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FDR created today's 30 percent coalition. Obama wants to finish the job by turning it into a permanent ruling majority. There's nothing new about the Obama Narrative. It is the FDR Narrative on steroids. It is intended to lead to greater statism and political gain. ↗
If younger people see older people who haven't planned ahead and have to rely on charity, the young will be more likely to provide for the future. Today when someone plans poorly, the only consequence people see is a demand for more government. ↗
Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. ↗
