Time to Exit!

The Road To Serfdom is among the top must reads for anyone.

As Dr. Thomas Sowell accurately notes in a review of F. A. Hayek's masterpiece, "The rule of law, on which freedom itself ultimately depends, is inherently incompatible with socialism. People who are free to do as they wish will not do as the economic planners wish. Differences in values and priories are enough to ensure that. These differences must be ironed out by propaganda or power, if socialism is to be socialism. Indoctrination must be part of the program, not because socialist want to be brainwashers, but because socialism requires brainwashing."

Without the rule of law, you no longer have a nation of virtue wtih freedom and liberty for all.

Unfortunately, the assessment Dr. Sowell arrived upon in review of Hayek's brilliance, is actually happening.

Rather than "cheering for your team" no matter the policy put forth, it seems our citizenry should acquaint themselves with the ability to engage in critical thinking. Presently, powerful ruling class elite and progressive politicians, with the cooperation of their partners in the mainstream media, are pushing their agenda, littered with propaganda and fake news, on the citizenry.

It is, as progressive Stuart Chase wrote in 1942, "The Road We Are Traveling."

The "real" stories, which discredit the propaganda pushed by the central planners, is labeled Fake News.

Fake News is a new weapon designed by the central planners to confuse the citizenry, who has made recent strides on deciphering truth from deception.

But until America firmly wakes up and wins this battle, and make no mistake it is just that, that road is "The Road To Serfdom."

Time to Exit!

TEA Time

I agree with Thomas Sowell.

What is greedy about seeking to retain the fruits of my own labor?

And for crying out loud, why is not considered greed for governments and the idiots who support their unquenchable thirst for tax dollars not considered greed.

In fact, it is immoral for those folks to lay claim to the fruits of my labor.

Taxation, and regulation, are out of control.

The Beatles had it right.

"Let me tell you how it will be There's one for you, nineteen for me Cos I'm the taxman, yeah, I'm the taxman"

The Beatles released Taxman 50 years ago in 1966 on the album "Revolver". No Beatles video, but here is George Harrison with Eric Clapton in for Paul McCartney on lead guitar. TEA time!

Free Markets, Not Affordable Housing, Cure to Housing Crisis

Numerous articles have recently appeared describing an alarming prospect for renters moving forward.

The Atlantic describes a "bleak future for renters" and Zero Hedge noted the "missing" inflation is located in rental rates, which have been on a historic rise. Bloomberg noted "the rent crisis is about to get much worse."

Many have used the fallout of the housing crisis to advance an agenda centralized on the transformation of wealth. An orchestrated series of events, from the FED's ZIRP (zero interest policy), quantitative easing (the printing of money) and the bailout of the nations banking system has led to an inflated stock market where counter party risks have escalated and an increasing disconnect between the worlds of equity and fixed income has emerged. Hypothecation is certain to be an upcoming buzzword.

The economic policies of the left have left those seeking to move up the ladder of prosperity shackled to the ground. Potential home buyers are unable to pull the trigger on purchases of new or existing homes, as median income is stagnant and full time employment growth is non-existent.

In fact, home ownership is at a 40 year low.

Chart via ZeroHedge.com

Left leaning policy wonks, who never let a crisis go to waste, think the government has opportunities to correct the situation, by stepping in to ensure affordable housing.  Stepping in to correct the "situation" they created?  One thing I know; it is not prudent to engage those who caused the problem to fix the problem.

“The economy alone is not going to solve this problem," said Andrew Jakabovics, senior director of research at Enterprise Community Partners, said in a conference call to discuss the findings. "It brings us back to the need to expand affordable housing.”

False.

Presently, consumers are boxed in with historic rises in rental rates (inflation), with little avenue of escape.

More government intervention in the market is the opposite of what is needed. As Ronald Reagan once said, The nine most terrifying words in the English language are, 'I'm from the government and I'm here to help.'

For the problem to be solved, regulation and taxation must retract to allow increases in full time employment, median incomes and entrepreneurship. Further, QE, which devalues the currency, must cease and interest rates must rise.

