Monthly Archives: June 2012

Huge Supreme Court Win is Actually a Poison Pill for Taxer-in-Chief Obama

By Wayne Allyn Root

I’ll admit I wanted to see Obamacare struck down by the Supreme Court. Yet I rooted for this outcome with trepidation. Because the loser of this decision would gain the edge in the election. Why? Simple. Voters are motivated by fear, anger, shock, and outrage.

Just like consumers. Rarely does a consumer ever contact a business owner like me to tell me how great my business or products are. Almost 100% of letters, emails, and calls a business owner receives involve complaints. It’s always been that way. Whether you’re talking about voters, consumers, or citizens exercising their rights.

Have you ever seen citizens mobilizing and showing up at City Hall meetings in force to say they are happy with the Mayor and the City Council? It has never happened. It never will. But if the garbage isn’t picked up fast enough, if the snow isn’t plowed fast enough, if the zoning is changed in a way that hurts property values- WOW, do you have protests and outrage! People who are happy are just not motivated to get off the couch and take action. Only anger works to motivate people to do something…to shout…to make calls…to go door to door…to organize protests…to vote…to contribute. So in politics the edge goes to the angry electorate.

So today’s Supreme Court ruling might seem to be a victory for Obama, but in reality it is the worst possible outcome for him. Conservative voters will now be on the warpath and come out in droves on election day. The party with the anger is the party with the edge.

But far worse is the actual decision and how it makes Obama look. He didn’t win healthcare for the people. He won a giant new tax. Don’t take my word for it. Just ask the Supreme Court. How appropriate. Barack Obama will now go down in the history books as the Great Taxer in Chief. His signature victory was just ruled a tax bill by the Supreme Court, not a health or commerce bill. Americans hate taxes. They throw big taxers out of office. Heck, we fought an entire revolution over tiny taxes on tea! Obama just became “the King of Taxes” with his smashing tax victory. He will go down in history as the greatest taxer ever in the White House for his signature tax victory. Get it? Obama and the word “taxes” are forever tied together. He isn’t Barack Hussein Obama anymore. He is Barack Taxes Obama.

By the way, liberals, big government proponents and the Obama administration (I know, I repeat myself) didn’t win big on Thursday. They lost on the commerce clause aspect of this decision- which means government cannot throw every bit of commerce for the rest of all time under their authority. That’s a loss.

And they lost on the Medicaid expansion- which is a victory for States’ Rights.

All in all, a hollow victory for Barack Taxes Obama. In the long run, I’m betting it’s a victory he’ll wish he lost.

Wayne Allyn Root is a Capitalist Evangelist and serial entrepreneur. He is a former Libertarian vice presidential nominee. He now serves as Chairman of the Libertarian National Campaign 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 I Escaped From New York and California

As published at The Project to Restore America:

By Wayne Allyn Root

I was born and raised in New York — the greatest state with the greatest city on earth. New York City is the Big Apple- filled with the kind of energy and excitement I crave.

Yet almost twenty-five years ago I left. Actually I ran for my life. Why? The answer is simple – taxes! I wasn’t willing to live in a place- even a great place- where government takes so much of your money and gives you so little in return.

I call my journey “Escape from New York” and I wasn’t the only one. With all my friends and relatives still there, I came home often to visit, on business, or to appear on Fox News Channel. I had to schedule 3 or 4 “shifts” per day, to accommodate all the friends and family that I wanted to see. Today when I go back, no one is left. All my friends, business associates, and relatives are gone, vanished. Over the past 25 years, like me, one by one they made their escape from New York’s high taxes.

My escape back then was to sunny Southern California. I never looked back. The sun was always shining, the palm trees swaying, the ladies prettier (I was single back then), and at that time, the taxes lower. I was happy as a kid in a candy store. I bought a home on the beach and lived the life I’d seen on Baywatch. I woke up every morning to take a walk on the beach, and from my deck watched the dolphins swim. I married a former Miss Oklahoma. I was in heaven.

Unfortunately, during the next decade California grew more and more desperate. Taxes were raised again and again. There were so many rules, regulations, and lawyers, it became impossible to run a business in California. Not only were the income, sales, and business taxes outrageously high (property taxes were kept somewhat in check by what is known as Proposition 13), workers comp and health insurance for my employees were even worse. It became almost impossible to fire an employee in California without getting sued. It became so aggravating that even the sunshine and walks on the beach no longer made me happy. Once again I plotted my escape.

My destination — Las Vegas, Nevada. Can you imagine leaving the sunshine, palm trees, walks on the beach and dolphins in my backyard for the desert and 110 degree summer days? You can when you realize it’s a place with no income tax- zero. No business income tax- zero. No capital gains tax- zero. No inheritance tax- zero. And the 16th lowest property taxes in America. A place where the state constitution bans personal income taxes, limits the time politicians can meet, and welcomes guns in the hands of law abiding citizens. This is a place where they practice Wild West Cowboy Capitalism. I call it heaven. God, I love Nevada. I don’t plan on ever leaving.

Let me tell you what it’s like to live in a no tax, limited government state. As good as it is to not have to pay state income tax, it’s even better that there is no state version of the IRS. Do you realize the peace of mind you get from knowing there is no state tax authority to target, hound, harass, and audit you? No state tax authority to send you notices, scare you half to death, make you nauseous, and ruin your day? Take it from me, it’s wonderful.

I left California and have not had any business there for almost thirteen years. And guess what? I still get notices from the California state tax authority each year telling me I owe them money. That’s how desperate they are. They must hound and harass actual California business owners 24 hours a day, 7 days a week, 365 days a year. What a terrible way to live.

