. history occurred during a time when there was no income tax and no Federal Reserve.  Between the Civil War and 1913, the U.S. economy experienced absolutely explosive growth.  The free market system thrived and the rest of the world looked at us with envy.  The federal government was very limited in size, there was no income tax for most of that time and there was no central bank.  To many Americans, it would be absolutely unthinkable to have such a society today, but it actually worked very, very well.  Without the inventions and innovations that came out of that period, the world would be a far different place today.
It is amazing what can happen when the government just gets out of the way.  
Fight group think! Mob rule (which is basically what we have in today's media and administration) has never been praised for its virtue or its truth after it ends. Yet political correctness is exactly that - mob rule - in soft form. The opinions of a few forcing a majority into their line of thinking by implying "this is what everyone thinks," yet being utterly hypocritical to those who do not agree with them. You know, the reports focusing predominantly on GOP=bad and Dem=good. Most Democrat scandals are first broken by right-wing papers, then picked up reluctantly by liberal outlets when both the facts can no longer be ignored and their opinion for objectivity is at stake.

On the other hand, Republicans under scandal aren't supported by right or left media, with a few exceptions such as false scandals in Herman Cain's case. Seriously - we believe anyone who says anything to hurt a Republican, whether it holds up to inquiry or not. Don't think what media tells you to think: ask questions and find answers for yourselves! Yes, this requires more time and energy to research both points of view, but try it as an exercise some time. You'll be surprised.

Let's take this one step further. Obama continues most of Bush's policies today - even exacerbates some of worst of them. Some things Obama has done in office have been far worse ethically and transparently than Bush did. Yet because the media lays the blame on Bush (with Obama's help) Obama isn't seen as responsible and is thus beyond blame, and Obama's more reproachable actions are first criticized by right-wing media. Some of them are not mentioned in liberal outlets to this day. If you don't believe me, then start searching different news sites and see what you find out. "Common knowledge" usually just means "what media/Dems want you to believe." See yesterday's post and Top 10 Questions Journalists Won't Ask President Obama at Press Conference.

Put another way: if Obama had been Bush (Republican) with Benghazi, the IRS scandal, Fast and Furious, and leaked documents (taking the first term alone) and hugely inflated spending (increasing the deficit - remember how they cried about all that with Bush?), the media would have attacked him for the terrible president he is and we would not have seen him reelected. It is the media's defense of Obama and worse, failure to report Obama's failures to the American people that puts us where we are today: on the road to bankruptcy individually and collectively as Americans.

Goodbye, American dream. RIP. Maybe we'll be smart enough to elect fiscal conservatives who give a care about American prosperity in the future. Who give a care enough to cut the exponentially expanding behemoth that is the United States (Big) Government - expanding at our expense. Wouldn't it be lovely to return to the Gilded Age of rapid economic growth and Americans getting wealthier over time on average instead of what we have now - getting poorer on average? This will only happen when we break out of group think and start asking and answering our own questions instead of believing the propaganda in the media.

Here's your first question to investigate: why are the richest in America getting ever richer during these tough economic times, while the rest of us have to stretch our money further than ever? Clue: there is an unhealthy link between lobbying and Wall Street and our wealthiest politicians. Wall Street prosperity does not equal American prosperity. The liberal media will tell you that the rich are richer because we're not socialist or some such redistribution through taxation, but investigate further and you'll see that trying to solve problems liberal thinking caused in the first place (see Big Government, Federal Reserve, and welfare to name just three) is no solution at all.

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