As the brilliant Thomas Sowell appropriately notes upon the visit of Pope Francis to America, "Pope Francis’ own native Argentina was once among the leading economies of the world, before it was ruined by the kind of ideological notions he is now promoting around the world".

Without question, free market capitalism is the best path to prosperity, where most who achieve it significantly expand their participation in charity efforts. This is not only true in America, but across the globe.

Providing an environment for potential home buyers to escape from being trapped in rental homes is essential to solve the housing problem, and a integral part of that landscape would be free market capitalism unleashing the entrepreneurial spirit of the individual, placing the federal government back operation within its means and a reduction in punitive regulatory and taxation burdens.

As former Rep. Thaddeus McCotter, R:MI, noted, "Reagan trusted in Americans' entrepreneurial spirit, innovative talents, and industriousness, and he agreed with Adam Smith's insight that freedom and prosperity are inextricably entwined and mutually reinforcing. The flexibility of our markets is endangered by excessive regulation, onerous litigation, and government redistribution of wealth".

The blueprint to solve all the nations economic ills has already been written, if our elected leaders chose to engage it.  The current group will not, choosing to increase power over the citizenry through increasing tyranny utilizing divisive policies laced with socialism.

In November of 2016, we have A Time for Choosing.

Progressives Use LGBT Movement to Control Citizenry

With ISIS running roughshod and terror in the air, and with an economy that looks fair with manipulated data but is incredibly fragile and on the brink of collapse, in recent weeks, issues surrounding those not heterosexual have dominated the news.  With age old common law and Christian values whipsawed from every angle, many of us feel we're climbing through the pages of Dr. Seuss's Inside Outside Upside Down.

There have been attacks on bakeries, who due to their religious  faith appropriately determined they would be unable to make a cake for a gay wedding.  A similar issue arose for a pizza parlor in the middle of nowhere that got attacked from all points across the globe. Quite a disturbance for such a limited amount of people.

Then, there is the sad tale of former Olympian champion Bruce Jenner, who has determined he is actually a woman and has begun making his transition, now referred to as Caitlyn.  I think he has major psychological issues, but I hope he finds peace.

These issues have not come to the forefront by accident.  Nobody was shocked the media was poised to promptly react as each of these issues became public knowledge.  Obama did not read about it in the news.

In fact, I deem the whole thing orchestrated.

I recall something I found interesting while watching the Celebrity Apprentice in 2012, noting that a disproportional amount of the charities designated by the contestants were associated with some arm of the LGBT movement. We posted here on BAHL Revere about this the time.

Vice President Joe Biden supposedly misspoke regarding Obama being a supporter of gay marriage, but that was not the case, simply presented that was to open the door for Obama, no doubt a man of principle, to change course once the wind changed direction allowing political expediency.  Same with Hillary Clinton, who for decades stood tall for marriage between a man and woman, citing it as a "bedrock principle".

These folks are liars.  They do not give a damn about gay people, although seemingly non-credible reports indicated both may be bisexual.  Both Obama and Clinton are using the LGBT movement, which again, represents approximately five percent of the population with a full stretch of the figures, to further their political ambitions.

And now, with the Supreme Court recently ruling in favor of same sex marriage, the slippery slope begins a frantic struggle for friction.

As famed economist and Hoover Institution Senior Fellow Thomas Sowell so eloquently stated recently stated in the supreme editorial pages of Investors Business Daily, "When any branch of government can exercise powers not authorized by either statutes or the Constitution, "we the people" are no longer free citizens but subjects, and our "public servants" are really our public masters. And America is no longer America. The freedom for which whole generations of Americans have fought and died is gradually but increasingly being taken away from us with smooth and slippery words".

The reasons for this embrace of the LGBT movement are plentiful; however, most notably,progressive activists in the United States want to use these kinds of laws to destroy free speech in America.  Hate speech is defined as speech that offends, threatens or insults groups, based on race, color, religion, national origin, sexual orientation, disability, or other traits. There you have it, if your religion finds homosexuality offensive, and you think that, you have no doubt offended somebody, and this day and age, that somebody could force your incarceration.