And the worst part? In California they treat taxpayers like crap. They don’t say please or thank you after you give them an obscene share of the money you worked long and hard for. They demonize you for not paying MORE. That’s right, California has TV and radio advertising campaigns demonizing rich people because they don’t pay enough. They want your right arm and your first born.

In Nevada it’s simple. No matter how much you make, you owe the state NOTHING. Zero. Zip. Nada. In Nevada, what’s yours is yours. In Nevada if you make $50,000, $500,000, or $50,000,000, you owe the state nothing. Your money belongs to you!

What does that mean to a small business owner like me? I’m not rich. I own no yachts or private jets. I have no offshore accounts. I’m simply “the bedrock of America” – an upper middle class, small business owner trying to move up in life, create jobs, give my kids the best I can, live a good life, and leave a legacy my kids can build on. I have a big mortgage, a second home, never-ending bills, three kids being home-schooled by tutors, and my oldest daughter attending Harvard (for $60,000 per year before taxes).

I could not have this life in either NY or California. On the exact same income, I’d live a far worse quality of life in those high tax states. But, Nevada has given me the life of my dreams. Because of the money I save in state taxes, I was able to afford a new home on a golf course, twice as big as my home in California. I was able to afford a vacation home on a ski slope. I can afford to shop for organic food at Whole Foods to keep my kids healthy. And most importantly, I can afford to home-school my kids. That led to my daughter being accepted at Harvard, and now Oxford. The lack of taxes changed my life and gave me and my family a much better lifestyle, including enough left over to pay for a trip to Maui each summer. I owe it all to the taxes I don’t pay in Nevada.

Is that bad? Am I missing something? Isn’t the purpose of government to make our lives better? To allow us to pursue happiness? To allow us to live the American Dream? Nevada does that. It’s just not possible anymore in high tax states like NY and California.

What exactly do you get for your high taxes in NY and California? I lived in NY, California, and now Nevada for long periods of time and can tell you, you get nothing for all those extra taxes. Zero. Zip. Nada. Nevada’s zero state income tax has made my life far better. These high tax states take your money, give you nothing for it, and to top it off- treat you like crap, never thank you, and have the nerve to say you should pay more.

No thanks. I’ll live in the desert and keep my own money, thank you.

While I don’t get to walk on the beach in the morning, the taxes I don’t pay here in Nevada, allow me to walk every morning on my golf course with views of 5 lakes, 7 waterfalls, beautiful mountains, and the world famous Vegas Strip. Las Vegas has been good to me.

And what has my escape from California done to my old state? Well, it’s not just me. During the past decade over 1.3 million residents escaped California. When I add up the income taxes, property taxes, business taxes, and the payroll and income taxes for the 100 employees I took with me… chasing me away probably cost California more than $2,000,000. Multiply that times thousands of other high income, high net worth, business owners among the 1.3 million who have escaped…and that accounts for California’s massive budget deficit.

You know what they say about pigs- they get slaughtered. And, California and NY are certainly pigs. They chased their most productive citizens away and now are broke, dysfunctional, and in a desperate death spiral demanding ever more tax revenues to pay their bills.

If we let big government progressives have their way, NY and California’s story will also be America’s sad story. They will turn the whole country into Greece, or America’s version of Greece- California. And why should anyone expect the results to be different? Keep spending, confiscating, and demonizing business owners, and wealthy Americans will leave America in droves, just as Californians and New Yorkers are leaving those places.

My personal story clearly shows why taxes are bad and are destroying the living standard and quality of life for your family. Governments lie when they say taxes are good and the price you must pay for a “civilized society.” Big government doesn’t lead to a better life. Only a very limited government, allowing you to keep more of your own money, leads to a better life.

I’m betting I’ll be seeing you in Nevada soon!

Wayne Allyn Root is a Capitalist Evangelist and serial entrepreneur. He is a former Libertarian vice presidential nominee. He now serves as Chairman of the Libertarian National Campaign 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

To see this article at Project to Restore America, go to:

http://www.theprojecttorestoreamerica.com

Why All My Ex’s Live in Texas

As Published at TownHall.com

By Wayne Allyn Root

Not only do my ex’s live in Texas, but your ex’s, and pretty much everyone else’s ex’s as well. All of America is moving to Texas. Especially the ex-residents of high tax states like California and New York. And, I’ll bet many of the ex-residents of Big Brother tax and spend Massachusetts, Illinois and Michigan are there too.

The fact is Texas led the nation in net population growth for the past decade, while New York and California led the nation in net population loss. Interestingly, the most new Texans (over 550,000) came from one state- California. They brought with them a remarkable $14.3 billion in income, but even that paled to the almost $1 trillion in assets and income that re-located New Yorkers brought to the Lone Star State. WOW!

From 2000 to 2010 a staggering 3.4 million people moved out of New York resulting in a net loss of 1.3 million residents. California was a close second with a net population loss of 1.2 million during the same decade.

So why is everyone running for their lives from New York and California? And why are so many of them heading to Texas? The answer is taxes, regulations, and quality of life. Americans have figured out that high taxes and excessive regulations kill jobs and quality of life. People simply want to have more opportunity for success and keep more of the money they work so hard to earn.

It’s no coincidence that New York has ranked first or second in the nation for tax burden every year since 1977. That includes state income taxes, property taxes, and sales taxes. There is also gas tax of a whopping 49 cents per gallon, and the highest estate and gift taxes in the nation. After grabbing more of your money than any state while you’re alive, New York also steals more of your money after you’re dead. I should know- I left New York 25 years ago and never looked back.

