Monthly Archives: March 2011

Obamageddon: Signs That Obama's Great Depression Has Begun



By Wayne Allyn Root, Former Libertarian Vice Presidential Nominee and Author of “The Conscience of a Libertarian”

The best professional poker players in the world earn millions by reading and reacting to “tells," their opponents’ verbal and nonverbal traits. They notice the way an opponent is smiling, frowning, laughing, tapping their hands, sweating, or blinking their eyes. All these “tells” can be a sign of their opponent's cards. The ability to read "tells" is the difference between living the life of your dreams versus bankruptcy and depression.

The same holds true in deciphering our economic troubles. If you’ve been paying attention to the news, several ominous signs have appeared that foretell economic disaster. After reading these “tells” or signs, I believe you’ll agree we are entering “Obamageddon” – Obama’s Great Depression.

The first sign is the fact Bill Gross, head of the world’s largest bond fund (PIMCO), has just sold all his domestic government bond holdings. Every single dollar. Do you have any idea what that means? In my opinion Bill Gross is one of the ten smartest men on this planet. He knows everything about the economy and bonds. His sell-off indicates he believes local, state and our federal government are all on the verge of disaster -- insolvency, bankruptcy, and default on bond obligations. To add insult to injury, Gross disclosed he bought emerging market bonds with the money from the sale of U.S. bonds. That means Gross has more faith in Brazil, Russia and African nations than the U.S.A. The Great Gross sell-off is a sign of economic Armageddon.

The next “tell” of economic disaster is even more ominous. Wall Street insiders are startled at how much money the Fed is pumping into the financial system. With over $500 Billion pumped in during just the past three months, the vertical line for 2011 now reaches straight to the stars -- a sign of complete financial panic. The last time such large amounts of money were pumped into the system was in the fall of 2008, when the U.S. economic system was on the verge of epic collapse. What has the Fed so scared at this moment? What is happening behind the scenes to cause such panic?

The next “tell” is that secretive Fed officials normally do not talk publicly about how bad things are. That’s why it is so frightening that, only days ago, Dallas Federal Reserve President Richard Fisher admitted in a media interview “the U.S. is on a fiscal path towards insolvency…” Expecting candor from Fed officials is like expecting an honest answer when asking O.J. whether he killed Nicole. Good luck. When a Fed official talks about “fiscal insolvency,” it’s time to get concerned, very concerned.

The next “tell” is a recent housing study proving the housing market is actually worse off now than in the depths of the Great Depression. From 1929 to 1932 new home sales in the United States declined 80%. From 2005 to today, new home sales have plunged 82%. Even more frightening, the plunge seems to be accelerating. How low can it go?

Other disastrous “tells” that financial Armageddon is upon us are new reports that the consumer confidence index just suffered the 5th largest drop in history, and inflation at the producer level just spiked up in the largest one-month rise since the dreaded inflation and economic malaise of the 1970’s. Let’s sum up the frightening news – Wall Street superstars like Bill Gross are panicking, the Fed is panicking, housing prices are headed to junk bond status, inflation is raging, and consumers are in a state of panic before reading this commentary.

The final “tell” is moronic leftist moviemaker Michael Moore recently stating that America is not broke. He thinks we have plenty of money to keep spending on entitlements, more stimulus, and obscene pensions for millions of government employees. Moore is the guy who thinks Cuba’s medical system is better than ours. He obviously thinks the answer to unsustainable debt and spending addiction is...more spending. Someone needs to make a movie about Moore’s life called “Michael Moore is a Big Fat Bloated Spending Addict.”

Moore is a symbol of the delusional thinking of Obama and his entire socialist cabal, which has wrecked the U.S. economy, spent us into insolvency, encouraged our entitlement addiction, and left us at the brink of economic Armageddon. If Moore thinks we aren’t broke, that could be "the tell" that we are already past the point of no return.

I believe these “tells” are sure signs that Obamageddon: The Great Obama Depression has arrived. We are inches from a cliff as high as the Grand Canyon. How we respond will determine if America survives, or we face the same fate as other great empires (Greek, Roman, British) that self-destructed based on mountains of debt, entitlements, welfare, corruption, too many citizens working for or dependent on government, and great armies spread throughout the globe fighting expensive wars. Forget the Great Depression of 1929. This life or death struggle to save America from Obamageddon will be the most dramatic, difficult and dangerous since 1776.