I'll go ahead an offend someone, as I believe marriage is between a man and a woman, with same sex couples free to seek civil unions, allowing them equal rights under the law but not necessarily in the church.

Moving forward now, all legal forms must be altered, and for students filling out forms it will move to parent name rather than the name of the mother and father, diminishing the value of the traditional family. If churches fail to embrace the LGBT crowd, from performing marriages to hiring staff, even if this goes against traditional beliefs of the church, the churches risk losing their tax exempt status. Calls for the stripping of the tax exempt status have already begun.

Christian churches are officially under attack now, and will be set up to be in violation; however, you will not see such effort being made at any mosques.  Islam is being championed; left alone, however, Christianity is deemed unworthy by these elites as traditional America must be discredited and destroyed for the new socialist utopia of one world governance to take root.

Hate speech can fly vigorously aimed at those who don't share admiration for the LGBT community, with labels of bigotry and racism tossed about with little ramification. Free speech will be punished in the court of public affairs if it is deemed inappropriate by the wizards of doublespeak. 

If you own a private company, you will be declared ineligible for consideration for government contracts or dealings with government agencies if you are deemed to profess discrimination against the gay community, or for that matter, illegal immigrants.

If it were only gay marriage, that might be one thing.

However, the issue is never the issue with the left, and the floodgates of rewriting common law and destroying valued traditions with escalating government control is running roughshod, issuing punitive damage to those who dissent.

The LGBT crowd are useful idiots, utilized as a political mechanism by the progressive movement to gain control over the citizenry.  With the help of a rogue Supreme Court who deems themselves able to operate outside of the Constitution, these doors have just been kicked wide open.  

Impeach. It Is Past Time

The Republican Party has seemingly always been involved in an internal struggle between the moderate elite ruling class and the conservative wing.  You may not recall, what with the conservative Reagan economic revolution and landslide victories, the even The Great Communicator was fought tooth and nail by the moderate GOP of the day.

Same story, different day, only, like our nation, the divide has greatly expanded.

A great example of this can be found by a retrospective examination of the recent GOP primary runoff in Mississippi. The extraordinary lengths the GOP establishment undertook to defeat tea party conservative candidate Chris McDaniel and push near comatose Thad Cochran to victory was nothing short of despicable.

It is noted the GOP establishment will sadly go after conservatives with lethal weaponry, but in the fight against big government progressives, legitimate winning strategies and tools for victory are found to be perhaps offending and are left on the table.  This is not by happenstance, because in far too many instances, the GOP establishment and the Progressive Democrats are on the same squad; the big government elite, America's ruling class.

The actions undertaken by the Obama administration on the border, at a number of levels, are lawless and a violation of our Constitution. The Cloward-Piven Strategy, thoroughly covered here on the blog, is being implemented with full speed with America's eyes wide open, and I am frankly amazed folks are not marching with pitch forks.  As Sen. Jeff Sessions, R:AL, pointed out in a letter to Congress; the situation is dire and could well "threatens the foundations of our Constitutional Republic".  Boy howdy, is he correct.  In more ways than one, we are in a Constitutional crisis.

Sarah Palin

With this in mind, Sarah Palin has had enough, and said it is time to impeach President Obama.

President Obama’s rewarding of lawlessness, including his own, is the foundational problem here. It’s not going to get better, and in fact irreparable harm can be done in this lame-duck term as he continues to make up his own laws as he goes along, and, mark my words, will next meddle in the U.S. Court System with appointments that will forever change the basic interpretation of our Constitution’s role in protecting our rights.

It’s time to impeach; and on behalf of American workers and legal immigrants of all backgrounds, we should vehemently oppose any politician on the left or right who would hesitate in voting for articles of impeachment.

The many impeachable offenses of Barack Obama can no longer be ignored. If after all this he’s not impeachable, then no one is.

