A few days ago, I posted a video of CEO Steve Wynn railing on the Obama administration for their socialist, anti-capitalist policies. One commenter expressed his disappointment that Mr. Wynn didn’t give any examples of how Obama’s policies are contributing to and causing the continued economic decline.

Lucky for us, iainswife, who blogs over at Shout First, Ask Questions Later and is a contributor to the fabulous Potluck blog points us to a great article in the American Spectator that provides many facts to back up Mr. Wynn’s conference call assessment of President Obama’s socialist policies.

As to what I described in the comment thread as “uncertainty,” my good friend The CL from The Classic Liberal helpfully pointed me to Robert Higgs, who, in 1997 wrote a paper coining the term “Regime Uncertainty” to describe how the socialist policies of the New Deal had a chilling effect on the recovery from the Great Depression. Those similar policies, now employed and expanded by Obama, are having the same predictably disastrous effect today.

Hopefully these links will get you on the path to understanding the effects of an over-expanding federal government, the  incremental destruction of property rights that go along with larger government, the intended transformation of our capitalist economic system to a socialist one and ultimately, an understanding of the loss of liberty for the whole of any nation that implements socialistic policies and programs.

“Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience.”

C. S. Lewis, God in the Dock, p. 292.

Our Constitution was not instituted to save us from ourselves. Our Constitution was written, mainly, to protect us from our government. It’s time we remembered that and elect people who understand it as well. The alternative is not one worth savoring.

  • Otis P. Driftwood July 30, 2011 at 5:43 pm

    The Steve Wynn rant is making the rounds. And that’s not too shabby for a Harry Reid fan and a guy who voted for His Anointedness. And as far as examples of obama’s policies causing and/or contributing to our economic decline – all one has to do is look around. Gas, groceries, utilities, etc. – all are skyrocketing.

  • Trestin July 30, 2011 at 5:52 pm

    I think Dear Leader is in trouble. Minus a Republican split, there is no way he can win legitimately.

  • Steve July 30, 2011 at 8:38 pm

    “And as far as examples of obama’s policies causing and/or contributing to our economic decline – all one has to do is look around. Gas, groceries, utilities, etc. – all are skyrocketing.”

    Hmm.. The prices on these things have been skyrocketing for years. It’s anecdotal evidence at best to link these increases to the policies of this administration or any other. A more significant contributor is the free market at work, pushing the limits of what folks are willing to pay. I’m not criticizing one or the other. But I think it’s disingenuous to pin these things on the policies.

    There may be policy effects. The example listed above at the first link – the Dodd-Frank law – is a prime example of intervention that can do no good and manipulates the system to the benefit of some and the detriment of others. More examples like these that are quantifiable and definitively linked to damage are welcome.

    “skyrocketing prices” is an intellectually dishonest blame force and it doesn’t help the argument simply because so many other forces can cause or contribute to the outcome.

    These are the weakening or strengthening points of this debate and to convince folks you need to be willing to accept truths when arguments are presented just as those you argue with need to be willing to accept like truths to change their perspective. Otherwise it’s just a buzz.

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