I say to my fellow patriots and freedom fighters -- Libertarians, Conservatives and Tea Partiers -- let’s lead the charge. Winston Churchill wouldn’t allow Great Britain to fall to Hitler. Through the force of his will, he saved the entire world from a dark ending. We cannot allow the greatest country in world history to fall either. The lives and freedom of our children and grandchildren depend on winning this battle. And we shall.

Wayne Allyn Root is a former Libertarian Vice Presidential nominee. He now serves as Chairman of the Libertarian National Congressional Committee. He is the best-selling author of "The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gold & Tax Cuts." His web site: www.ROOTforAmerica.com

Why Does Obama Hate Small Business?



By Wayne Allyn Root, Former Libertarian Vice Presidential Nominee and Author of “The Conscience of a Libertarian”

I’ve started more than a dozen small businesses. For one, over $20 million was invested by me and investors who believed in me. I’ve paid payrolls, health insurance, payroll taxes, workers comp, and unemployment insurance for hundreds of employees.

Because of that, my employees were able to pay their mortgages, buy groceries, send their kids to college, and provide for their families. For this same small business, I spent about $50 million dollars on things like advertising, marketing, promotion, lawyers and accountants. That money enriched and employed thousands of others. And, that’s just one small business. Think of the impact that thirty million small business owners have on the U.S. economy. No wonder we create 70% or more of America’s new jobs. Small businessmen and women are a far more powerful economic force than Exxon, Microsoft, GE, or WalMart.

So why do Obama and his socialist cabal hate us? Why do small businessmen and women feel demonized and punished? Why is it Obama’s goal to drive us out of business?

Mug or rob me once? Maybe it’s ignorance or a mistake. Twice? It’s a pattern. But, coming up with ways to rob and destroy me and my businesses on a daily basis? It’s time to get the message. Without a doubt, Obama and the progressive left are the enemy of small business.

Let’s look at the facts.

For 30 years I have been able to deduct mortgage interest from my taxable income. Obama wants to end that. How many so-called "wealthy" taxpayers (i.e. small business owners) would no longer be able to pay their mortgage? How many homes would go into foreclosure? What would happen to the housing market? Overnight every home in America would lose 40% of its already decimated value. How many small businesses earn a living off of real estate? How many millions of jobs would be lost? Does this sound like a President looking to create jobs?

For 30 years FICA taxes have been based on earnings currently capped at just over $100,000 per year. Obama wants to remove the cap, thereby hitting small businessmen with the largest tax increase in history. Overnight a small business owner making $500,000 per year would see his or her FICA plus Medicare taxes go from about $15,000 per year to $75,000. That’s $75,000 before federal or state income taxes. That’s a $60,000 per year tax increase for a small business owner. That would drive hundreds of thousands of small business owners out of business. It would force layoffs. It would lower consumer spending and kill more jobs.

For 30 years I ran my business without the extra taxes to pay for Obamacare. Now we face new taxes on income, stock sales, home sales, even on tanning beds! Worse is the provision mandating we report annually to the IRS every vendor from whom we purchase more than $600 of goods and services during the year. The cost of complying with this Big Brother Gestapo mandate is unfathomable and threatens to drown millions of small businesses in paperwork.

For 30 years, most small businesses could raise capital without government permission. Obama and his socialist friends in Congress want to change that. Last year Democratic Senator Dodd tried to pass financial reform that included a provision increasing the amount of money one would have to earn to be considered an “accredited investor.” That would reduce the angel investor pool by an estimated 70% and require most PRIVATE businesses get permission from the SEC to raise money. Do you know what an SEC lawyer costs? Raising capital for any new startup would suddenly cost an extra $250,000 in legal fees…and take months, or years, to wait in line for SEC approval. This would kill new business start-ups. Who could come up with this idea? Only a Marxist looking to destroy the American economy, or perhaps a cabal of extortionist lawyers looking for government to mandate obscene new legal fees. Either way, it was a “Friend of Obama.”