California now ranks first (ie worst) for highest state income tax. Add to that the mantle of worst state in the nation for excessive rules and regulations. It’s no wonder the Milken Institute ranks California as having the worst business environment in the nation. I should know- I left California too.

Lest you think this is some kind of fluke, or that taxes are not the determining factor in this “escape from NY and California,” it isn’t just Texas that is gaining all these fleeing residents. The U.S. Census reported that all of the top 15 states for population growth during the past decade are no tax or low tax states like Nevada, Florida, Arizona, Utah, Georgia, North Carolina and South Carolina. It seems Americans are smarter than politicians give them credit for- they are voting with their feet for lower taxes, pro business attitude, and more economic freedom.

Because no state in the union has a better economy, let’s look “up close and personal” at the Texas miracle. Texas practices what I proudly call “Wild West Cowboy Capitalism.” And it works!

Texas has zero state income tax, zero capital gains taxes, and zero death taxes. It is a “right to work” state where employees may choose to join a union, but are never forced to. It is pro business and anti-lawyer (discouraging class action lawsuits and the first state to pass a “Loser Pays” law). Texas is also tight-fisted with welfare and entitlement benefits- unlike New York and California. The result of this limited government attitude is people with high incomes, assets, and ambition are moving into Texas, while those who lack work ethic, and feel entitled to handouts are moving out. Good riddance.

But the most important attribute of Texas is that its constitution limits the time that politicians can meet. The Texas Legislature is limited to meeting only 4 months every other year. That pretty much explains everything. Texas and my state of Nevada have no state income taxes and the fastest growing populations in America…not in spite of, but because the politicians aren’t allowed to sit in their seats all year long thinking of new ways to re-distribute income, impede business, and destroy jobs.

Let’s look at the remarkable results of favoring hard working job-creators over entitlement addicts, and business owners over lawyers. Texas now has more Fortune 500 headquarters than New York. It tied for the highest state economic growth in America over the past 50 years, while displacing New York as the second largest state economy. The annual Texas economy has passed $1 trillion, accounting for 8.3% of the entire U.S. economy. In the last three years one third of all jobs in America were created in Texas, and in the past decade, more jobs were created in Texas than in the other 49 states COMBINED.

One smart businessman, Andrew Puzder, sums it up. Mr. Puzder, CEO of California-based CKE Restaurants with over 3000 restaurants including Carl’s Jr. and Hardees was recently quoted in the Wall Street Journal. He calls his home state of California “the most business-unfriendly state…” Opening one of his restaurants in California takes 2 years and costs $200,000 more than opening one in Texas, where it takes only 6 weeks. Is it a surprise that CKE has stopped opening new restaurants in California, but plans to open 300 in Texas?

So there you have it. Now you know why everyone’s ex’s live in Texas (or soon will), and why businesses, as well as people, choose states that treat them better, give them more freedom, and allow them to keep more of their own money. Imagine that? The results of smaller government, restrained politicians and lower taxes is dramatically increased wealth, happier citizens with a higher quality of life, and far higher job creation.

PS. My Texas friends want everyone to know, “Come on down, ya’ll are welcome. Just leave your liberal politics at home.”

The Key to Defeating Obama is Not Kenya, It’s Chicago!

By Wayne Allyn Root

Here is my advice to anyone looking to defeat Barack Obama on November 6th — Forget Kenya. Where Obama was born (or not born) is just not of interest to most Americans. Mainstream voters just don’t care. They don’t see the significance. So be it. But there’s a place much more damaging to the Obama legacy anyway. It’s called Chicago.

Therein lies the heart of the story that defeats Obama. Chicago is like Kryponite to Obama. It is poison to the story that Obama paints of hope and change. Because the Windy City itself is in decay and collapse. Not just economically, but morally. It is descending into the violence and poverty of a third world nation.

It is the story that Obama cannot run away from. Chicago is his city. It is his foundation. It is the love of his life. But the results are more like the curse of his life. Obama’s Chicago is what we never want America to become. Chicago is the American nightmare.

Obama denies Kenya and expects us to take him at his word. But he doesn’t deny Chicago. He embraces Chicago. He is proud of Chicago. And therein lies the key to beating Obama. Just point the tragedy of Chicago out to suburban mothers and grandmothers. Just paint Obama with the color of Chicago from head to toe. Obama’s Chicago is radioactive. You don’t need third world Kenya to defeat Obama. Chicago is a third world city, right here in the middle of America.

Never was that more clear than this past weekend, when Obama went home to his town. Obama’s Chicago melted down all around him. In one weekend, with Obama back home, seven were killed, 35 injured in gun battles. Included in this violent mess was a 16 year old girl. Three of the murder victims were killed in one hour on Sunday morning. It was the third weekend in a row with gunshot murders and injuries in the double digits. The police are out gunned and under siege. This toddlin’ town has descended into anarchy. This is the town our President proudly calls “home.”

Chicago is the murder capital of America. There has been a 50% increase in violence in the past year. Gangs roam freely, killing young children, the elderly, and even pregnant women execution style. Drugs are rampant. Guns are everywhere in the hands of criminals, while law abiding citizens are banned from defending themselves. This is the result of the gun control laws that Obama supports so strongly. They have turned Chicago into a swamp infested with murder, rape, assault, home invasion robbery, car-jacking, and muggings. This is what happens when you ban guns. Criminals run free, unfettered by the same laws that wind up leaving good people defenseless and dead.

