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Wade Heath We face a choice between socialism and capitalism

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Wade Heath

Posted: Thursday, July 19, 2012 12:00 am

When is our time up? At what point do things simply implode?

Since the most recent recession has attached itself to world economies, some nations have managed their income and spending to try and alleviate further damage and to cut losses. Other nations, like the former superpower, the United States, have continued to spend without limitations and simply raise the debt ceiling whenever it gets in the way.

Pointless is a debt ceiling with no ceiling, no?

After the stock and housing market came crashing down and Americans decided it was time for some hope and change, we all crossed our fingers and hoped real hard. Unfortunately, when it comes to the economy, we are no better off than we were prior to the election of President Barack Obama. As a matter of fact, we're much worse.

As a man who came riding in on a white horse, with accolades from scholars and chanting stadiums full of supporters, then-Sen. Obama was doling out promises of prosperity for all. What many didn't realize was that prosperity for all was really more of a creative way to establish a redistribution of wealth system in that those that have, share with those that do not have.

"When you spread around the wealth, it makes it fairer for everyone," he once told Joe the Plumber on the first campaign trail. The president has since spent a lot of time talking about fairness in the free market system and how those who make the most money in this country need to be fairer to those who make far less.

The political dialogue in America has also changed its tune from a land that used to celebrate capitalism and was once triumphant due to free market success, to one that is now strongly anti-big business and shames the wealthy. Excessive amounts of big government intervention in the free market have stifled its ability to flourish. From the auto industry to banks, housing and all of those major bailouts, government intervention and regulation have strangled our own economy from recovering.

And if I may be so bold, as someone who has worked hard since I was 12 years old and believes in the spirit of ingenuity, success and personal responsibility — to blame and shame the rich for being successful and having so much while so many do not is an asinine way to view the situation we're in.

While I am certainly not rich, nor anywhere near being classified as such, I do applaud anyone who turned nothing into something. I cheer those that have worked hard, played by the rules and are now filthy rich. They did it because they could; they did it because they lived in a place that allows that kind of prosperity and freedom.

Of course greed is a seductive and destructive force, and unfortunately it tends to corrupt. But not all wealthy people are greedy. Not all success is rooted in evil, like the current discourse in society would suggest.

Over the last four years there is one thing that the president pledged would happen that he has certainly lived up to. And that is his promise of the "fundamental transformation" of the United States. If you don't think we have changed, I'd call you blind. But how you perceive that change really determines whether or not the good ol' US of A will return to a better time or go down the road so many other countries have experimented with and ultimately failed in.

As we head toward this year's presidential election, the two paths for the choosing could not be clearer. Do you somehow justify that we are better off than we were four years ago and without hesitation check the box marked incumbent, providing another four years of fundamental transformation in which the country locks more firmly into the European socialist model? Or do you vote for a guy that has a solid track record of government leadership, led a major capitalist firm and therefore understands business development more than most, and is looking to put America back on top where she once was?

The choice is clear: the socialist or the capitalist. I think we both know from experience what works best.

But if you still need a reminder of how things have worsened in the last few years, one only needs to understand that unemployment stands above 8 percent and the median net worth of families has plummeted nearly 40 percent. Add to that one of the worst economic failures in American history and the current administration has spent more under their direction than every previous administration combined, thus making President Obama, as Forbes magazine calls him, the biggest government spender in the world.

And you think Greece is in trouble?

Columnist Wade Heath is a contributing editor to He can be reached at

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