For 30 years I ran my businesses without the White House being in partnership with the American Bar Association. Now Obama has found a way to encourage every lawsuit junkie and disgruntled employee to make up a story and sue their boss. Every caller to the White House alleging their boss has broken the law now gets assigned a lawyer willing to work for contingency (no fees up front). Say goodbye to American business...and goodbye to jobs.

Keep in mind that all those new taxes and regulations mentioned above are aimed at people who risk their own money to start businesses. Collectively we risk trillions. Our courage and capitalism fuels the economy and creates over 70% of new jobs. Our taxes pay for government and all those government employees with their obscene pensions. Running a business often requires working sixteen-hour days and is the hardest thing you’ll ever do. If our reward for all this risk, sacrifice and work ethic is to be punished and demonized, why would we keep doing it?

This is no mistake or coincidence. This is a purposeful plan to destroy capitalism. And the best way to destroy capitalism is to destroy small business. Obama is trying to redistribute our wealth and create a jobs crisis. He can’t stand that we small business owners don’t need or want government to save us. So he’s out to ruin our businesses, and bring us to our knees begging for government to help. And as a bonus, he gets to wipe out the biggest contributors to conservative causes -- small business. In other words, killing small business wipes out Obama’s political opposition.

Yes, ladies and gentleman, we have met the enemy of small business…and he resides in the White House.


Wayne Allyn Root is a former Libertarian Vice Presidential nominee. He now serves as Chairman of the Libertarian National Congressional Committee. He is the best-selling author of "The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gold & Tax Cuts." His web site: www.ROOTforAmerica.com

LIBYA MAKES OBAMA’S FINAL FOUR– TOO BAD AMERICA LOSES



By Wayne Allyn Root, Former Libertarian Vice Presidential Nominee and Author of “The Conscience of a Libertarian”

The Middle East is in flames, we’re now fighting wars on three fronts, Japan has suffered a catastrophe, real unemployment is twenty percent, the housing market is in free fall, and the country is drowning in debt. Nero fiddled while Rome burned. Obama chooses to play golf, make Final FourMarch Madness picks, and party with his family in Rio.

This is madness. Did we elect the President, or “The Ultimate Sports Fanatic?” Will Obama choose the day there’s a massive earthquake in California, or a stock market crash, to honor the college Frisbee Champions?

As befuddled and detached as our President has proven to be, nothing compares to the sin of cooking up a war, and putting American soldiers’ lives at risk, to distract the masses from his disastrous reign. As everything Obama touches turns to disaster, has Obama’s cynical kitchen cabinet decided war is the perfect “Weapon of Mass Distraction?"

Wars tend to make Americans patriotic and rally behind the President. They tend to forget the economic tragedy building by the day and ignore the signs of Armageddon all around them. Mission Accomplished! Haven't we heard that before? It didn't work out too well the first time either.

Why should we risk American lives in Libya? Is Gadhafi any worse than all the other murdering, tin pot dictators we either support or do nothing about? Why not invade Darfur on George Clooney’s recommendation? Innocent people are dying there, too.

Before we start a third war, shouldn’t we all ask a few questions? Has Libya attacked us or any American interests of late? I know of no such attacks. And, by the way, who is Obama to tell Gadhafi to step down because he’s "lost the confidence of his people?" Sounds like Obama has been looking in the mirror again. Maybe the French should demand Obama step down?

Last I checked, Gadhafi is a bad guy -- a murdering thug. But he’s been a bad guy for forty years. Why now? Worse, the rebels fighting Gadhafi are supported by al Qaeda. So now we’re fighting on the same side as al Qaeda -- the terrorist murderers of American soldiers, women, children, and the elderly.

What’s our goal? Does anyone have any idea? Clearly our President doesn’t. Who takes over after Gadhafi? I assume radical Muslim friends of al Queda. Is that why we’re risking American soldiers’ lives?

Who is in charge? The French. Are you kidding? It’s rumored that Patton once said “I’d rather have a German division in front of me, than a French division behind me.” And, have you heard about the rules of engagement? No ground troops allowed. Funny, but I’ve never heard of a war won by only bombers from the air. What happens when Gadhafi digs in? He’s now arming a million citizens to defend him. The Arab League is condemning our bombing. What now? Mr. Obama, you’ve just created another fine mess.

