Ted Cruz and Carly Fiorina.
This is the first of what, Lord willing, I hope will be a regular feature on this blog. Posts that deal in brief with multiple topics. For lack of a better name, I’ll stick with calling it This ‘n That for now.
Peddling Fiction
In his January State of the Union speech, President Barak Obama shot back at critics of his economic policies, saying they were “peddling fiction.” Since that time, the stock market has staged a recovery and now sits at all time highs, despite the steady stream of bad economic news.
But while the stock market continues to levitate, the incomes of ordinary Americans stagnate. As trends forecaster Gerald Celente tells it, “A report by the University of Michigan illustrates the Gilded Age wealth inequality that now prevails. The median American household was 19.6 times poorer than an average household in the 95th percentile in 2003. By 2013, the average household in the 95th percentile (top 5 percent) was 24.2 times richer than the median household and 426.5 times richer than the average household in the 25th percentile.”
Constitutional capitalism, the economic and political system of the Bible, is what lifted the people of Western Europe and North America out of poverty in the wake of the Reformation. It is the application of the implications of the Gospel created the broad-based prosperity of the middle class that those of us blessed to live in the West have come to enjoy and even take for granted.
But as the heirs of the Reformation have rejected the Gospel of Jesus Christ for the chimera of humanism and socialism and big government, prosperity has been destroyed, freedom has shrunk, and the inevitable result has followed: the re-enserfment of the once-prosperous and free middle classes of these nations.
Lux Lucet 