TRUMP THE GREAT?

The Strange Politics of 2016

by Lowell Ponte

In ancient Gordium in what today is central Turkey, a Greek legend told that whoever could untie a large knot in that city was destined to become the ruler of all Asia. In 333 B.C., Alexander the Great came to see this Gordian Knot.

“Does the legend say how the knot would be untied?” the young general asked local soothsayers.

When told that only the future ruler knew this secret, Alexander drew his sword and hacked the knot to pieces.

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Alexander fulfilled the prophesy, but in a wildly unexpected and shocking way. He then went on to conquer the Persian Empire.

Billionaire Donald Trump may or may not be a reincarnation of Alexander the Great, but at the moment he appears to be a man of destiny.

From his insulting former prisoner of war and U.S. Senator John McCain (R.-Arizona) to belittling New Mexico’s Latina Republican Governor Susana Martinez, the presumptive Republican presidential candidate has done a hundred things that pundits said would destroy a lesser candidate.

Trump’s invincibility seems to come from being an equal opportunity offender, a bold and independent leader who will attack the distrusted and despised ruling elites of both major political parties. He appears willing and able to shake the old order down, yet Trump exhibits a chameleon-like changeability about what he will do then.

On the Democratic side, the front runner former Secretary of State Hillary Clinton has seen her poll numbers for honesty and trustworthiness plummet down into the 30 percent range, a fall that few candidates in any party could survive.

Her collapse was evident last weekend on Fox News Sunday, where California Congressman Adam Schiff made an appearance to defend her. When this liberal Democrat compared Mrs. Clinton’s email controversy to that of former GOP Secretary of State Colin Powell, he was sharply rebuked by the news show’s anchor.

Doing this was a “red herring,” an attempt to mislead pursuing hounds following a scent, said Chris Wallace. When Schiff continued to push this comparison, Wallace said with anger – and this from a soft liberal journalist in whose mouth butter usually would not melt – “frankly, I expected better of you.”

What does it tell us that even a Chris Wallace, son of the legendary CBS reporter Mike Wallace, felt moved to give a deceitful Clinton apologist the journalist equivalent of a hard slap across the face.

Was Schiff deceitful? In the dawn of mass email, Secretary Powell saw two of his emails later classified. In modern times, when the security rules for emails are vastly tighter, Mrs. Clinton played fast and loose with the national security via at least 2,100 emails.

We now know that she directed a staffer to remove the classified marks from one email and then send it to her unsecured private server. Another email disclosed by the State Department Inspector General shows her directing that communications be kept out of the hands of Freedom of Information Act inquiries, yet more evidence that her motive was not convenience but a desire to keep incriminating emails secret and under her control.

The likelihood that Mrs. Clinton’s campaign may soon implode is also evident on fashionably liberal shows such as Charlie Rose, which days ago aired an infomercial for Vice President Joe Biden that depicted him as deserving of sainthood.

The Democrats appear to be frantically preparing for an alternative Biden ticket with Massachusetts Senator Elizabeth Warren as his Vice Presidential running mate. If substituted for a falling Hillary Clinton, this ticket would depict Mr. Biden as an experienced and steady stopgap who would serve one term or less and then hand over the reins of power to Warren, a woman to the left of socialist candidate Vermont Senator Bernie Sanders who could attract Sanders’ young and female voters.

With more political “executive experience” than Trump, Clinton, Sanders or Biden, the Libertarian Party ticket will be former New Mexico Governor Gary Johnson and former Massachusetts liberal Republican Governor William Weld. A few early polls suggest that in this odd year the Libertarian Party, which appears on all state ballots, might get up to 10 percent of the votes in November.

The Federal Election Commission should include Governor Johnson in the presidential debates this fall, as it allowed with Texas billionaire Ross Perot. The FEC, alas, is a duopoly run by former chieftains of the Republican and Democratic parties. Do not hold your breath waiting for them to let a third party into these debates.

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For a lively discussion of this year’s peculiar politics, consider doing an interview with Lowell Ponte – veteran think tank futurist, former Reader’s Digest Roving Editor, and co-author with monetary expert Craig R. Smith of six books, the latest being We Have Seen The Future and It Looks Like Baltimore: American Dream vs. Progressive Dream.

