American Elephants


A Little History That We Need To Keep In Mind by The Elephant's Child

I posted part of this a couple of years ago, but I keep thinking that it’s  really important for us all to remember, and today things seem to go in one ear mind and out the other.

On January 20, 2009, the day President Obama was inaugurated and saved the nation from the clutches of runaway capitalism, the national debt was $10,626,877,048,913. 08. Obama, acting more responsibly than any Wall Street villain, increased that by $6,000,000,000,000. If Barack Obama paid the debt back at a dollar a second it will only take him 126,750 presidential terms to “finish the job” and put us back on solid fiscal ground, Assuming the debt didn’t grow in the meantime.
…………………………………………David Harsanyi, The Federalist

Today I am pledging to cut the deficit we inherited in half by the end of my first term in office. This will not be easy. It will require us to make difficult decisions and face challenges we have long neglected. But I refuse to leave our children with a debt they cannot repay—and that means taking responsibility right now, in this Administration for getting our spending under control.
…………………………………………
Barack Obama:  2/23/09
……………………………………..….Fiscal Responsibility Summit

Here’s the bottom line: Capitalism is the greatest engine for the production of wealth the ingenuity of man has ever invented. Are you interested in helping the poor? Embrace capitalism. Do you want to help clean up the environment? Embrace capitalism. Are you interested in obliterating the scourge of malnutrition in some ghastly African disease, or illiteracy, embrace capitalism. The global poverty rate, Kevin reminds us, has been cut in half in the last 20 years. Think about that. Then think about that. Then think about the sorrowful history of our species up to about 1830. How much progress against widespread—really, near total—poverty had been there from the beginning of time until then—until, that is capitalism started to take off? Not much.
………………………………………..Roger Kimball: 6/12/2014
………………………………………..on Kevin Williamson’s
………………………………………..Catholics Against Capitalism

 


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