Do we get dragged into a third ground war? What defines winning? Charlie Sheen? And other than the French, who is in charge -- the United Nations, a bunch of lawyers, and a President whose major concern is his golf game? Are you kidding? I’ve been a patriot my entire life, but you won’t find me supporting this war.

It’s past time to get out of Iraq and Afghanistan, and Obama is adding a third war? Is he mentally unstable, or just totally incompetent? And by the way, who declared war? Congress? Doesn’t that pesky document, the U.S. Constitution, say that only Congress can declare war?

There’s one more little problem with a third war. We’re broke. The USA can no longer afford to be the world’s policeman. We have a $14 trillionnational debt and unfunded liabilities of $60 to $80 trillion more. Cities, counties and states are insolvent and Obama is starting a third war where we don’t belong, in the hope it will help him get re-elected by distracting the masses from the financial disaster destroying the country.

Look at Obama’s record. Two wars he promised to end, but never did. Guantanamo he promised to close, but never did. The Patriot Act he criticized, but then extended. How about the torture Obama condemned? Yet now under President Obama we torture a U.S. soldier named Bradley Manning (of Wikileaks fame), even though he’s been convicted of nothing. Twenty-three hours a day of sitting shackled, naked and freezing in his cell…and this is how we treat an American soldier who is innocent until proven guilty under Obama?

Mr. Obama, you’ve already won a Nobel Peace Prize for doing nothing. Are you now trying to win an Oscar for impersonating George W. Bush? Your hypocrisy knows no bounds.

Obama is deliberately trying to ruin this great country (and doing a good job of it), is completely and utterly incompetent, or is having a nervous breakdown in reaction to the nonstop crises exploding under his leadership (or lack thereof).

Now he’s got us in a war in which we don’t belong, based on no threat to America, with no clear definition of victory, spending billions more we do not have. It is time to ask an important question -- Can this nation survive until 2012?

Wayne Allyn Root is a former Libertarian Vice Presidential nominee. He now serves as Chairman of the Libertarian National Congressional Committee. He is the best-selling author of "The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gold & Tax Cuts." His web site: www.ROOTforAmerica.com

Welcome to Obamageddon



By Wayne Allyn Root, Former Libertarian Vice Presidential Nominee and Author of “The Conscience of a Libertarian”



One has to wonder if congratulations are in order for President Obama? The U.S. economy is in ruins, the country in crisis, the world in chaos. Was this all a purposeful plan, or is Obama simply an inexperienced, incompetent, bumbling Inspector Clouseau in the White House?

From the day of Obama's election, many concerned patriots have warned about Obama’s goals. Obama is a follower of radical Marxist strategy, like Saul Alinsky’s Rules for Radicals and Cloward and Piven’s strategy of overwhelming the system to create economic crisis and chaos.

Based on those strategies, one would be foolish not to at least wonder whether Obama's goal from the start was to wreck capitalism; redistribute wealth by punishing, penalizing and demonizing the wealthy; force Americans to their knees to beg for help from big government; and then in response to those pleas, put government in control over every aspect of our lives.

Examine the state of the union and the world under President Obama. Judge for yourselves whether we are in a state of Obamageddon.

The United States is broke. Bankrupt. Insolvent. We’ve spent more and increased the debt more dramatically during the past two years than any anytime in history. Alarm bells are ringing with the news that our deficit for February was the highest in history ($223 billion). The U.S. government now borrows 42 cents of every dollar it spends and has run a deficit 29 months in a row -- a modern record. The debt is now so immense that if the IRS taxed every U.S. citizen 100%, we still could not achieve a balanced budget. If we add in unfunded liabilities, we couldn’t balance the budget if we all paid 100% taxes FOREVER. Obamageddon?

States, counties and cities are more broke and insolvent than the federal government. California is so broke, illegal immigrants are being caught sneaking into Mexico. Bill Gross, CEO of the biggest bond fund in the world, just sold all his U.S. municipal bond holdings and invested the proceeds in emerging bond funds. So Bill Gross now trusts African nations and Brazil more than U.S. bonds.