To schedule an interview with Lowell Ponte, call: Sandy Frazier at sandy@mystic-art.com or call 516-735-5468

(Lowell has worked as a legislative aide in the California legislature and as a journalist in Washington, D.C., but he is neither a Republican nor a Democrat. He can bring many fresh ideas and insights to a discussion of the present and future of 2016 candidates.)

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Fauxcahontas Rising

by Lowell Ponte

Elizabeth Warren, a Democratic Senator from Massachusetts and heroine to the Progressive Left, was back in the news this week after making shrill attacks on likely Republican presidential standard-bearer Donald Trump.

In recent days some in the leftward media have urged prospective Democratic presidential candidate Hillary Clinton to boldly name Warren as her running mate. A two-woman ticket would lock down the women’s vote in a nation where women are a majority of voters, they argue.

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As one of the few people in Congress to the left of Clinton rival, Vermont Independent Senator Bernie Sanders, Warren as her Vice President would consolidate the left and far-left wings of the Democratic Party behind Mrs. Clinton. Sanders’ supporters could not resist Warren’s attraction.

(More cynical pundits offer a different view of Warren suddenly grabbing for publicity by making vile personal attacks on Mr. Trump. They note that if Mrs. Clinton’s campaign crashes and burns, either from the FBI’s investigation or health problems, then the Democratic Party leadership will likely dump 74-year-old Sanders and run Vice President Joe Biden with Warren as his Vice President, a center-left ticket. Biden and Warren have already spent time together, apparently to discuss this possibility.)

This week’s polls show that Mrs. Clinton is viewed as dishonest and untrustworthy by two out of every three Americans. Alas for Hillary, Warren has a similar history of deception and profiteering that has become a national joke.

Warren, apparently to advance her academic career, in 1986 began listing herself as a Native American, in law school directories. After hiring her, Harvard Law School publicized her minority status to counter accusations that its faculty lacked diversity.

Trouble is, Warren has no documentary evidence that she is native America. It all comes back to her having high cheekbones “like an Indian,” along with tales around her childhood dinner table claiming that the family had Native American kin….in other words, hearsay evidence that any trained lawyer such as Warren should question.

Warren retreated to the weak and vague claim that she is “1/32nd Cherokee.” This has earned her ridicule and the nickname “Fauxcahontas,” from the French word for fake and most of the early American name of a Chieftan’s daughter known to history as Pocahontas. Her actual name was Matoaka, which means “bright stream between the hills.”

Pocahontas is a nickname that means “the naughty one” or “spoiled child,” which makes it a good fit for Elizabeth Warren.

In the 1986 movie “Soul Man,” a white wins a law school scholarship by claiming to be an African-American. He then colors his skin and hair and pretends to be a minority, repenting only when he meets a black woman who needed and deserved the scholarship he won through deception and dishonesty.

Enter Elizabeth Warren, stage left, who despite her denials apparently won a Harvard Law School job by claiming to be a Native American. The job reportedly paid half a million dollars per year and gave Warren the financial security to run for U.S. Senate in 2012.

Warren was born in Oklahoma, the end of President Andrew Jackson’s Trail of Tears for Native Americans. Could it be that she is right about her ancestry? We know this: when pundits challenged her to take a DNA test, Warren did not do so. Or perhaps she took such a test secretly and, after seeing the outcome, did not want the test results made public.

It appears that, as in “Soul Man,” in her greed and ambition Elizabeth Warren did more than just grab a juicy plum of a job and fat paycheck for herself. She also hurt others – the truly qualified genuine Native American(s) who deserved the job but got cheated out of it because of Warren’s disgusting racist behavior.

Before Ms. Warren spews another nasty word questioning the credibility of others such as Mr. Trump, here’s what she should do:

(1) Elizabeth Warren should travel to every Native American tribe in the United States and apologize for her racist dishonest actions;

(2) Ms. Warren should return to those tribes the millions of dollars in wages, pensions and other benefits that she obtained by lying about her qualifications; if she refuses to return this ill-gotten gain, then she should be arrested and tried for both civil and criminal fraud, with any statute of limitations on her wrongdoing brushed aside because of the ongoing nature of her deception;

(3) Warren should resign from every office of public trust, including her seat in the U.S. Senate; these were gained, after all, from the prestigious position she obtained via deceit and trickery, and she is morally unfit and unworthy to hold any of them; and

(4) Elizabeth Warren should apologize in a televised press conference to the American people for her racism, dishonesty and pretension – including her smug pretense that she is in any way morally or intellectually superior to other Americans, especially her Native American victims. She should apologize in particular to Donald Trump.

