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Is Obama Our Bernie Madoff?

By October 27, 2009No Comments
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By Wayne Allyn Root, Author
The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gambling & Tax Cuts

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 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 Secuirty, Amtrak. 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.

The government-run education system is a shambles- and getting worse every day. Fannie Mae or Freddie Mac prove the government can´t run the mortgage business. Bernie Madoff proved the government, with all the regulators at the SEC, can´t even watch the bad guys.

But worst of all, is their record running healthcare: Medicare and Medicaid. They are bankrupt, bleeding billions, and threatening to bankrupt the country. Yet Obama, our fearless version of Madoff, smiles and tells us "Trust Me. Forget our past failures; this time the government will be miraculously profitable. We´re even going to save a half trillion dollars from medicare fraud (ignoring the fact that government not only allowed, but encouraged the fraud in the first place, and if they could eliminate it WHY HAVEN´T THEY DONE IT BEFORE NOW?).

Only a politician could claim that spending an extra $1 trillion (or far more) will save money. If you believe that, I have a bridge to sell you in Brooklyn. I have ice to sell to Eskimos. I have sand to sell to Saudi Arabia. This has to be the greatest con in world history. We might as well be signing the papers to hand over our life savings to Bernie Madoff.

But worst of all is the cronyism and Ponzi aspects of Obama's con. He's taking notes right out of Bernie Madoff's playbook — steal from one group to pay off his friends. And why did Bernie do it? To increase his own wealth, power, control and ego. Sound familiar? Obama is doing the same thing- the only difference being that when the President and Congress do it, it's legal.

Obama steals from taxpayers, who work hard every day and pay taxes, to redistribute it to unions and government employees who voted for him (and contributed to his campaign). He calls it “stimulus.” Obama steals from taxpayers to bailout the biggest corporations (who contribute to him). He calls it “bailouts.” Obama is raising taxes on small business owners- to redistribute it to people who never paid taxes. He calls it a "tax cut." They´re all simply a government-run Ponzi Scheme.

Obama has increased government spending by trillions, stealing from future generations to bribe the voters of this generation. And, he is paying for it by having the Federal Reserve simply print the money, thereby devaluing the U.S. dollar through inflation so that the government can pay back the debt in much cheaper dollars. That may sound reasonable until you realize that inflation is another way government steals from its citizens by making their hard earned savings worth less. That´s the very definition of a Ponzi Scheme. That's Obama's plan. It would make Bernie blush, even he didn't have the chutzpah to steal this blatantly from every American.

So the next time you hear President Obama extol the virtues of government and tell you that only government can save you…think Amtrak. Think DMV. Think U.S. Postal Service (a monopoly that loses over $7 billion annually). Think Fannie Mae and
Freddie Mac. Think about failing government-run public schools. Think about failing government-run health-care (called Medicare and Medicaid). Think about the $5.3 trillion unfunded liability for government employees. Think about the $100 trillion dollar national debt. Think brothels and gambling failing (only when run by government). Think PONZI.

And perhaps worst of all, think about the Washington Redskins. The Redskins are proof positive that nothing that emanates from Washington D.C. can ever be trusted or salvaged.

And then after thinking about all that…think about Bernie Madoff…and run for your life.

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: