At the outset of 2021, it became very clear that Joe Biden being the leader of this nation and a Democratic majority in both the House and the Senate, would be a bad thing. However, very few would have likely predicted things would get this disastrous in such a short amount of time. That is unless you are former President Ronald Reagan.
It seemed he knew exactly what a complete Democratic rule would do to America as far back as 1984. He even warned us about it. And yet, here we are, up to our ears in chaos and crisis as if we never saw it coming.
How did he know what the Democrats would do? Well, because he lived it, to some degree.
In 1981, when he began his first presidential term, America was in the midst of one of the most dangerous recessions we had seen since the Second World War. Shortly into his first term, unemployment hit a whopping eleven percent, and both inflation and interest rates had reached double digits by the end of the 1970s.
As former President Jimmy Carter said in a July 1979 speech, the nation was experiencing a “crisis of confidence,” a time when the majority of Americans believed that the next five years would actually be worse than the last five. Sound familiar?
And it was all because of big government moves like Lyndon B. Johnson’s “Great Society” of the 1960s that caused the American economy to plateau and the nationwide unrest of the 1970s. Under those moves, taxes were increased, government projects were expanded, and regulations on all sorts of things were given extra weight.
Upon coming into the Oval Office, Reagan’s task was to undo all that.
In his first inaugural speech, “government is the problem,” not the solution. So, he cut taxes, both for the individual and businesses. He also slashed government-funded projects that kept the American people bound to overreaching regulations.
And as a result, our economy finally began to flourish again, with some 18 million jobs being created in the years thereafter.
In 1984, when he began in his campaign to continue those good works at the Republican National Convention in Dallas, he warned us of what would happen should the Democrats be given full control of Washington again.
He warned that taxes would be increased, inflation would be sent “into orbit again,” government would get bigger than ever, our military defenses would begin to lack, interest rates would rise, our national debt would soar, and “concessions” would be made to national giants like Russia – then the Soviet Union – and China.
Enter Joe Biden and his infamous Build Back Better plan.
He’s already raised taxes. A minimum corporate income tax has been established, as well as several other investment and business taxes. And don’t even get me started on what individual tax bills will do in the coming years as corporations are forced into stagnation.
Then, of course, there is the obvious inflation we have already seen on the rise. In fact, inflation hit a 30 year high in October, harkening us back to, oh, about the same time Reagan took office and began fixing it.
As for the government getting bigger and more controlling, Build Back Better is expanding programs that would make pre-K universal, give out increased child tax credits, raise coverage under national insurance programs, pay for family and medical leave, and give our more government funds for rental assistance. In addition, the government wants to spend some $555 billion to implement programs to solve “climate change” or whatever they are calling it now – as if it’s a national and not a world issue.
How do you think they are going to pay for all that? Well, by raising the national deficit, of course. Hell, they even had to approve a new federal debt ceiling this year to accommodate all their spending.
And you know that as our national debt rises and businesses are forced to pay out more in taxes, interest rates will only go up.
As far as defense preparedness goes, all I need to say is Afghanistan.
Lastly, there’s this bit about Russia and China getting what they want… This year, Biden gave Russia a brand new and massive oil pipeline and agreed not to post troops in any central Asian nations surrounding them. Sounds like “concessions” to me.
So much for building back better, huh?