To schedule an interview with Lowell Ponte, call: Sandy Frazier at sandy@mystic-art.com or call 516-735-5468

The opinions in the above brief article are solely those of Lowell Ponte, a veteran think tank futurist and former Roving Editor at Reader’s Digest Magazine.

Hiroshima Is The Wrong City, President Obama

by Lowell Ponte

On this Friday, the eve of Memorial Day weekend honoring millions of deceased Americans who fought for our country, President Barack Obama plans to visit Hiroshima.

The White House has said the President will make no apology for America dropping the first atomic bomb used in war on this Japanese city during World War II. His visit, demeanor and words of sorrow, however, will be widely perceived around the world as a de facto apology.

President Obama is going to the wrong city. He should be visiting, and apologizing to Americans for bombing, the second Japanese city targeted for nuclear destruction – Nagasaki.

Nagasaki in southern Japan far from Tokyo had almost zero military significance – but it had tremendous cultural and religious significance.

Giacomo Puccini’s opera “Madama Butterfly,” with its tale of star-crossed love between an American naval officer and Japanese girl, is set in Nagasaki because this was for centuries the one port where foreigners were permitted to land their cargoes and interact with locals.

 

Because of this, Nagasaki became the most Western-influenced of Japanese cities where many Christian converts – sometimes killed for their faith – lived. For background, see my article “Nagasaki, Mon Amour.” [1]

During World War II, the nation’s Christians who were able to do so moved their families to Nagasaki. They reasoned that, surely, the Judeo-Christian United States would never target this most Christian city of Japan.

Yet, perversely, Progressive New Dealers under President Harry Truman at the last minute crossed out the original target and pencilled in militarily-insignificant Nagasaki on the list for nuclear annihilation.

Ground Zero for this mushroom cloud was less than a quarter-mile from Nagasaki’s Roman Catholic cathedral, the only such Christian church in all of Japan. This bomb killed tens of thousands of Japanese Christians who, had they lived, might have reshaped the faith of their post-war country.

You should have gone to Nagasaki, Mr. President, and while there you should have apologized for your comrades’ deliberate targeting of Japan’s Christian city.

You could also have used a Nagasaki visit to explain why your Administration has persecuted the Little Sisters of the Poor and other Christians, and why co-presidents Bill and Hillary Clinton wire-tapped the Roman Catholic Cardinal of New York under their project VAAPCON because of his church’s opposition to abortion. For these and other acts targeting Christian Americans, you ought to apologize and ask forgiveness. [2]

To schedule an interview with Lowell Ponte, call: Sandy Frazier at sandy@mystic-art.com or call 516-735-5468

Sources:

[1] Lowell Ponte, “Nagasaki, Mon Amour,” FrontPage Magazine, August 8, 2001. URL:
http://archive.frontpagemag.com/readArticle.aspx?ARTID=21691

[2] Lowell Ponte, “Clinton’s Other Domestic Spying Program,” FrontPage Magazine, February 22, 2006. URL: http://archive.frontpagemag.com/readArticle.aspx?ARTID=5460 ; Lowell Ponte, “Christian Terrorism?” FrontPage Magazine, June 4, 2003. URL: http://archive.frontpagemag.com/readArticle.aspx?ARTID=17856
The opinions in the above brief article are solely those of Lowell Ponte, a veteran think tank futurist and former Roving Editor at Reader’s Digest Magazine.

Baltimore Expert Calls Rioter-Ruled City “Alice-in-Wonderland”

Trials of Police Officers are “Progressive Human Sacrifices”

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A year ago Baltimore was ablaze with rioter-torched police cars and burning stores, looted while police – ordered by a Progressive mayor to stand down – watched as criminals ran amok.

That nightmare and the long, strange history behind it is explored by veteran think tank futurist and former talk radio host Lowell Ponte, co-author with Craig R. Smith of We Have Seen The Future and It Looks Like Baltimore: American Dream vs. Progressive Dream.

This week Baltimore protestors began to gather again as the second of six police officers charged following the death of heroin addict and drug pusher Freddie Gray was found not guilty of all four charges against him.

“The Progressive politicians in Baltimore have offered four police officers to the mob as human sacrifices in what some legal experts call a Stalinist show trial,” says Ponte.

“The bicycle cop acquitted this week, Edward Nero, was charged with the ‘crime’ of chasing down Gray after this urban terrorist who used chemical warfare to poison Maryland children ran when the officer looked at him,” says Ponte.

“Freddie Gray, the mob martyr and hero, reportedly had a rap sheet of 17 charges and was not unknown to police. Yet prosecutors charged Nero with a ‘crime’ for arresting Gray because he had no ‘probable cause’ to do so, even after finding a Baltimore-illegal knife in Gray’s possession.”

The first trial, of young officer William Porter, ended weeks ago in a hung jury. Prosecutors charged Porter with enough crimes to put him in prison for 25 years, hoping to compel him to testify against fellow officers – half of whom, including Porter, are African-Americans like Freddie Gray.

Porter and Gray, in fact, were the same age, and were born and raised by single poor mothers in the same neighborhood. The main difference is that Porter joined a police sports group, found a family in police officers, and became a defender instead of a destroyer in his community. So, of course, it is Porter who is demonized and will be tried again in June.

“Porter is under a judge’s order to testify against his brother officers, even though doing so violates his Fifth Amendment right against self-incrimination,” says Ponte.

“They have to convict at least one or two of these officers, or the mob will again start looting and burning the city,” says Ponte.

How did Baltimore become this Alice-in-Wonderland crazy place long referred to as “Mob City?” Who can live in a city where the criminals rule and the police get arrested and tried on trumped-up charges?

“The Progressives have ruled Baltimore for more than 60 years,” says Ponte. “Nancy Pelosi was born and raised here. Her dad was the Democratic machine politician mayor. He would put Nancy on the telephone as young as age seven to tell favor-seekers ‘You want a building permit? Well, here’s what you have to do for us!’ This is where Pelosi learned strong-arm politics.”

“More than 60 years of corrupt Progressive rule spawned divide-and-conquer racial and ethnic polarizing politics. Addiction to the welfare state has turned into addiction to heroin, making Baltimore America’s heroin capital – with one of every 10 residents a junkie as Freddie Gray was,” says Ponte.

“The city has an amazing history. This is where Francis Scott Key wrote what became our national anthem, and where Key’s grandson was imprisoned by Abraham Lincoln for writing against Lincoln’s military occupation of Baltimore during the War Between the States,” says Ponte.

“And Baltimore could continue to have a high-tech future. It has the world’s preeminent medical center, where Dr. Ben Carson became famous, and its Advanced Physics Lab built and controlled the spacecraft that flew by Pluto just weeks after the 2015 rioting.”

“But during the rioting its Progressive mayor declared: ‘…We also gave those who wished to destroy space to do that as well, and we work very hard to keep that balance…’” says Ponte.

This mayor told police to back off and let rioters and looters do as they wished during the chaos – and, in place of police, the mayor asked leaders of the local gangs….the crips, bloods and Black Guerrilla Family….to protect African-American stores. They did so, the New York Times reported, by directing looters to stores not owned by African-Americans.

If and when – God forbid – new Baltimore rioting breaks out, you’ll want to talk to Lowell Ponte about it and his amazing book.

Last time the local Progressive politicians constrained the police, put officers on trial, and let Baltimore burn.

As a result, police cut back their pro-active enforcement of law. Arrests fell by 30 percent, and the local murder rate rose by 53 percent. Baltimore since then has had more murders than New York City, which has 13 times more residents.

If the mob again wins and police again lose, it will be a lose-lose for Baltimore – and could set an example for the police to avoid risks in your city or town. The “Ferguson Effect” could quickly become the “Baltimore Effect.”

To schedule an interview with Lowell Ponte, call: Sandy Frazier at sandy@mystic-art.com or call 516-735-5468.

Union Workers May Lose More Than Half of Their Pensions

Loss Gives “Retire” a New Meaning, Says Expert

They should have learned from the retired-400 Little Red Hen in the children’s story, who taught not to expect others to provide what you want – but to do it yourself.

Instead, 407,000 workers – mostly unionized Teamster truck drivers and retirees – learned days ago from the Central States Pension Fund director Thomas Nyhan, that the pensions they were depending on may be cut to “virtually nothing.” [1]

Bleeding $2 Billion a year that it cannot replace, this fund proposed to the government that it could remain solvent by slashing pension payments by a retirement-crushing 60 percent.