But wait…it gets worse. The state of Illinois just raised income taxes in dramatic fashion, pushing its productive citizens out in droves, while property taxes in Chicago are among the highest in the nation. Why? Because Illinois leads the nation in debt and under-funded pensions for government employees. The state of Illinois and the city of Chicago are both for all intents and purposes bankrupt and insolvent. The Cook County treasurer recently reported debt of over $108 billion. That’s over $63,000 per household — for a CITY! Just pension obligations for government employees alone are over $50 billion. The Treasurer said he was “stunned.”
See: http://www.suntimes.com/news/politics/6084880-418/every-chicago-households-share-of-local-govt.-debt-63525

Not surprisingly, the Chicago economy is in meltdown. The Chicago PMI (Purchasing Managers Index), a reflection of manufacturing activity, just reported a drop that can only be described as disastrous. It signaled that manufacturing has come to a halt in Chicago. Keep in mind the power of a President to send money to his favorite town — government contracts, stimulus, green energy “investment,” education funding, and bailouts. You name it, Obama has done it all. Yet there is still a complete collapse of the economy in Chicago.

But wait, it gets worse. Chicago’s public schools are in shambles. Obama and his Democrat politician buddies handed the keys to the teachers unions…and just look at the results. If there is any education going on in Chicago, you’ll need a magnifying glass to find it. Chicago schools suffer from 40% drop out rates and six of the worst 25 high schools in America are located in Chicago.

But even more damning are the shocking failures of black students in Chicago. It is easier for a camel to go through the eye of a needle, than a young black male in Obama’s Chicago to go to college. A young black male from inner city Chicago has a 1 in 40 chance of graduating college. Chicago is the disgrace of the U.S. education system.

So let’s get this straight. Chicago’s economy is collapsing. Taxes are soaring. Criminals roam the streets freely. Violence is out of control. Public schools are failing. Government employee pensions have gone rogue. Black children are helpless, hopeless and inundated by drugs and gangs while waiting for change that has never come. And all of this is built around the most corrupt political system in the country — with four of the last five Governors serving prison time. Close your eyes. Are you sure I’m not talking about a third world country?

So let’s forget Kenya and the whole birth certificate thing. Let’s concentrate on our own third world. Obama’s Chicago is fast becoming hell on earth. There is no hope, and there is no change in anyone’s pockets. There are only drugs, murder and corruption.

Forget Kenya, Chicago is the geography that seals Obama’s fate.

Wayne Allyn Root is a Capitalist Evangelist and serial entrepreneur. He is a former Libertarian vice presidential nominee. He now serves as Chairman of the Libertarian National Campaign 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

Political Pundit and Las Vegas Oddsmaker Makes A.G. Eric Holder Prediction

Wayne Allyn Root is one of the leading prognosticators in the country. His record on political predictions is unmatched. Just a month ago he predicted a 7 to 10 point win in Wisconsin for Governor Scott Walker. That was the exact outcome. Just over a week ago, Wayne predicted Obama would lose the Presidential race this November in a landslide. That video commentary has been viewed by almost 70,000 people in about a week. Here is Wayne’s prediction on Attorney General Eric Holder:

Attorney General Eric Holder is going to soon be out of a job. Forget the contempt hearings in Congress. It’s the opinion of the public that really matters to a cold-hearted, cut-throat politician like President Obama. Lifelong best friend or not, Eric Holder has become far too big of a political liability for Obama. His days are numbered. As they’ve said in D.C. for a century, “If you want a friend in Washington DC, get a dog.”

Obama will cut Attorney General Holder loose as soon as possible, and that means any day now. Obama can’t afford to have Holder hanging over his head during the final stretch of the election campaign. My prediction is that during a summer Friday…after the stock market has closed for the day…after the national media has left the office…after 95% of all Americans have left home for a long summer weekend at the beach…when no one is focused on politics…the announcement will be made. Eric Holder will resign and go quietly into the night, undoubtedly hooked up with a 7-figure D.C. law firm partnership already arranged.

It is all fait de complet. This mafia-style political “whacking” will all happen on a summer Friday after the end of the day- when few Americans will notice over a vacation weekend. It will be out of the way long before Labor Day…freeing the Holder millstone from around Obama’s neck during the all-important last nine weeks of Fall Presidential campaigning.

Holder knows it, Obama knows it, the entire Democratic establishment knows it, the Beltway media knows it. All that is left to be answered now is…what weekend is chosen to make the least noise and what law firm will agree to pay 7-figures to Holder as a favor to the President.

That’s the way Washington works. You can bet on it!

God Help Boxing

As published at FoxNews.com

By Wayne Allyn Root

No wonder our country is in crisis and our economy is collapsing. We are inches from the cliff. A tsunami is coming. We can all see it in slow motion. And our politicians are stark raving mad. “One flew over the cuckoos nest” level of madness. Straight-jacket mad.

Our politicians can agree on nothing. There hasn’t even been a budget presented or passed in 3 years. Yet Republican Senator John McCain and Democrat Senate Majority Leader Harry Reid, the two most prominent leaders of their parties, are joining hands to fight the biggest threat of our time- drumroll please- bad boxing decisions.

Yes, you heard me correctly. Harry Reid and John McCain have gotten together to introduce legislation that would create a U.S. Boxing Commission. With all the problems and crisis in our world, this is the priority for our politicians. And you wonder why Rome (or in this case, Washington D.C.) is burning?