Palin did not mince words, and given the peril Uncle Sam is in, it is not time for to be unclear. Given the laundry list of impeachable offenses, including the IRS scandal and weapon running, the border is in fact the transformation of America as we know it and is in violation of immigration laws.

You would think that the moderate Democrats and most every Republican would be in agreement with Palin, as adhering the law and protect our sovereignty are integral duties of our President.

But you would be wrong.

Very few, if any Democrats, are voicing concern.  Perhaps Rep. Henry Cuellar, D:TX, who previously proposed legislation allowing Obama to seek a third term, has been most vocal on the left. Most of the administration Obamabots are attacking her, most notably Attorney General Eric Holder, who should be arrested.

 But Palin is also met with resistance by the GOP establishment, with ABC News noting seven who disagree with her.  The list includes the weakness known as Speaker Boehner, progressive John McCain and pundit Bill Kristol, who has been batting about.375 in his political assessments of late.

Pat Buchanan

Perhaps three of the most respected voices, who although noting appropriate grounds, opposing Palin in her call to impeach are former VP Dick Cheney, Thomas Sowell and Patrick J. Buchanan.  A bridge too far, claimed the esteemed author, pundit and former presidential candidate. There are significant differences now than the nation faced with Richard Nixon noted Buchanan, public will the most significant.

"Republicans should drop the talk of impeachment. For the GOP would gain nothing and risk everything if the people began to take seriously their threats to do to Barack Obama what Newt Gingrich’s House did to Bill Clinton".

Pat Buchanan is absolutely correct if your objective is for the GOP to win the most seats possible in the House and Senate.  Thomas Sowell, a brilliant economist and author, summarized essentially the same premise put forth by Buchanan in an Investors Business Daily editorial piece.

Finally, it appears Obama is getting hit in the polls and for the GOP to control the House and Senate would be more effective in controlling Obama than an effort to formally impeach stirring up anybody and everybody amongst the citizenry.

Does that matter much anyway, as the GOP has put up little notable resistance to the policies of Obama, outside of a few brave souls, each of which would be considered conservative if not Tea Party?  I think not, as these are the same members of the progressive aforementioned ruling class.

Furthermore, Obama is turning 200 mile an hour laps on The Road We Are Traveling, which is part of the Fabian Socialist Revolution.  Freedom and liberty are burning off faster than exhaust.

With respect to Buchanan, it is Sarah Palin who is once again correct.  While the points made by Buchanan are politically expedient, we are done playing politics.  Our nation is at stake.

It is far time to operate on principle and law.  After all, are we not a nation of laws and not of men?

Obviously, Obama thinks he is the chosen one, the one who dictates the laws, which ones are adhered to and which ones are not.  Our President is wrong, far beyond the law, routinely operating outside of the Constitution and arrogantly out of line. The actions he is engaged in, particularly on the border which is placing the sovereignty of nation jeopardy, must be stopped.

Surely, there will be a political price.  However, no matter the price, our citizenry must force our elected officials to conduct themselves within the laws of our nation.  If they fail to govern by the laws and principles and consent of the governed, they must be removed.

It is our elected representatives that undertake that action on our behalf.  As Sarah Palin appropriately said, it is time to impeach.

Are You Justified?

A recent editorial in The New York Times was quite an eye opener.

The piece, by Steve Rattner, titled Beyond Obamacare, began with the following sentence: WE need death panels.

Are these the death panels Sarah Palin warned us about?  Not necessarily according to Rattner, but as he puts it, "unless we start allocating health care resources more prudently", the costs of Medicare will explode.

Instead of praising Palin for getting it right, which she routinely does, Rattner places blame on her for ranting about death panels which forced their elimination from the bill of a provision to offer end-of-life consultations.

If it were not for Palin, the issue of death panels would have been buried in the 2700 pages elected officials failed to read, otherwise known as The Affordable Heatlh Care Act, or, Obamacare.  Remember, the bill we have to pass to find out what is in it.

Rattner takes the obligatory swipe at Rep. Paul Ryan, (R:WI), who put forth his plan to save Medicare as part of the Ryan Roadmap for American, and praises Obama' efforts in curtailing costs when in actuality, every cost component associated with Obamacare has risen.