The U.S. Treasury’s response: No. Even cutting pensions by 60 percent would not be enough to keep this underfunded fund going for much longer. The cuts must be far deeper, or the cost to workers must be much higher.

This gives ‘retirement’ a whole new meaning,” says veteran think tank futurist Lowell Ponte. “For many of these short-changed drivers, it means they must re-tire their vehicles and put that rubber back on the road. As with millions of others, this retirement plan shortfall will crash their dreams of retirement and force them to re-tire and keep on trucking.”

In the six books Ponte has co-authored with monetary expert Craig R. Smith, they have warned of many financial, economic and political risks to our retirement – and shown ways to reduce those risks.

In today’s ongoing economic crisis that began in 2008, they write, pension funds have been hard hit. Many pension funds could shrink or sink from these hits, and less secure retirement vehicles such as IRAs and 401(k)s could also crash or get hijacked.

Defined benefit pensions promise workers a specific amount of money every month when they retire, but these promises are based on guesses about how much interest the pension fund’s investments will earn. Those guesses in today’s flatlined economy have proven to be far too “optimistic” – or convenient.

As Smith and Ponte explain in their widely-praised 2015 book We Have Seen The Future and It Looks Like Baltimore: American Dream vs. Progressive Dream, America’s central bank the Federal Reserve dropped a key interest rate to zero at the start of the crisis to keep the economy from crashing.

This Zero Interest Rate Policy (ZIRP) has been in force ever since, which has provided almost free money to the government, the biggest banks, and giant corporation stock buybacks that juice the Wall Street casino. The real economy’s growth is now also barely above zero percent growth; we are stuck in a stagnant, near-recession economy, with shopping malls turned into ghost towns.

Trouble is, retired people who depended on earning bank interest on their savings now earn almost nothing. Likewise, quote Smith and Ponte in their Baltimore book, “[D]efined benefit pension funds become troubled as they fail to earn sufficient returns with ZIRP.” And to make matters worse, the Fed is now preparing for NIRP, Negative (below zero) Interest Rate Policy. [2]

Denied the safe old money multiplier of compound interest, both retired bank savers and pension funds are pressed to “reach for yield” by turning to riskier investments, such as stocks. This leads to a more unstable, less secure economy of speculation and malinvestment.

Old-fashioned pensions were already a dying species. They nowadays exist mostly for 78 percent of government workers (whose pensions are underfunded by at least $1 Trillion), for 67 percent of the seven percent of private sector workers in powerful unions like the Teamsters , and for 13 percent of employees of companies that can handle the huge monetary and growing regulatory costs of defined benefit plans because such pensions keep employees from quitting. The percentage of private sector workers or retirees with pensions has fallen by more than 50 percent since the 1990s. [3]

In 2015 President Barack Obama’s Administration proposed granting states a “safe harbor” from the rules and safeguards of ERISA, the federal Employee Retirement Income Security Act of 1974. This, say critics, opens the way for squeezing private employers to help pay for underfunded state employee pensions. Led by California, 25 states have begun to move towards such rules. This could lead to more and more government control over our retirement plans, warn Smith and Ponte. [4]

The Obama Administration has already hinted it might imitate Argentina, which in 2008 suddenly seized bank retirement accounts and replaced the money in them with government bonds of equal face value…but whose market value was only 27 percent of their face value.

Social Security was supposed to provide a secure income for all, but as Smith and Ponte document, this grand-daddy of social programs has at least 12 major problems that mean it should not be relied upon for much longer. They explain these 12 Social Security problems in their latest book. [5]

As the Little Red Hen warned, all these paths to retirement are now at risk. And because these are denominated in dollars, the declining value of the dollar is bleeding away your ability to pay for future needs. You could save all your life and end up with a pile of paper money of greatly reduced value.

But as Craig and Lowell explain, you can hedge against all these risks and might have a retirement richer and more secure than you ever expected or imagined.

For a fascinating media interview with Lowell Ponte, contact: Sandy Frazier at sandy@mystic-art.com or call 516-735-5468.

Sources:

[1] Tyler Durden, “407,000 Workers Stunned As Pension Fund Proposes 60% Cuts, Treasury Says ‘Not Enough,’” ZeroHedge.com, May 22, 2016.