Real unemployment is close to 20%, a number not seen since the first Great Depression. Small business -- which creates around 80% of all new jobs -- continues to struggle. Only days ago Robb & Stucky, an upscale national furniture chain in business for 95 years, filed bankruptcy and announced it was closing all stores immediately. The famous Sahara Hotel in Las Vegas also announced it’s closing its doors after a 59 year run. Even a combined 154 years of success is no match for Mr. Obama's economic gameplan. Unless one starts to think that perhaps failure and crisis are the gameplan.

We have a union crisis in this country with Obama’s best friends and biggest campaign contributors -- government employee unions -- pitted against private sector taxpayers. In Wisconsin, this crisis has led to protests, work stoppages, and threats on the lives of union opponents.

The housing market is in dreaded “Double Dip” territory, with declines actually accelerating across the country. Commercial real estate is so bad, landlords are begging the banks to take their keys and take back the properties. The banks are saying, "No, thanks. You keep it."

Real inflation -- including food and energy prices -- is skyrocketing. The Fed is printing hundreds of billions of dollars to buy America’s own bonds, which even China now refuses to buy. If the Fed continues to debase the currency, bond holders will demand higher interest rates to compensate for higher inflation. Since America owes a $14 trillion debt compounded with an annual $2 trillion deficit, any rise in interest rates would increase payments on the debt to the breaking point. Interest payments would crowd out all other forms of government spending.

Under Obama, we are more energy dependent on the Middle East- a region in flames. Oil has skyrocketed to over $100 per barrel, yet Obama refuses to allow any new drilling, exploration, or construction of new refineries on U.S. soil. Does this seem like a reasonable man with America’s best interests in mind? Or someone bringing about a crisis to purposely bring the U.S. economy to its knees?

Our southern border is in crisis with drug wars, violence, and murders spilling out into the United States. Border agents are out-gunned and out-manned. Obama's reaction? Sue the state of Arizona for defending its own border. Is this a reasonable reaction, or a man looking for a crisis?

In the meantime, we have become a nation on the dole. A record 45 million Americans are on food stamps. One-sixth of all personal income in the USA is now provided by government. Are we building a future for our children to be productive and competitive in this world? Obama’s own Education Secretary announced days ago that 82% of all public schools are failing. What would you expect from a President owned by the teacher unions?

Can it get worse? Sure, the NFL could go on strike and we wouldn’t even have football as a distraction anymore. Uh oh.

The country formerly known as the United States of America is now the Crisis States of America. All we can say to Obama is congratulations -- "MISSION ACCOMPLISHED."

It really doesn't matter if Obama is doing this on purpose or not. With friends like this, who needs enemies?

Welcome to Obamageddon.





HAIL THE KING…HAIL OBAMA


By Wayne Allyn Root, Former Libertarian Vice Presidential Nominee and Best-Selling Author of “The Conscience of a Libertarian”


It’s funny how life works. Even when I agree with Barack Obama, I am still offended by his Big Brother attitude and Nanny State goon tactics. Obama’s actions remind me of a dictator who thinks he knows better than you or me. Last week, President Barack Obama erased any doubt that he sees himself as “King Supreme Ruler” rather than as the elected servant of the American people. Obama declared he would not defend a law passed by the Congress of the United States called DOMA (Defense of Marriage Act).

As a well-known Libertarian-conservative and States' Rights activist, I believe the federal government has no place in the debate on marriage. If any government should be involved (and I don't think they should be), it is a States’ Rights issue and should only be decided on the state and local level. DOMA tramples on States Rights in violation of the Constitution.

But Obama's support of my opinion makes me feel no better. One could respect his argument that DOMA is unconstitutional if Obama was a consistent defender of the Constitution. But Obama is about power and pleasing his biggest political contributors, not upholding the rule of law. If Obama was frank with the American people he would simply state, “I am your king, your ruler. Congress is irrelevant and the Constitution is a meaningless piece of paper. I will tell you what laws are good for you.” Obama knows little about truth. He received an Ivy League degree in speaking out of both ends of his mouth. And a Masters Degree in the art of “weapons of mass distraction.”

