Neal Asbury began his nationally syndicated “Neal Asbury’s Made in America” show on Radio America with a review of the Democratic convention in Charlotte and selecting some choice sound bites.
“There was Michelle Obama pleading that all Obama needs is four more years. Four more years to do the same thing that got us into this mess today? And Bill Clinton suggesting that Obama is moving us into a modern economy. I hope that today’s dire economy isn’t the modern economy. And then you have delegates off camera suggesting that we should ban corporate profits. This is a Party that really doesn’t get it,” said Neal Asbury.
Joining the show as a return guest was Republican Representative, Blake Farenthold, a lifelong resident of South Texas, who represents Texas’ 27th district.
“There’s that saying that action speaks louder than words. All we have from Obama is words, but no action. His administration has been an abject failure,” said Farenthold, adding that, “The Democrats are using emotion to get votes, not facts, and that’s not the best way to move this country forward.”
Farenthold mocked Bill Clinton’s contention that Obama was ushering in a modern economy. He suggested that the modern economy endorsed by Obama looks more like the European socialist model, which is not working. He noted that the metrics used by Democrats for measuring their success is based on the number of people that are being helped by social programs, like food stamps.
“We have a program in Texas called the Loan Star card that allows people on welfare to use the card as a credit card instead of food stamps. But we’re finding that some people are selling the card for half of its value to get cash so they can buy things not covered by food stamps,” related Farenthold.
Neal and co-host Dr. Rich Roffman noted that Bill Clinton is still blaming Bush for the current economy and high unemployment numbers, and that the Democrats still had no details for boosting employment.
“You know how they’re going to boost employment? They’re going to hire more IRS agents to impose more taxes on business and hire more EPA officials to pass more harmful regulations that will shut down more energy companies. Now the SEC is getting into the act to try and shut down energy companies using fracking to get more natural gas,” said Farenthold.
Neal and Dr. Roffman continued the conversation.
“Remember when Reagan asked if we were better off now than we were four years ago? If we ask that today, I think most people agree that we haven’t seen any improvement. The only people better off than we were four years ago are people who have relationships with the Obama administration and are using crony capitalism to get ahead. They aren’t creating jobs,” said Asbury, adding that the idea of central planning, used by the Obama administration, has already been a failure in Europe and won’t work here, and contending that while the Democrats are professing their love of free enterprise, convention delegates are advocating that corporate profits should be banned.
Dr. Roffman agreed, adding that cronyism hurts job creation and wastes money.
“What was really scary about the Democrats was their adoption of central planning. Central planning doesn’t create private sector jobs, as evidenced by the fact that more than 368,000 folks left the labor market last month. Do we want to become Greece, which has an unemployment rate of 24 percent?” asked Dr. Roffman.
Made in America’s next guest was Matt Patterson, a Senior Fellow at the Competitive Enterprise Institute’s Center For Economic Freedom, and who has written on a wide range of public policy issues, such as global warming, healthcare, and the debt crisis, in addition to labor union politics.
Patterson, who admitted he has a tattoo reading Made in America, recently, authored an article in the Washington Examiner entitled, “Why Liberals Should Love Low Taxes.”
In his article, he writes: “You can say two things for certain about modern liberals — they love spending government (read: your) money, and they hate the wealthy. Which makes the liberal loathing of low taxes especially baffling. For the truth of the matter is—and history shows–lower tax rates often bring in more, not less, revenue for the federal government. And when they do, that revenue is overwhelmingly plucked from the pockets of the ‘millionaires and billionaires’ whom liberals constantly decry.”
“This anti-wealth propaganda is a favorite of liberals because they can demonize the rich because they represent such a small minority of Americans,” said Patterson.
He is puzzled that liberals don’t understand that higher taxes hurt the economy and lowers the tax base. He reminded listeners that that during the 1980s, the corporate tax rate went from 70 percent to 28 percent, which translated into the private sector growing the tax base from $500 billion to more than one trillion dollars.
“When corporations can keep more money, they expand their companies and hire more workers. This, in turn, creates more taxpayers,” said Patterson.
Patterson suggested that politicians are particularly adept at making short term promises and pushing the harder decisions down the road. Social security is an example of that.
“When social security was first established most people didn’t live past 60 and retired at 55. Today, people are living longer and the original metrics don’t work. Future generations are going to have to deal with this issue,” concluded Patterson.
Joining the show was first time guest Tom Corley, author of “Rich Habits – The Daily Success Habits of Wealthy Individuals,” which recommends a step by step financial success program that can help people create wealth.
“I was a CPA and found myself dealing with a client who had mismanaged his firm and was going under, and who asked me why he had failed in life, and why he was always losing money? I didn’t have the answer but I was intrigued by the question. So I spent five years interviewing wealthy and poor people to see why some people succeeded and some didn’t,” said Corley.
One of the lessons learned is that rich people worked at it, by reading at least 30-45 minutes a day material that helped them succeed. They wanted to get to a point in their career where they were “unfireable.”
Once again, Asbury and co-host Dr. Rich Roffman introduced their weekly “Cronyism Report,” an ongoing look at how federal funding payouts are wasting taxpayer dollars.
Neal began the discussion by recapping some of President Obama’s most flagrant remarks about the country: from suggesting that if you were a small business “you didn’t build that”; to bragging that the private sector was doing “just fine.”
“Obama continues to engage in class warfare. He has to realize that social program spending is out of control and that the private sector can no longer support these programs. At one time, America had the wealth to support these social programs because there weren’t as many people that needed support. Now that number is out of control, and it can’t be sustained,” said Asbury.
Dr. Roffman returned to another outrageous example of cronyism, detailing how Exelon, a large energy company with strong ties to the Obamas, was one of only six energy companies that received $200 million in stimulus funds.
“Exelon officials had many meetings in the White House with top officials, so on top of the $200 million they received, they also received a government commitment of $646 million to build facilities to produce solar voltaic batteries. I’d say those connection paid off,” said Dr. Roffman.
He also revealed that when Michelle Obama was employed at the University of Chicago hospital and Obama was elected to the U.S. Senate, he helped arrange a $1 million grant to the hospital. And then soon after, Michelle’s salary “magically” rose from $121,000 to $316,000. Dr. Roffman mentioned that at least,”…Obama shows consistency in his cronyisms.”
Each week Neal Asbury’s Made in America provides Neal’s insights into the week’s top news stories and their impact on the worlds of entrepreneurship, small business ownership and the overall economy. Neal’s analysis, together with co-host Dr. Richard Roffman, a veteran 30-year publisher with extensive domestic and international experience, takes a non-biased approach based on real life experience in business as an American manufacturer and exporter. Made in America airs nationally each Saturday from 7-8:00 PM on Radio America. Link to Made in America at http://www.nealasburysmadeinamerica.com.
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