Worth ReadingGordon Bishop On The Issues
What's the difference between a Liberal and a Conservative?
Liberals love to spend money they don't have to expand an already tax-burdened Government.
For Liberals, it's all about taxes, taxes, taxes...money, money, money.
Just look at what the current "president" has done to America's economy in his 18 months in office. Obama already has the U.S. in debt to an unprecedented amount: $13 trillion.
Before he gets impeached, or leaves office, the debt Obama will leave behind will be around $18 trillion -- or more!
No country in the world will continue to buy America's debt. The communist Peoples Republic of China holds most of that debt, but China has stopped buying America's debt.
Barack Hussein Obama calls himself a "transformative" leader.
What that means is he wants to first destroy America's economic system and then replace it with his Islamic vision of a Marxist Nation where we will be forced to live in a society driven by "Redistribution of Wealth." We will all be making the same amount of money, but much less than the successful work-a-bees whom we call millionaires or billionaires.
Bye-bye billionaires and millionaires (capitalists) who create businesses, jobs and private sector revenue that makes a federal government possible.
And what will happen when all of this happens?
The U.S. will be a "Third World Nation," Also known as a Banana Republic.
"The U.S. economy is in the early stages of Depression, one which will be much more severe than the 1930s GREAT DEPRESSION.," according to Nobel Prize winning economist Paul Krugman, a product of the liberal Princeton University in New Jersey (the most taxed state in the nation).
New Jersey is, of course, on the brink of bankruptcy at the moment. A new conservative Republican has just been elected in the Garden State, Chris Christie, who's trying everything in the economic encyclopedia to keep New Jersey from going under.
It may be too late for New Jersey, where I was born and raised and raised a family over the past 71 years.
By too late, I mean that New Jersey is already losing hundreds of millions of dollars as the wealthiest residents and businesses are moving out of the Garden State to warmer and more affordable climates.
What will be left behind are those on welfare, unemployment and senior citizens who don't have the money to get out before the full impact arrives.
The only reason my wife and I are staying here is because we have two adult daughters, ages 45 and 42, who have children and find themselves stuck in their Jersey Shore communities of Manasquan and Sea Bright.
We've become victims and prisoners of a corrupt state that became the home of television's popular Mob Boss Tony Soprano. That's right -- the Mafia!
Professor Krugman figures that the cost -- to the world economy and, above all, to the millions of lives blighted by the absence of jobs -- will nonetheless be immense.
"Around the world...governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending," Krugman wrote in the New York Times.
"Unlike governments of the past, which tried to balance budgets in the face of a plunging economy, today's governments allowed deficits to rise."
Thank you, Barack Obama!
The Washington Post was reporting that the recent G-20 Summit in Canada was a "prelude to a depression."
Yale economist Robert Shiller, who predicted the housing bust, has warned that the economy still hasn't escaped the possibility of a double-dip recession.
I'll go along with Krugman: Another devastating Great Depression for America and other countries deeply in debt around the world.
There is no wonder that Barack Obama's poll numbers have plunged down as low as 30 and 40 percent approval ratings. Just before he was elected, the dumb voters handed him an approval rating of 70 percent.
Those days are long gone.
Now we have to dig ourselves out of a debt hole deeper than any others America has experienced over the past century.
P.S. Want to get rid of inflation?
(Gordon Bishop is a 'Who's Who in the World' national award-winning author, historian, syndicated columnist and New Jersey's First "Journalist-of-the-Year"-- 1986/New Jersey Press Association, founded in 1857.)