Let me get this straight. Our country has over $16 trillion in debt. About $115 trillion if you add in unfunded liabilities. One state- dysfunctional California (our Greece)- has debt problems wider than the Grand Canyon, and unfunded future public employee pension obligations of about $500 billion. One city- Chicago- has debt of over $108 billion (just announced by the Cook County Treasurer) and pension obligations of $50 billion and growing.

But boxing is in crisis. Something must be done immediately. Move boxing to the top of the list!

If debt isn’t a big enough crisis to deal with as a top priority, how about jobs? You think that might catch our Senators’ attention? Today the JOLT Report was released- an obscure but important report of job openings nationwide. We lost 325,000 job openings in April from the previous month. This is the 6th worst collapse in history. The category of “new hires” also dropped by 160,000, the biggest drop since April of 2011.

We are in severe contraction. We are in economic trouble so deep we are digging our way to China. But hey, let’s look at the bright side. Maybe we can find some jobs once we reach China.

In light of all of this, in the middle of an economic Armageddon, our Senators desperately want to add new government responsibilities to oversee…BOXING. And get this- Reid and McCain aren’t even the craziest politicians in the bunch.

Our President believes the most important issues are gay marriage…giving free contraception to women…adding over 1,000,000 illegal immigrants to the dog-eat-dog jobs competition…and having ceremonies at the White House to comemorate The Stonewall Riots- a New York transvestite bar owned by the mafia, where rioting broke out in 1969. Oh my God.

And the best part of all…the really delusional thing about all this is not that these out of control, power-hungry, lost-their-way politicians think these issues are a priority in the middle of what is fast becoming a Great Depression II. No that’s the smaller issue.

The bigger issue is that the country is hanging by a thread at the cliff because of…these same politicians. They’re the ones in charge. They ran up the $115 trillion debt. They created this jobs crisis with the legislation they passed. Obama turned a bad reception into a Great Depression with 60,000 new rules, regulations and mandates in only his first 3 years. Add in Obamacare with it’s thousands of pages…and Dodd Frank with over 2000 pages…and Obama’s nonstop anti-business propaganda targeting, scape-goating, punishing, and demonizing the wealthy. Voila, you have a toxic brew that brought us to this moment in time. To the edge of this jagged cliff.

And now the same politicians who ruined the world’s greatest economy have the gall to say they should be in charge of running boxing too! As if they are so talented, their expertise is desperately needed by the boxing world. Can you even imagine the hubris?

Please keep in mind this is the same government that in the state of New York ran OTB (Off Track Betting) and recently declared bankruptcy. Government can’t even make a profit on gambling.

This is the same government that has spent trillions on the war on poverty since 1966, yet there are now almost 50 years later record numbers of Americans on welfare, food stamps, unemployment, and disability.

This is the same government that has wasted over $1 trillion on the war on drugs and 40 years later the easiest place to find drugs anywhere in America is a prison.

This is the same efficient government that took a $100,000,000 legal brothel in Nevada (the only state with legal prostitution), and in one year ran it into the ground and declared bankruptcy. Government can’t even run a whorehouse and make a profit.

Just what boxing needs- government calling the shots. This is what you call putting a one-eyed man in charge of the land of the blind. This should be fun to watch. As a successful political pundit and Las Vegas oddsmaker, I give it 3 years before boxing is completely destroyed for good.

Three words come to mind- God help boxing.

Wayne Allyn Root is a Capitalist Evangelist and serial entrepreneur. He is a former Libertarian vice presidential nominee. He now serves as Chairman of the Libertarian National Campaign 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

How Romney Can Beat Obama and Win the Presidency- this Week

As published at TownHall.com

By Wayne Allyn Root

Obama is perhaps the most divisive President in modern U.S. history. The country is in severe economic crisis — history books will someday call this the Obama Great Depression. Yet our President doesn’t see fit to deal with the economy in general. He doesn’t make big announcements to save Americans in general. He doesn’t have a plan to create jobs for all Americans. Because for Obama it isn’t about America…or the economy…or jobs. It’s all about cold, hard, heartless politics.

Obama sees politics as divided by race. Everything he does is about division. Obama divides rich vs. poor (with his Buffett bill and proposed massive tax hikes on the rich), black vs. white (with his Trayvon comments), gay vs. straight (with his gay marriage announcement), women vs. men (with his demand that women receive free contraception from private insurers). And Obama’s newest “minority of the month announcement” was Friday’s policy aimed at illegal immigrants, particularly young Latinos.

Undocumented young immigrants will no longer face deportation under Obama. This cynical ploy comes only days before both Obama and Romney will be addressing one of the most important and high profile Latino organizations in the country — the National Association of Latino Elected and Appointed Officials conference in Orlando.
To Obama this isn’t about saving the U.S. economy or restoring America’s place as the greatest nation in the world. It’s about pure cynical politics. It’s about doing anything, saying anything, offering any bribe in order to be re-elected. He desperately needs the next four years to finish what he started — the destruction of capitalism, the demonization of the wealthy, the capitulation of the private sector.

But two can play at this game. In the interest of full disclosure, I am the Chairman of the Libertarian National Campaign Committee. This isn’t an endorsement. I am making a recommendation as a political pundit, analyst, and strategist only. With that revelation out of the way, here is my unsolicited advice to Mr. Romney for how you put the election away…this week. If Presidential politics is a chess game, then it’s time to checkmate Obama. And the perfect place to do that is in Orlando at the National Association of Latino Elected and Appointed Officials conference.