[2] Craig R. Smith and Lowell Ponte, We Have Seen The Future and It Looks Like Baltimore: American Dream vs. Progressive Dream. Phoenix: P2 Books, 2015. Pages 164, 151-169.

[3] Monique Morrissey, “Private-sector Pension Coverage Fell By Half Over Two Decades,” Economic Policy Institute, January 11, 2013; Louis Carlozo, “Pensions Are Taking the Long, Lonely Road to Retirement,” U.S. News & World Report, July 20, 2015.

[4] Steven Malanga, “Despite Poor Record, States Eye Private Pensions,” Investor’s Business Daily, December 11, 2015; Craig R. Smith and Lowell Ponte, We Have Seen The Future and It Looks Like Baltimore: American Dream vs. Progressive Dream. Phoenix: P2 Books, 2015. Page 115-121.

[5] Craig R. Smith and Lowell Ponte, We Have Seen The Future and It Looks Like Baltimore: American Dream vs. Progressive Dream. Phoenix: P2 Books, 2015. Pages 111-115.

Morley Safer, R.I.P.


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With sadness we mark the passing at age 84 of CBS “60 Minutes” correspondent Morley Safer. Born in Toronto in 1931, Safer remained a dual U.S.-Canadian citizen to the last. His far-ranging stories were often provocative but never dull.
Safer retired only days before his death. CBS honored him with an hour about his career titled “Morley Safer: A Reporter’s Life.” A transcript can be read here.
Safer often displayed an independent mind. Craig R. Smith and Lowell Ponte noted one of Safer’s criticisms of the “looney left” in their widely-praised 2015 book, We Have Seen The Future and It Looks Like Baltimore: American Dream vs. Progressive Dream.
As an epitaph and tribute to this legendary journalist, here is that passage and its footnotes from page 100 of their book:

The Progressive Arts

In 2012, Baltimore-born Congresswoman Nancy Pelosi said that Obamacare allows people to quit their jobs to become a “photographer,” a “writer,” a “musician,” or “whatever.” This is “a liberation,” said Pelosi. “This is what our founders had in mind – ever-expanding opportunity for people.” [50] No, America’s Framers wanted you to have such freedom with your own money, not with a subsidy stolen at government gunpoint from taxpayers. Progressives like Pelosi have a warped understanding of the American Dream.

The Netherlands’ welfare state decades ago had a similar idea. If you fancied yourself a painter, the government would spend taxpayer money to buy and warehouse your paintings, no matter how bad they were. After Morley Safer mocked this on CBS’ “60 Minutes,” the Dutch ended this waste of money and eventually gave its thousands of paintings away. [51]
Footnotes:
[50] Elizabeth Harrington, “Pelosi: Obamacare Allows You to Quit Your Job and Become ‘Whatever,’” CNS News, March 22, 2012.

[51] Marlise Simons, “Out of Space, Dutch State Dumps Its Non-Masters,” New York Times, September 14, 1992.

 

Could Bill Clinton Revive Our Sick Economy?

Hillary Throws a Surprising ‘Hail Mary’ Passhillary-clinton-3

by Lowell Ponte

Hillary Clinton, speaking in Kentucky hours before its Democratic primary, threw what she hopes will be red meat to its struggling workers and voters.

If elected, Clinton said, she would put former President Bill Clinton “in charge of revitalizing the economy.”

Her husband “knows how to do it,” said Ms. Clinton, “especially in places like coal country and inner cities and other parts of our country that have really been left out.”

In 1992 the Clintons won the White House through their campaign motto “It’s the economy, stupid.”

Democrats with far stronger credentials had refused to run against incumbent Republican President George H.W. Bush, whose polls at one point showed 90 percent favorability. The Arkansas Governor ran with little hope of winning, but Mr. Clinton had become the Democratic frontrunner before an economic downturn tanked Mr. Bush’s popularity.

In the Clinton cosmology, they took office during the biggest budget deficit in history ($290 Billion), immediately reneged on a promised tax cut and imposed instead a retroactive huge tax increase, and left office eight years later with a budget surplus of $127 Billion after creating 22.5 million new jobs.

Hillary, after eight years of Barack Obamalaise of economic stagnation, has decided to win by evoking the Clinton mythology that she and Bill ruled over an economic Camelot of prosperity that another Clinton presidency could re-create.

