BARACK OBAMA MUST BE A ROBERT HEINLEIN FAN! - Glenn Reynolds
Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.
This is known as “bad luck.”
“We had reversed the recession, avoided a depression, gotten the economy moving again,” Obama told a crowd in Decorah, Iowa. “But over the last six months we’ve had a run of bad luck.”
WOLF: The bad-luck president - Dr. Milton R. Wolf
Mr. President, you didn’t run into bad luck. You created it.
America is indeed blessed, but it’s not by some accident that previous generations were able to create the most prosperous nation in the history of humankind. Our founding principles of constitutionally limited government, individual liberty and free-market capitalism have unleashed the powerful American engine of prosperity. This engine is fueled by individual players’ investments of labor and capital, and both are supplied directly in proportion to their confidence of realizing reward.
Americans will have enough confidence to invest themselves in our economy only when the basic tenets of the free market are observed. Chief among them is private property, the guarantee that the government will not seize a citizen’s belongings through confiscatory taxation or other means. Consumer sovereignty is the individual’s right to freely use his purchasing power, which in turn signals to suppliers what and how much to produce. Fair competition is the even playing field where all Americans play by the same rules and are judged by the same standards.