Obama believes he has “checked” Romney with Latino voters with his latest announcement. He will walk on the stage in Orlando to a thunderous hero’s welcome. He will discuss how Latino youth brought illegally to this country, through no fault of their own, will no longer have to lie awake at night fearing deportation to a strange country they no longer recognize. And he we will receive a standing ovation.

Mitt Romney must walk onto that same stage and upstage Obama. This is the place and time for the announcement of the year. Mitt Romney coolly steps up to the microphone and says, “It’s time for a Latino to join a Presidential ticket. It’s time for the fastest growing group in America to have a seat at the table of power. To have a voice in the White House. Today…right here…right now…I’m going to change the game…forever. Today you get your seat at the table. Today we change American politics…forever. Ladies and gentleman, allow me to introduce my Vice Presidential running mate United States Senator Marco Rubio.” Marco walks out to embrace Mitt Romney while the crowd stands, screams, and cheers! Tears stream down cheeks.

CHECKMATE.

Obama’s announcement is instantly forgotten. It is an afterthought. The news media changes the headlines for tomorrow’s papers. It’s no longer about Obama’s love affair with the Latino community. It’s no longer about adulation for Obama’s new immigration policy. The headlines tonight on the evening news…tomorrow in the newspapers…for weeks on the Internet…are about Romney picking the first Latino Vice Presidential running mate in history.

Obama is out of the news. Obama has been upstaged in front of one of his most important groups of supporters. No matter what Obama says that day…or any other day to Latinos…Marco Rubio is the elephant in the room of U.S. politics.

Obama is fast losing his grip on the Presidency and he knows it. Obama’s lead is slipping with Latinos, blacks, Jews, women — as the Obama economy worsens and the jobs picture darkens, every group in this country is losing faith in Obama. His announcement about immigration last week was out of desperation just to hold onto Latino votes. Obama is running scared. He is no longer fighting for new voters. He’s desperately trying to hold onto his most loyal voters. When you can’t even count on your home turf as an advantage, the game is slipping away.

Here are a few bonus points that come with Rubio’s selection as V.P. Romney is white bread with mayonnaise. He needs youth, razzle dazzle, energy, charisma, and enthusiasm. He needs color. Rubio adds all of that to the ticket. He changes the dynamic of the entire Presidential race. He shakes things up. He throws Obama a curve that he may never recover from. Although my prediction is that days later Obama would counter by dumping Biden and adding Hillary Clinton to the ticket. It’s his only move, after he is put in a corner and forced to answer Romney’s devastating chess move.

Romney has never been a favorite of the crucial Tea Party. The Tea Party just saved Wisconsin Governor Scott Walker. The Tea Party just defeated Indiana Senator Richard Lugar. The Tea Party is the energy of the GOP. Take the Tea Party out of the equation and Romney becomes Gerald Ford, Bob Dole, George H.W. Bush, and John McCain wrapped into one. Rubio changes all that. Rubio is a Tea Party favorite. He energizes the Tea Party. Rubio brings Tea Party voters to the polls in droves.

Finally Rubio locks down Florida. No scenario on earth allows the GOP to win the election without Florida. Rubio is the piece of the puzzle that hands Florida’s electoral votes to Romney. Having Rubio on the ticket also adds a minimum 5% to 10% more Latino votes nationwide — a boon in crucial states with big Latino populations like Nevada, Colorado, and New Mexico.

Obama made his chess move on Friday. Here is Romney’s chance to counter and end the game. CHECKMATE.

Wayne Allyn Root is a Capitalist Evangelist and serial entrepreneur. He is a former Libertarian vice presidential nominee. He now serves as Chairman of the Libertarian National Campaign 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

Has Obama Finally Found a Way to Create Jobs?

As Published at TheBlaze.com

By Wayne Allyn Root

Obama is the most anti-business President in U.S. history. The result of his policies has been economic collapse and carnage from coast to coast. As I stated in Time magazine two years ago, “Obama is the great jobs killer. He kills so many jobs, he should be at the top of the FBI’s Most Wanted List.” But even I didn’t realize back then, that the job killing rampage was just getting started.

The good news is that for the very first time, we now have hard evidence that a few jobs were actually created and “saved” by the Obama administration. Obama’s Commerce Secretary John Bryson had not one, but two potential hit and run accidents in California on Saturday. Yes, I said “hit and run.” He caused carnage all over Southern California’s roadways. No one is quite sure what caused this mess. It could have been “medical” (ie seizures), it could have been something else. We of course send our best wishes and prayers to his family.

But the mystery of what happened doesn’t mean we can’t celebrate the one good that came out of it! It took 3 ½ years of the Obama Presidency, but they finally found a surefire way to create jobs. The Commerce Secretary’s adventures in driving surely created a few jobs in the auto repair industry. And the ongoing investigation into Secretary Bryson’s potential “hit and run” certainly “saved” at least 1 or 2 police officer jobs. I’m not sure if he hit a street lamp or two, but if he did, you can add a “save” for a few city public works employees too. Break out the champagne, this is the biggest jobs bonanza of the entire Obama administration!

Soon Obama will add a special category for “jobs created by hit and runs.” And in this case, it’s a direct hit by a member of Obama’s cabinet. This is what you call “the personal touch.” If you can’t steer the economy towards a jobs recovery…grab the steering wheel yourself and make something happen. Whether this was a medical situation, or a “personal issue”…either way, I think the Obama administration has finally hit on something (excuse the pun). It’s like Alexander Graham Bell once said, “I haven’t failed, I just found 10,000 things that haven’t worked yet.” Well this could be Obama’s winner!