This fantasy, however, omits many inconvenient facts that we need to remember. We need to wake up and, again, smell the Clintons.

In 1992 the Clintons had little need to revive the economy. By election day the economy had mostly revived itself and was again growing strongly. The Clinton-backing liberal media, however, concealed this and endlessly echoed the false propaganda about how bad things still were under President Bush.

Just as this same media ceased using the term “Reaganomics” the moment the economy improved, it stopped beating the drum of doom the moment the Clintons were elected and gave the new co-presidents (“two for the price of one” said Bill) credit for an economic turnaround that had been underway for more than a year.

The economy already had a strong underpinning in the “peace dividend” of revenue no longer needed because of the end of the Cold War and the Berlin Wall fall on November 9, 1989. President Bush, hectored by a Democratic Congress, was unable to prevent much of this dividend from being diverted into welfare social spending instead of being returned to taxpayers.

The Clinton presidency smashed this fat piggy bank, clashing defense spending by $125 Billion a year and diverting this loot to social spending that bought votes. This reckless greed by Bill and Hillary caused wild economic distortions. Property prices in Southern California and other defense-industry-rich parts of the country, for example, plummeted as these anti-war hippies shared this one-time pinata of taxpayer wealth.

The Clintons’ gutting of American national defense and intelligence operations would later have a high price in the terrorist attacks of 9-11, but their liberal media allies by then would have another Bush to falsely accuse when the consequences of Clinton greed came home to roost.

The Clintons’ presidency created such an obvious mess that the 1994 elections cost Democrats the Senate and, for the first time since 1952, the House of Representatives, just two years after the grifter couple won the White House.

Did prosperity follow? Yes, almost entirely because a Republican House under Speaker Newt Gingrich took control of taxing and spending legislation. A more pro-business Congress produced pro-prosperity results.

Unlike his more radical wife, President Bill Clinton had enough moderation and political savvy to cut deals with the new Republican majorities, agreed to welfare reform and the trade deal NAFTA, and thereby amazingly won re-election in 1996.

An irony of Hillary Clinton’s 2016 campaign is that until a few days ago, she had repudiated nearly every one of President Bill Clinton’s pro-business compromises with Republicans. She has been pulled far to the left by socialist rival Vermont Senator Bernie Sanders. She ago said she shared his position of “Medicare for All,” another way of saying “single payer” or “socialized” medicine. To win minority votes, she also appeared to embrace President Barack Obama’s many socialist and welfarist policies.

But now, suddenly, her new knight from Clinton Camelot and the 1990s is Bill Clinton and their era of prosperity – based on the capitalist policies of Newt Gingrich.

In the end the Clinton prosperity did little for coal country or the rust belt. It begat huge housing and tech bubbles that devastated our economy when they burst, popping hippie pipe dreams of quick riches in the twilight. At least the Clintons got away with what today is a $200 Million fortune and $2 Billion foundation as their fat cat fiefdom.

The Bernie-bots agree that Bill Clinton was a “great” and passionate president – but in their infantile memories he looks like a great Republican president who cut welfare and imposed tough anti-crime legislation…for which Hillary lately has been apologizing.

Today’s Progressive Democrats are unlikely to rally to her if this is what she now promises to resurrect. In the end she was just another politician who could be bought and paid for by crony capitalists. The Clinton Camelot was always an illusion, a mirage, and only the stupid would be fooled by it again.

Lowell Ponte is a veteran think tank futurist and co-author, with monetary expert Craig R. Smith, of six books about the American economy.

To schedule an interview with Lowell, contact:

For a media copy of Craig’s and Lowell’s latest book, We Have Seen The Future and It Looks Like Baltimore: American Dream vs. Progressive Dream, contact:
Sources:

Tim Worstall, “If Bill Clinton Will Help Hillary Fix The Economy Then What Will Economic Policy Be?” Forbes Magazine, May 16, 2016. URL: http://www.forbes.com/sites/timworstall/2016/05/16/if-bill-clinton-will-help-hillary-fix-the-economy-then-what-will-economic-policy-be/#2d9e7edd259a

“Hillary Clinton: Bill Would Be In Charge of ‘Revitalizing the Economy,’” AOL News, May 16, 2016. URL: http://www.aol.com/article/2016/05/16/hillary-bill-clinton-economy-presidential-administration/21378053/