As economist and columnist Thomas Sowell of The Hoover Institute, and American jewell, so eloquently put it, “It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer universal health care.”.

Doing an end run around the truth misrepresenting the thought process for seniors as the end of life approaches is immoral and plain evil.  Obamacare does in fact call for a panel of unelected technocrats placed in position to ration health care services to seniors base on a set of criteria "to be determined by the Secretary". 

Will the Obamacare death panels take a similar position to famed playwright and Fabian Socialist George Bernard Shaw where seniors will be required to justify themselves?



Will those who cannot make a compelling case for themselves be denied adequate health care options as their life comes to an end?  Is this part of an effort to decrease population as a vehicle of social and economic justice.  Who will hold the unelected technocrats accountable? Typically, governments exercising these levels of control over the citizenry without accountability have abused power and have unleashed tyranny upon them.

The entire health care system is broke because of governmental interference in free markets.  Certainly, the principles our country was founded upon ask our citizenry to care for those who cannot care for themselves. Many avenues, from private donations to charities to churches, lead the way in this effort.

Individuals should create estate plans, complete with funding, to dictate how they should live their final years, with participation if desired from their family members. Unless the individual seeks governmental assistance, the government should not be involved in determining these end of life decisions.

The public sector can play a role of partnership in many areas of caring for the poor, but when the government seizes control and builds upon expanding entitlements in an effort create a culture of dependency, the residual is alarmingly negative.  Most importantly off the top, the individual is robbed of their identity.  In addition, unless population decreases (perhaps a goal of the progressives), taxes must be raised to accomodate increases in costs, unless of course care is rationed and death panels are insituted.  Raising taxes decreases economic growth and limits excess captial, which would usually leave government with less, as the Laffer Curve demonstrates.

Obama and his team have admitted Obamacare is a step toward a single payer plan. Ronald Reagan warned us that governmental health care was a vehicle to socialism, and he was right.  A glimpse of what happens when governments cannot deliver promised entitlements can be seen live now in Europe.

The way for America to avoid becoming a broken society like we see in Europe is to decrease entitlements and the creation of dependencey of its citizens by employing free market princples, where work is rewarded with fair wages with expanding opportunites for advancement, helping the citzenry regain their independence and identity.

Free market capitalism remains the best path to prosperity.  In an effort return America to prosperity, the first step would be to elect Mitt Romney as our next President, and begin the repeal of Obamacare and the death panels associated with it.

No individaul justification needed.

Buying A Free Lunch

"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand." ~Milton Friedman

Well that about sums it us does it not?
                                                                                                                                                          
Today is a day to celebrate the life of one of the great economic minds of our day, Milton Friedman, on what would have been his 100th birthday.

Friedman, a long time professor at The University of Chicago, won the Nobel Prize in Economics in 1976 and was an economic advisor to Ronald Reagan.

Advocates of free market capitalism consider Friedman a champion of freedom.  Top economic scholars, inclusive of Don Boudreaux,  Thomas Sowell and Stephen Moore, have strong columns out today in praise of Friedman.  The Heritage Foundation also has presented a commemorative piece, which thoroughly pounds home the work of Friedman demonstrating the economic benefits of free markets.

Those of us non scholars with degrees in Economics studied principles Friedman simplified.  It was Friedman who advanced the theory that there is "no free lunch", a common sense principle that is most demonstrative. Art Laffer famously presented The Laffer Curve on a napkin, because it was just that simple.  Friedman made complex economic theory simple for consumption.

It is too bad Obama did not encounter Friedman if their paths potentially crossed in Chicago, for Obama obviously has no clue on economic theory.

In my view, it seems clear Obama is intent on crashing the system to create socialism complete with a society dependent on government interaction.  Friedman found interaction from outside sources, including governmental stimulus, which can create inefficient markets, should be limited.

In Sowell's column, he quotes Friedman and illustrates the point: This is one of those heads-I-win-and-tails-you-lose arguments. Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.