Up until Commerce Secretary Bryson went “the extra mile,” Obama’s only previous jobs achievement was “saving” GM and Chrysler, and saving the jobs of government employees. Let’s examine those two dubious achievements. Obama claims he single-handedly “saved” GM and Chrysler. But at what cost? I’m an entrepreneur and CEO. I remember over a decade ago, when I actually saved my company. We were out of money and couldn’t make payroll. I wrote a $100,000 check so my employees would get paid. The business improved and we survived another nine years. During that time my company pumped about $60,000,000 into the U.S. economy. All because I risked my life savings to save the company. That is how you save a business.

But Obama’s version is a bit different. He saved GM and Chrysler by losing over $16 billion (and counting) of taxpayer money. That’s the bare minimum loss. Is that a “save?” I think it’s a “spend.” I call it a big loss. When you ask government to spend $16 billion to “save” a company, how is that a save? You could save any business in the world if you misappropriate enough taxpayer money. But that’s not business, that’s welfare.

And does government have a right to spend taxpayer’s money to pick certain companies to save? Is it constitutional to save only the ones that give you the biggest campaign contributions? After you “save” it, is it legal to hand ownership to your union buddies, while fleecing the secured creditors? Is it legal to save a company that is going broke from over-priced union salaries and pensions, just so you can keep paying those pensions to your most loyal union supporters? Is that what taxpayer money is for?

Let’s compare that to a rich father and son in the same situation. The son over-spends and puts his company into heavy debt. It is days away from closing. So daddy steps in and hands the son $1 million to save the day. The son calls himself a hero and a “successful CEO.” But is that true? If your daddy gives you a million dollars to pay off your debts, do you deserve the credit for pulling out of a death spiral? That’s what Obama did. He spent and lost $16 billion of other people’s money- the American taxpayer- to “save” his pet project. Now he takes credit for saving or creating jobs? Hardly.

And as far as the claim that Obama has saved government employee jobs…well that’s not something to brag about. Once again he has “saved” jobs by stealing from Peter to pay Paul. It requires billions of dollars “redistributed” from the private sector to create or save government jobs. Those jobs don’t make us a dime. But they sure do cost a pretty penny. Every new government job…every new IRS agent…every new bureaucrat…comes with a fat over-priced salary…a $100,000 pension for 30 or more years (after retiring at age 45 or 50)…and free healthcare for life. All paid by you and me.

We’re all for cops and firefighters. But if your city needs 100, you should hire 100. But Obama thinks you hire 500 government employees for a city that needs 100. Replicate that across the country and you have millions of new bills, new spending, new pensions, new debt, new mouths to feed. All provided at taxpayer expense. And you wonder why we’re broke?

When GM or GE needs 100 new employees, they hire 80 and ask each one to do more. They all get market-based salaries and their jobs are not guaranteed for life. There are no pensions (other than what you save for yourself). That’s how you run a business.

But how would Obama and his socialist cabal know that. None of them has ever run a business. They’re too busy handing out OPM- Other People’s Money.

So things aren’t working out so well. The economy is in free fall. Up until now the only industry benefiting from Obama’s economy is printers. They’ve benefitted from record demand for “Going Out of Business” signs. But now Obama has seen the light at the end of the tunnel. Here is his chance “to spread the wealth around.” Desperate measures call for desperate times. Obama has asked his entire cabinet to get inspired by Secretary Bryson. “Let’s all think about out-of-the-box ways to make this economy hum. Bryson’s onto something here. Can we arrange for a 100-car pile up on Interstate 5?”

Wayne Allyn Root is a Capitalist Evangelist and serial entrepreneur. He is a former Libertarian vice presidential nominee. He now serves as Chairman of the Libertarian National Campaign 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

The Day Union Dominance Died

By Wayne Allyn Root

The tidal wave started last night. It’s a new day in America. The dominance of public employee unions was broken for the first time. Not just in any states. But in the 2 most liberal pro-union states possible. The common sense crowd will be emboldened. This grass roots fire has just started. It will now spread from coast to coast. Huge victories in liberal Wisconsin and The Peoples Republic of California are the canary in the coal mine. The days of dominance for public employee unions just peaked. They will never see a stronger day than yesterday, ever again. It’s a long downhill slide from here.

In Wisconsin, Governor Scott Walker won easily and big in a state filled with not only union members, but union history. Wisconsin was the first state to ever grant public employees the right to collective bargaining. That was the single biggest mistake in U.S. economic history. Wisconsin is filled with cheese-eating bleeding-heart white liberals (in Madison), far too many government employees and their many relatives, a big percentage of black voters (in Milwaukee), and all the other usual Democratic suspects. It has been a true blue Democrat state for decades. And yet even in liberal unwinnable Wisconsin, conservative fiscal policy made the breakthrough the nation has been waiting for. Score one for sanity. Governor Walker- in that environment (and you know with rampant voter fraud perpetrated by the unions) won easily. EASILY. Just as I had boldly predicted in media appearances across the country.

California may be an even bigger sign. California is the land of sun fried brains, tofu-eating liberals, illegal immigrants in every pot, and the most powerful government employee unions in the nation. Yet even in deep blue California, public employee unions lost in a landslide on Tuesday. In San Jose the nation’s 10th largest city, voters gave a 66-34 landslide to public employee pension reform. It wasn’t even close. In San Diego- the nation’s 8th largest city- it was an even bigger sweep. The voters handed a monstrous 70-30 victory to public employee pension reform.

