A Revolutionary Tea Party Plan to Save the U.S. Economy from Economic Disaster

By Wayne Allyn Root

Obama is about to present his State of the Union. But he doesn't have a clue about the true 'state of the union' for small business owners. I am a small businessman. My friends are almost all small business owners. We all believe that Obama's prescription for saving the American economy is a disaster. His policies of tax and spend are killing jobs, destroying confidence, and wiping out small businesses by the thousands each month. Without a recovery by small business, there can be no recovery for the U.S. economy.

Today I present a plan that can save small business. My plan is "Reagan squared." It has one goal in mind - creating tens of millions of new jobs by motivating and encouraging small business. This plan allows small business owners to keep more of their own money, and encourages them to invest it, risk it, and spend it on building new businesses, expanding old businesses, and creating new jobs. That is how you save the U.S. economy from economic disaster.

Things are bad... and getting worse. As a small businessman with my finger on the pulse of Main Street, not Wall Street, I see the true state of the union. This is not a recession; it is a depression. We are not in recovery. We are in the depths of a long-term depression. I believe America is on the verge of economic collapse. For us to get out of this 'Great Depression II,' we must focus on small business - not big government, not big corporations, not unions, not lawyers, not lobbyists, not government spending, not stimulus spending, not the hiring of more government employees. None of those create jobs (as Obama has proven). Jump-starting small business is the only way out of this catastrophe.

Printing money and passing out piles of fake cash in the form of bailouts and stimulus may make things look better for the short term, but they only make the long-term situation worse. The fact is governments around the world are out of ammunition. As soon as the stimulus and bailouts run out, we will all feel the REAL effects of this economic Armageddon: devaluation of the dollar; dramatically higher interest rates; dramatically higher taxes; dramatically higher inflation; dramatically lower government bond ratings; default on our debt; and sooner, rather than later, economic collapse. That is the future we are facing - and it is ugly. [more...]

The Obama Death Panels: Unions!

By Wayne Allyn Root

Obama will choose to save unions and destroy small business.

Obama is the first president owned by unions. He models the U.S. after Michigan and California - government employee unions gone wild! There was never going to be a heavy tax on high value “Cadillac” health insurance policies. That was just a smokescreen. That was just a “placeholder” until Obama could come up with taxes on business owners to replace it. Under Obama, it is always the “rich” who will pay. Whether it’s a surcharge on income or a huge increase in Medicare taxes, or an expansion of Medicare taxes to include profits on investment income... you can bet your bottom dollar that it is “the rich” who will pay for universal healthcare.The problem is this category that Democrats call “the rich” is primarily small business owners - the same small business owners that create 80% of all new jobs. Without small business participating - and motivated - there can be no increase in jobs. There can be no increase in taxes revenues. There can be no money to fund Obama’s bailouts, or nonstop stimulus packages, or his gigantic expansion of government. [more...]

The Obama/Goldman Sachs Small Business Scam

By Wayne Allyn Root

Was Goldman Sachs Forced to Make a Half Billion Dollar Payoff to the Minority Community as a (legal) Bribe to Obama?

Did you see the announcement late last week that Goldman Sachs is giving a half billion dollars to small businesses? Or are they? Why are they suddenly concerned with small business? They've certainly never cared about small business before. Could this sudden interest by Goldman Sachs be because it pays to do favors for Obama's friends? And for Obama, everything - including business - is about race. You see, Goldman claimed they are concerned with small business. But the reality is they are only concerned with one tiny segment of small business - MINORITY-OWNED SMALL BUSINESSES; more specifically, minority businesses in minority neighborhoods. Even more specifically, those loans to minority businesses in minority neighborhoods will only be disbursed through "community organizations." [more...]

Unemployment Hits 10.2%... Obama Sends Us on Path to Economic Ruin

By Wayne Allyn Root

Obama Wakes Up to Big Surprise - Government Creates No Jobs… Unions Kill JobsThe national unemployment rate hit 10.2% today. What a surprise! Actually it may have come as a great surprise to "the Messiah" a/k/a President Barack Obama, but it came as no surprise to anyone who understands economics. My old college classmate Obama is not among that group.

Small business creates upwards of 75 - 80% of all new jobs. If small business is failing, there are no new jobs. Without a robust small business community, there can be no economic recovery. All the stimulus money in the world going to Obama's big business campaign contributors - unions, government employees, banks, Wall Street - will not end the recession. All the government jobs “saved” and created will do nothing but take money and jobs AWAY from the private sector. All the billions of dollars lavished on unions and union workers will push the country back into recession. All the government union workers honored with raises by Obama will increase the national debt and damage the economic recovery. Only a recovery led by small business can save us. We are staring at an economic Armageddon - not just for us, but for our children and grandchildren.

