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By Mr. Curmudgeon:
The Daily News has a reputation for being a quick read for average-Joe, working-class New Yorkers. The paper’s uncomplicated journalistic style requires its writers to use the term “cops” instead of police and “bad guys” in place of suspects. It’s a no nonsense publication.
Sunday, the Daily News endorsed Mitt Romney for president while bluntly hammering the current Oval Office incumbent:
“Achingly slow job creation has left the U.S. with 4.3 million fewer positions than provided incomes to Americans in 2007,” said the News, “Half the new jobs have been part-time, lower-wage slots, a trend that has ruinously sped a hollowing of the middle class.
“The official unemployment rate stands at 7.9%, marking only the second month below 8% after 43 months above that level. Worse, add people who are working part-time because they have no better choice and the rate leaps to almost 15%. Still worse, add 8 million people who have given up looking for employment and the number who are out of jobs or who are cobbling together hours to scrape by hits some 23 million people.
“Only America’s social safety net, record deficits and the Federal Reserve’s unprecedented low-interest policies have kept the label Great Depression II on the shelf.”
The Daily News, simply put, understands what their sophisticated colleagues at the New York Times fail to see – blinded by their slavish devotion to utopian fantasy and its community-organizing pied piper: America is in collapse because its shrinking economy can no longer carry the weight of its entitlement programs. Across the Atlantic, nanny-state Europe fares no better. Not all the king’s central bankers can put the Western World’s Keynesian Humpty Dumpty back together again.
The 1991 collapse of the Soviet Union was the bell that tolled the end of collectivism – not only in Russia but also around the world.
Three major economic events face America this January: sequestration, with automatic cuts to the federal budget; the end of the Bush tax cuts; and the specter of another debt-ceiling increase.
America is running out of economic Band-Aids.
In other words, the defeat of Barack Obama this Tuesday will be rendered meaningless if Washington’s’ watered-down Marxism of Keynesian economics is allowed to continue its destructive borrowing and shoring-up of crony capitalist institutions that brought us to the brink of “Great Depression II.”
The Federal Reserve can print greenbacks till the cows come home and we won’t be the better for it. “When you accept money in payment for your effort, you do so on the conviction that you will be able to exchange it for the products of the effort of others,” says the fictional Francisco D’Anconia in Ann Rand’s Atlas Shrugged, “It is neither the moochers nor the looters who give value to money. Neither an ocean of tears nor all the guns in the world can transform those pieces of paper in your wallet into the bread you will need to survive tomorrow. Those pieces of paper, which should have been gold, are a token of honor – your claim upon the energy of the men who produce. Your wallet is your statement of hope that somewhere in the world around you there are men who will not default on that moral principle which is the root of money …”
Can anyone honestly say that Washington’s big spenders – that devalue our currency and whose $16 trillion debt threatens national default – honor the hard work of millions of Americans who create the wealth government redistributes?
Tuesday, Americans must serve as “cops” to the government’s “bad guys” and end the Keynesian “hope” now annihilating the moral value in our wallets to mere chump “change.”