Thursday, October 4, 2012

Wayne Allyn Root Nailed it in this Column

Reprinted from Personal Liberty Digest – Oct 4 2012 Online Edition

Article of the Day as far as I am Concerned – by a former Presidential candidate, and the 2008 Libertarian Vice Presidential nominee

Obama’s Suicide Economy

Hello, I’m Wayne Allyn Root for As John Lennon might say, “I want you to imagine with me for a moment.”

Imagine a U.S. President presiding over a country in major economic decline: sales tax revenues plunging; unemployment growing worse by the month; petroleum sales (the foundation of our economy) sinking like a rock; GDP anemic; the real estate crash worse than the 1929 Great Depression; 40 percent of the net assets of the average American gone; prices for food and gas skyrocketing; and suicides going up so fast, they now outnumber deaths from car accident.
Imagine that. It’s unthinkable!

Now, imagine in the face of all that, the mainstream media claiming things are getting better, refusing to challenge the President when he repeats over and over again the lie that “we are in recovery” and viciously attacking the Presidential challenger for daring to criticize the incumbent President? You’d be insane to picture that set of circumstances, right?

Sadly, it’s happening right now. We’ve gone from the world’s greatest economic superpower to an Obama economy where Democratic leaders like Nancy Pelosi claim food stamps and unemployment benefits are economic activity. And in our final death throes under Obama we’ve become “The Suicide Economy.” That’s right. Americans are so happy and financially secure under Obama, they are committing suicide in record numbers. More people are now purposely killing themselves than die in car accidents — for the first time ever.

How bad is the economy? Here are the stats the mainstream media are covering up:

A month ago, California reported sales tax revenues plunged1 a shocking $539 million below expectations. That’s over a half billion dollars in one State, in one month. Does that sound like a recovery to you?
The jobless rate rose2 in 44 States in July, including nine out of 10 battleground States. In August, Nevada’s unemployment went back up past 12 percent again. Does that sound like a recovery to you?
The American Petroleum Institute reports that U.S. consumer demand for oil3 and other forms of petroleum in July was the lowest since 1995. Does that sound like a recovery?

The labor force participation rate4 for all workers is the lowest since 1981, but for men it’s the lowest in over half a century (since 1948). Obama’s campaign slogan is “Forward.” When it comes to jobs we are heading 55 years backward. Does that sound like a recovery?

“Help wanted” ads5 have collapsed in back-to-back months to the lowest levels since the Lehman Brothers financial disaster. Does that sound like a recovery?

Just days ago, we heard the terrible news that durable goods orders dropped6 a horrific 13.2 percent last month. That is a measure of factory activity. This was the worst drop since the throes of the deep 2009 recession. More signs of business off the rails under Obama.

The final sobering stat is that 37,000 Americans are now committing suicide annually7 under Obama — more than die in car accidents — for the first time ever. Does that sound like a recovery?
There are two conclusions to be drawn from all these sobering economic statistics, but especially the rise in suicides.

First, there is no recovery. We are in far deeper economic trouble than the media admit. I’m an entrepreneur, small-business owner and capitalist evangelist who happens to have a media megaphone. I can tell you from firsthand experience what is happening at ground zero of the economy. Business is what I do, what I live, every minute of every day. And I can report that it’s ugly (and getting uglier) on Main Street.

There are no jobs. There is no improvement in business. I predict that soon after the holidays (and the election), if the massive tax increases are allowed to take effect, the U.S. economy will suffer a dramatic collapse. The stats reported above are warning signs of a coming economic Armageddon. Is anyone listening?

But as bad as things are here, Europe is the real “canary in the coal mine.” Looking at the EU is like looking into a mirror to see America’s future under Obama. Just in the past few days, we saw in the headlines stories about what is unfolding in Europe: unrest in the streets, rioting, violence, one-third of the business in Athens out of business, middle-class people starving and scavenging through dumpsters in Hungary and Greece.

All of this pain and tragedy is caused by big government and big debt. By governments spending far more than they take in. Eventually, it catches up with you. Eventually, the investors of the world stop lending you money. And then, the crisis hits. All at once, your country goes from a normal existence to a Great Depression to a daily struggle for survival. Don’t look now, but it’s headed your way, folks.
Obama is leading us in the exact same direction as Europe. Obama’s plan is just Europe’s plan for the past half century. It’s just old, tired, worn-out, refried socialist failure.

The sales tax drop in California, the drop in petroleum product sales, the drop in factory activity, the drop in “help wanted” ads, the rise in depression and suicides: These are all signs of where we are headed. All the tragic economic statistics above prove that even Obama and the Fed cannot print enough fake money to paper over the truth — just as the European Central Bank and the IMF (International Monetary Fund) can’t print enough money to paper over the truth about Europe. The EU is broke, insolvent and about to experience an economic tragedy that history will talk about for centuries to come. And, of course, the EU is going to break up.

The second conclusion you can draw from the stats above is that the mainstream media are trying to protect Obama. They know that these bleak economic facts would doom Obama’s re-election. So they have imposed a total media blackout. You’ll never hear the truth about the state of our economy from the mainstream media.

Just consider if suicides were dramatically up under a Republican President like Reagan or Romney at the same time the economy was in free fall, what would the media say? They would not only make the connection, they’d be trumpeting this tragedy in bold headlines 24 hours a day. They would blame the suicides on the poor economy. They’d blame it on capitalism. They’d blame it all the spending cuts and lack of compassion of a Republican President.

So far, Obama gets a pass because of the biased, leftist media. But history won’t be so kind. There is only one way to describe what we are all living through.

Someday, history books will call this “Obama’s Suicide Economy.”

I’m Wayne Allyn Root for Personal Liberty. See you right back here next week. Same time, same place. God Bless.
Wayne Allyn Root8 (W.A.R.) is a former Presidential candidate, the 2008 Libertarian Vice Presidential nominee and a Tea Party favorite. He is the ultimate capitalist evangelist: a blue-collar S.O.B. (son of a butcher) turned small businessman, entrepreneur, CEO, home-schooler and citizen politician. Root is a talk-show host, bestselling author, business speaker and TV/radio commentator on business, economics, entrepreneurship and politics. He is a regular guest on Fox News, as well as on hundreds of radio shows across the United States. Root's opinions reach tens of millions of Americans as a regular columnist and commentator for many of the most popular political and business websites, including He also writes regularly for The Washington Times. He is the bestselling author of seven books. Root serves as national spokesman for several companies, including Asset Strategies International, a global precious metals company, and Senior Economic Advisor to Wealth Masters International, a global financial services company. He is also well known in the television and media industries. Root started his career as an anchorman and host for CNBC (then known as Financial News Network). He has hosted, starred and produced many television shows. Today, he is a producer of the highest-rated television show on Travel Channel, "Ghost Adventures."  Because of his success in the diverse fields of business, media, sports, entertainment and publishing, Root was awarded his own 180-pound granite star in the Las Vegas Walk of Stars. Only 50 legends in the history of Las Vegas have received a star on Las Vegas Boulevard. Root joins Elvis Presley, Frank Sinatra, Wayne Newton, Liberace and Dean Martin, along with other icons of business and entertainment. Root's star can be viewed in front of New York New York Resort. A native New Yorker and graduate of prestigious Columbia University, this capitalist evangelist proudly resides in Nevada, a State with no personal or business income tax. 

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