We have been lied to by Obama, by Pelosi, by Treasury Secretary Geithner, by Fed Chief Bernanke. There is no recovery. The recession isn't over. To the contrary, we are in the start of a long-term depression caused by big government, big spending, onerous taxes and government regulations placed on business, too much deficit and debt. Obama isn't the solution. He is the problem. He knows nothing about business - small or large. He has never owned a business, run a business, funded a business, or created a job in his life. His entire knowledge of economics comes from books. And they are the wrong books - Karl Marx never created a job either. [more...]

Is Obama Our Bernie Madoff?

By Wayne Allyn Root

Can you imagine investing your life savings with Bernie Madoff now - knowing what you know? Don't laugh. Obama is orchestrating one of the great Ponzi schemes in history. Madoff couldn't have done it any better.

Let's look at the similarities. It's obvious Obama believes he has the answers to every problem, refuses to even listen to opposing viewpoints, and is unwilling to admit mistakes or apologize. Sound familiar? Obama is a Bernie Madoff - a man who thinks he is the "Master of the Universe" and the rest of us are just circling around in his orbit, serving at his pleasure.

Like Madoff, he is charming, flattering, has the gift of gab, and could sell ice to Eskimos. Obama has sold the country on the idea that a man who knows nothing about business, has never created a single job and has never run even a lemonade stand, can run the world's biggest economy. Not only has Obama never run so much as a lemonade stand, my guess is he was the kid who called City Hall to complain about a six-year-old running a lemonade stand without a government license. Now we've entrusted him with the entire U.S. economy in the midst of the worst economic crisis since The Great Depression.

Let's get back to the question: "Would you trust your life savings with Bernie Madoff now - knowing what you know?" We know the government fails miserably at everything it does - the post office, Social Security, Amtrak, to name just a few examples. The government is so inept it even failed running a brothel in Nevada and New York State just declared government run OTB (Off Track Betting) bankrupt. Only the government could lose money on prostitution and gambling! [more...]

Unemployed and Out of Luck: Numbers Don’t Lie

By Bill Glynn

Anyone can stand up and say "You Lie!" The truth is the numbers speak for themselves. We have all watched the housing depression and wealth being wiped out. We all knew unemployment would continue to rise and have a dramatic impact on the economy ongoing. The new 200,000+ unemployed just adds to the pain. The second wave is coming. Inflation will take a lead role in agitating the economy. Gas prices are high and approaching $3 a gallon again. While food and other products remain relatively stable the basics are even getting out of reach for many. It’s a vicious cycle. The more people that tighten their belts or are losing weight quickly, the less they can purchase. The 'Cash for Clunkers' is over and Chrysler may not even make it a year. Although politics and international affairs have overshadowed or even distracted the economic news, I feel it is time again to put attention back on America’s internal affairs. [more...]

Unemployment Continues to Skyrocket: More Proof that Big Government is Too Big to Succeed

By Wayne Allyn Root

Obama Loses His Weapon of Mass Distraction: His Olympic Dream Turns to Nightmare...

He Desperately Needed Olympics to Distract the Masses from Deepening Economic Disaster

Experts love to say that certain big companies and banks are "too big to fail." The reality is our federal government is too big to succeed. It's all going down in flames for Obama - "the anointed one." The economy continues to crumble. Unemployment continues to rise (another 200,000+ announced today). The full truthful unemployment picture is now at a unimaginable 17%. Sales of cars - without the "Cash for Clunkers" giveaway - continue to collapse. Banking experts know that a new wave of residential housing foreclosures is on the way. Worse, a complete collapse of commercial real estate is starting, as landlords of office buildings, strip malls, and shopping centers hand the keys to banks. How do I know? It's happening now in Las Vegas - and we all know "what happens in Vegas, doesn't stay in Vegas." Consumer spending is getting worse - small business owner friends of mine report sales are dropping off a cliff - the worst they've seen yet in this 2-year depression. [more...]

Wayne Allyn Root was the 2008 Libertarian Vice Presidential candidate. His new book is entitled, "The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gambling & Tax Cuts." For more of Wayne's views, commentaries, or to watch his many national media appearances, please visit his web site at: www.ROOTforAmerica.com.