Obama's decision was pure politics. And a perfect distraction while the economy and global security melts down. The national debt is mounting; cities and states are bankrupt; the dollar is headed for oblivion; gas prices escalate out of control; real unemployment heads for a staggering 20%; the Middle East is in flames; our border is undefended. To a master of deception like Obama, this is the perfect time to distract the media and the masses. Change the topic. Open the fight on another front. Confuse, misdirect, and overwhelm the opposition, while simultaneously rewarding a group that contributes heavily to Democratic causes. Right out of Obama’s favorite book, “Rules for Radicals.”

But don’t buy into Obama’s propaganda. This has nothing to do with the Constitution. If Obama cared about the Constitution, he’d be refusing to support many of his own bills. After all, there is nothing constitutional about Obamacare. Forcing consumers to buy a product (health insurance), with the threat of government (fine or prison), is certainly unconstitutional.

If the Constitution mattered, Obama certainly could not consider giving waivers to opt out of Obamacare to unions across America. He certainly could not attempt to set price controls on doctors, insurance companies, and medical device manufacturers. He could not support Cap and Trade. What role does the Constitution allow for government to take control over private industry?

What about bailouts? Is it constitutional to steal taxpayer money from the treasury to hand out to companies that wrote the biggest checks to your Presidential campaign?

How about Card Check? You think it’s constitutional to enrich 7% of the population (union employees) who happen to send hundreds of millions in contributions to Obama, all balanced on the backs of the other 93% of the population? Is it constitutional to accomplish this by taking away the rights of employees to vote in secret? I wonder if it's constitutional to be a President and union hack at the same time?

And then there’s Obama’s obsession with banning oil drilling. Recently, a federal judge called Obama’s de facto ban “unreasonable, unacceptable and unjustified.” Obama’s unconstitutional disregard for the rule of law could threaten the security and stability of the entire U.S. economy.

It certainly can’t be States Rights’ that Obama is concerned with. Afterall, he is currently suing the state of Arizona, interfering with their constitutional right to protect their own border and citizens. Amazingly, Mexico has joined the suit. Do you think it’s constitutional for our President to be suing one of our own states, with Mexico as a partner?

So why start quoting the Constitution with DOMA? In the middle of the Great Depression II and a Middle East meltdown, why choose gay marriage as the issue to draw the line in the sand? What would the media’s reaction have been if President Bush had decided he would no longer defend the Civil Rights Voting Act on constitutional grounds? Yet in this case, we hear only deafening silence from the media.

No matter that for the first time, Obama and I are on the same side of an issue. His handling of DOMA is simply an extension of his non-stop Big Brother power grab through the appointment of radical czars; blatant disregard for the rule of law (see his handling of the GM and Chrysler bankruptcies); and implementing rules, regulations, and policies that bypass the Congress and the will of the American people.

Our President can cite his new found appreciation for the Constitution all he wants. But from his actions as President, it’s clear he wouldn’t know the Constitution if it hit him in the face. This man considers the American people “serfs” and himself our King and dictator. As my father, the common-sense blue-collar butcher, used to say, “Don’t listen to what he says, watch what he does.”

Wayne Allyn Root is a former Libertarian Vice Presidential nominee. He now serves as Chairman of the Libertarian National Congressional Committee. He is the best-selling author of "The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gold & Tax Cuts." His web site: www.ROOTforAmerica.com

A Teachable Moment: How Obama Would Solve the NFL Labor Crisis



By Wayne Allyn Root, Former Libertarian Vice Presidential Nominee and Best-Selling Author of "The Conscience of a Libertarian"


Some are now suggesting that President Obama get involved in the NFL strike talks. I was his college classmate at Columbia University and have studied his political career for years. My record of predicting where Obama will come down on the side of an issue and what lie he will tell to rationalize his decision is near perfect. Just call me “The Obama Whisperer.”

Here’s a quick lesson in how he thinks:

First, Obama is a Socialist who believes in the redistribution of wealth. He hates those who have worked hard and earned money -- unless they give him massive campaign contributions.