Friedman, who I had the honor to meet in his late years, is a giant in economic theory whose free market capitalist principles have proven correct. Please listen to him destroy a young fan of wealth redistribution:



Friedman had a PBS Series titled Free to Choose, in conjunction with his book of the same name.  It is fitting, as our current government leaders aspire to limit your choices across the board. From GM vehicles, to Chick-fil-A to searching for a 64 ounce Big Gulp in NYC, the elites are flexing muscle these days.  As Friedman noted, the loss of consumer choice leads to market contraction, and a loss of economic freedom.

Under Obama, we have pursued Keynesian economic theories, and they have failed miserably. As Reagan said, "Well, the trouble with our liberal friends is not that they are ignorant, but that they know so much that isn't so."   Reagan followed the theories of Friedman, which lead to unparalleled economic prosperity; complex theories presented so simply by Friedman many could be written on a napkin.

Happy Birthday Milton Friedman!  Wish I could buy you one of those free lunches, complete with plenty of napkins.

Sack Social Justice Economics

The GOP has a great new ad detailing the dismal state of our economy under the direction of President Obama. Please take a listen:


Obama is not making mistakes in directing the economy. In fact, the results we are seeing are exactly what he is aiming to achieve, complete with a full on collapse of our economic system in an effort to achieve social justice.

The following campaign sticker would present a true reflection of his intentions.

Familiarize yourself with Cloward and Piven to gain a further understanding of how the orchestrated collapse of our economic system achieves the goals set forth; those of a heavy handed government controlling the masses through heavy does of entitlements implementing social justice. This system of government crushes the entrepreneurial spirit, disincentives the work and robs the governed of their identity.

Even if this were a sound goal, what are the odds a government 16 trillion dollars in debt could deliver entitlements as promised?

Taking the Affordable Heath Care Act as an example, Thomas Sowell wrote "It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it."

Many think is sounds like a great plan, but as Ronald Reagan noted, "The more the plans fail, the more the planners plan". In the event you have not noticed, the plans are failing, miserably.

The Howling Winds

There are GOP front runners, and then there is Mitt Romney. GOP challengers to Romney have risen and fallen, but Romney, who looks the presidential part, has remained steady as she goes hanging around 25%.

At the end of the day, it appears none of the GOP challengers can overtake Romney. Mitt has a long list of endorsers, including Bob Dole, Dan Quayle, South Carolina Governor Nikki Haley and most notably, New Jersey Governor Chris Christie.

Newt Gingrich has a few endorsements of his own, including former OU quarterback and Oklahoma Congressman J. C. Watts and Thomas Sowell, of the Hoover Institution, who I admire greatly.

While all these endorsements are wonderful, Romney does not represent the Conservative most Republicans are clamoring for. Romneycare is an albatross, and his belief of man to be participatory in the greatest hoax of all time known as global warming signals big government inclinations all over the place.

Kathleen Parker, a fellow graduate of Florida State University who I rarely agree with, wrote recently in her Washington Post Column that if the GOP does not support Mitt Romney, it is a death wish.

There is a lot to like about Romney, and he likely is the best chance among those currently running to defeat Obama, or so the pundits say. But looking the best among this group is not a life changing experience, and many in the GOP have doubts and are looking over their backs, which is why the winds are howling.

On the heels of a wonderful column by Jeb Bush in the Wall Street Journal today, our friend and WSJ Editorial Board member Steve Moore is out championing a potential entrance of Jeb into the race. While I do not view Jeb as a conservative, he was a very good Governor for eight years here in Florida, and as my friend Van Bo points out, the I-4 corridor will once again be pivotal in deciding Florida, and thus, the nation. With musings about Condi Rice as a VP candidate, a Bush-Rice ticket could do quite well.

Sarah Palin said last night it is not too late to jump in, leaving many to question whether she is reconsidering her status. I am all for it, but not sure she can get enough in the middle to defeat Obama due to the merciless beating she has taken from the biased media. Then again, few thought Reagan could defeat Carter in 1979 at this point in the process.