Second, he’s a union hack, who will do anything for unions, even break the law and violate the Constitution -- at least for those unions that give him massive campaign contributions. Don’t believe me? Ask the shareholders and banks that loaned billions to GM and Chrysler, only to see their ownership and legal contracts erased by Obama in order to hand ownership to the unions that destroyed the automakers in the first place.

Third, like a true Socialist, Obama believes government has the solution to every problem, and that solution is more government and higher taxes, combined with a prescription of social justice and affirmative action.

Based on his lifetime body of work, here is how I predict Obama will settle the NFL labor crisis:

Like ”Cap and Trade,” Obama will produce scientists to declare that football is a dangerous sport threatening the health and welfare of the players. He'll then pass “Helmet and Trade” legislation putting government in control of football -- setting salaries for players, prices for fans, and giving new powers to the NFL players union.

Never letting a serious crisis go to waste, Obama will then pass legislation called "NFLCare" that demands that the NFL pay for the lifetime pension and healthcare of the players, paid for with massive new taxes on the NFL and its fans. The doctors who treat the NFL players will have caps placed on their fees. Of course this will lead to shortages of doctors and rationing, so eventually NFL Limb Panels will be set up to decide who gets a new knee, or shoulder, or hip. These decisions will be based on years of player life expectancy remaining, or the size of contributions to the Obama campaign.

He’ll then decide what income is “fair” and what is “greedy,” placing wage controls on players. Obama will say, “There is no longer a need for million dollar salaries. After all, just like government union employees, I’m going to guarantee NFL players -- even the failed ones -- pensions of $100K per year for life and free healthcare. We’ll call it ’NFL Tenure.’ It's like a government job -- a guaranteed job for life, without any performance necessary.”

Like American businesses, players will react to lower wages and higher taxes by leaving the USA to play football in Canada and Europe, destroying the NFL. Obama, of course, will blame the “greedy NFL owners” for sending American jobs offshore and pass a huge tariff on each player leaving the USA.

Then, Obama will state proudly, “We’ve got to spread the wealth around” and pass ”NFL Financial Reform,” requiring ninety-five percent of revenues be redistributed to employees, vendors, peanut salesmen, ticket takers, security, and parking lot attendants. A peanut vendor will be seen crying and telling a reporter, “I’ll never have to worry about paying rent or putting gas in my car ever again.”

But, Obama is just getting started. Fifty percent ownership of NFL teams will be turned over to the Players Union, just as in the case of GM and Chrysler. Obama will state, “The working man needs a stake in his own future.” This legislation will also demand teams have a minority owner in their ownership group and 50% of all NFL contracts be awarded to minority owned businesses. Not losing the opportunity for a teachable moment, Obama will say, “The NFL must reflect the diversity of America. It is time for the ownership, players, and contractors to reflect social justice. To get this party started correctly, I have fired Commissioner Goodall and appointed Reverend Al Sharpton as Commissioner of the NFL.”

Next he’ll pass rules limiting work hours for players and declare off-season workouts as “overtime.” The White House will set up a Toll Free (800) number for players to call the Bar Association, one of Obama’s leading contributors, who will provide lawyers free of charge to sue NFL teams within hours of a reported violation.

Finally, various new taxes will be imposed including "draft taxes,” “trade taxes,” and a "championship tax" (doubling taxes on Playoff teams; tripling on the Super Bowl winner). He’ll impose VAT taxes on everything bought at the games and a "wealthy fan confiscation tax” for prime, sideline seats. Skyboxes, of course, will be seized for the use of government officials, bureaucrats, politicians, and Obama campaign contributors.

At this point NFL owners will plead insolvency and threaten bankruptcy. Obama will ask “So, what’s in it for me?” Understanding EXACTLY what he means the owners will make massive campaign contributions to Obama and receive billion dollar bailouts from the U.S. Treasury as part of his next “stimulus” package.

Problem solved. NFL Strike/lockout averted. Obama has done it again. How did business survive before Obama?


Wayne Allyn Root is a former Libertarian Vice Presidential nominee. He now serves as Chairman of the Libertarian National Congressional Committee. He is the best-selling author of "The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gold & Tax Cuts." His web site: www.ROOTforAmerica.com