Is there another candidate rethinking the issue? Paul Ryan? Donald Trump? Mike Huckabee? Who knows.

Should upstart Texas Congressman Ron Paul, who is quite sound on economic issues but as naive as they come on foreign policy, win Iowa, those winds could turn into a hurricane.

There is a long way to go, and not one vote has been cast. Untold events could be on the horizon.

Not withstanding today's strong rally on Wall Street, the Euro crisis is not fixed and could negatively pressure the markets in a lengthy ten minutes. In fact, with the S&P 500 recently breaking its 50 day moving average to the downside, some technical analysts fear the trend is negative. Bank of America's Mary Ann Bartels sees a potential level as low as 935 on the S&P, some 30% below current levels. Throw in a Euro collapse, and free fall comes to mind.

Turmoil in the middle east is another major issue, as is the uncertainty surround the North Korea government in the aftermath of Kim Jug Ill's death.

Certainly, the situation is fluid, and regardless of what the pundits say, Iowa is still wide open. One can only hope a Conservative with firm footing in the first principles finishes strong. If not, those winds will really start howling.

Sowell Explains Basic Economics

An invaluable source on free market economic theory, Dr. Thomas Sowell joins FOX News Sean Hannity for a frank discussion on the current economic climate in America.

Certainly, it was a welcomed development the current tax structure was voted to be kept in place. This is otherwise incorrectly known and an extension of the Bush tax cuts. Once Wall Street became convinced this would happen, the markets responded positively, including a better than expected increase in private sector hiring.

Unfortunately, due to the continued efforts of the Obama administration to expand regulation and government control, most notably in the financial, health care and energy sectors, the economy will continue to be handicapped and unable to operate at full potential.



As Dr. Sowell commented, the kind of big government control currently being exhibited was unfathomable just 20 years ago. Big government control and Keynesian economic theory, proven unsuccessful time after time, needs to be placed in the dust bin of history once and for all.

America at a Crossroad

Without question, government has gone wild. The overreach by our elected officials in many area of our lives is staggering and strikes a blow to our individualism and entrepreneurial spirit.

After a brief overview of recent governmental activity by CNBC's Hampton Pearson, Kudlow & Company's Larry Kudlow discusses the status of free market capitalism with a pillar of economic philosophy, Dr. Thomas Sowell. Take a listen:



Sowell is quite correct in his analysis, as usual. Free market principles, upon which our great nation was founded, remains the best path to prosperity, and Dr Thomas Sowell, through his many insightful books and stellar editorial pieces, stands tall in advancing free market principles and inspiring free market capitalists worldwide.

America is indeed at a crossroad, and the path to freedom is the one based on the free market principles Sowell advocates.

Piece By Piece

Five days before the presidential election last year, Senator Barack Obama declared that he and his supporters were "five days away from fundamentally transforming America". The comment flew by most who heard it, but the grim reality is that since his election, this is exactly what he is doing. If most Americans were aware of it, they would be really pissed.

Over on FOX News, Glenn Beck is brilliantly laying out this case on his 5PM EST program, and he is throwing up ratings never before seen. But, and sit down for this one, most of the mainstream media portray Beck as a crackpot, and therefore, many American citizens out busting their ass to make a living and spending time with their family do not have time to get the real story and discount Becks presentations.

In addition, that same mainstream media, as well as several elected officials, have labeled those voicing their opposition to Obama and his policies as racists. Sure, it is a sign of defeat when you pull out the race card, but while all this rhetoric is being tossed about, it distracts us from the reality that the America out founders fought to create is in fact being transformed by this administration.

In a column in Investors Business Daily, famed author and economist, Dr. Thomas Sowell, The Rose and Milton Friedman Senior Fellow on Public Policy at Stanford's Hoover Institution, lays out the evidence. No one can claim Sowell is a crackpot, or for that matter, a racist. Sowell is one of the top economists around these days and his opinions are well worth your consideration. Please take a moment to read his editorial, which I find right on target.