The tide has turned. And it’s going to turn into a tsunami. The middle class voters have had enough of one privileged class of government employees getting unheard of job security (jobs for life unless you are a convicted axe murderer or child rapist- and then you still many keep your pension)…bloated salaries far above the average private sector worker…obscene and insane pensions…unheard of benefits (free healthcare for life)…and the ability to retire at age 45 to 50. There are no jobs like that in the entire private sector. It is wrong. It is unfair. It is insanity squared. And it is bankrupting America and all 50 of our states. Just as this same system of too many people working for government, being paid too much, able to retire too soon, and then paid obscene pensions for life (for not working for 30 to 40 years) has brought the entire EU financial system to its knees. Greece, Spain, Portugal, Italy and Ireland are all the perfect model for how not to run a country and an economy if you want to survive.

How did I know Governor Walker would win easily and big? As one of the most successful oddsmakers and prognosticators in Las Vegas history, I’ve made many uncanny political and economic predictions over the past decade. All based on gut instincts and common sense. All based on speaking to my many friends and fans and using their comments and opinions as a barometer for the nation.

At one point in time I was alone in the wilderness screaming about the dangers of public employees, their pensions, their unions, their outrageous, selfish demands and how all of it would bankrupt the country. But I’m alone no more. In the past few weeks virtually everyone I spoke to in the private sector could be best described as outraged and steaming mad at public employees. The honeymoon is over for unions and collective bargaining. The people have awakened from their long slumber and they realize they’ve been ripped off. They realize their children and grandchildren will live a much lower quality of life to pay for the pensions of government employees who haven’t worked in 20, 30 or 40 years. Everyone is stuck with this bill for generations to come.

For Obama and his toxic gang of unions, lawyers, the public employee mobs, environmentalist radical wackos, and the mentally ill (Harry Reid, Nancy Pelosi) the gravy train is coming to an end. It’s a new day in America.

Perhaps…just maybe…we can still save this country from a fate worse than death…becoming Europe.

Wayne Allyn Root is a Capitalist Evangelist and serial entrepreneur. He is a former Libertarian vice presidential nominee. He now serves as Chairman of the Libertarian National Campaign 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 Wisconsin Governor Scott Walker Will Win Big on Tuesday

As seen last week at TownHall.com and FoxNews.com:

By Wayne Allyn Root

Unions will lose big and GOP Governor Scott Walker will win big this Tuesday in Wisconsin. Here’s why.

Government employee unions are a real threat to national security, far worse than the unproven fraud called global warming. Government employee pensions threaten our children’s future. They will destroy the American Dream and wipe away our quality of life. America is doomed to follow Europe off the cliff, if we don’t dramatically reform public pensions…today.

Here in my hometown of Las Vegas, we have some of the most clueless, delusional union members in the country. A recent Letter to the Editor to the Las Vegas Review Journal sums up the reason why unions will lose big on Tuesday in Wisconsin. The letter writer decided to comment on all the letters attacking unions in recent days- including complaints about their bloated salaries and obscene pensions.

This letter, from a Las Vegas Teachers Union member, hits a new level for clueless and delusional. Let me paraphrase. He said, “For those who don’t understand why we are making so much more money than you – it’s simple. We’re unionized and you’re not. Those of us that work for government make so much more than you because we were smart enough to join unions. Only 6% of you in the private sector belong to unions. You’re all fools. Instead of attacking us for our bloated salaries and insanely high pensions…you should be joining a union and getting the same bloated salaries and insanely high pensions. So stop trying to tear us down. Instead, get the same deal for yourselves.”

You want to know why private sector taxpayers are angry? Why we won’t take it anymore? Why Governor Walker will win big on Tuesday? This letter is Exhibit A. This one teacher’s union member showed why unions are a disaster for the economy, taxpayers, and the America we love. He just killed the goose that laid the golden egg. Say goodbye to that pampered privileged class life you’ve been living, by sucking off the rest of us like a leech. As Donald Trump would say,“You’re fired.”

Can you imagine being this delusional, ignorant, and clueless? Even if you think this way (and I have to believe many government union employees do), to say it publicly makes you a moron. A moron who believes that money grows on trees, there are endless trees, and pigs fly. But pigs also go to slaughter.

The cold, hard truth is that America is bankrupt, broke, and insolvent. Just like Greece, Spain, Italy, Portugal, Ireland, Belgium, France…and soon add UK to the list. Europe is facing an economic Armageddon that will go down in history as “the Big One.” Why? Because they have too many government employees, let them retire too early, give them bloated pensions for more years than the employee actually worked, and of course they all get free healthcare for life. Unions killed the EU. It’s all over for them. The question is can America still be saved?

In Las Vegas as firefighters reach retirement they are making just under $200,000 per year. In Orange County, California lifeguards are making over $200,000. Bart employees in San Francisco average over $100,000. Education administrators throughout the state of California are retiring on over $200,000 per year. In NY the Port Authority cops average $100,000. Toll takers are retiring on six figure pensions. In Illinois, there are dozens of retired government employees and union bosses sucking $400,000 per year from taxpayers. In Wisconsin the bus drivers are making $100,000. It’s happening all over the country: “Government Gone Wild.”

Stop worrying about a few CEO’s, Wall Street titans, and bankers who receive $100 million compensation packages. First, those high fliers are few and far between. Second, you’re being purposely distracted by the union bosses and their friends in the liberal media. Those CEO’s are in the private sector. What they make doesn’t cost you one cent. Taxpayers don’t pay for private sector salaries. Their compensation is a problem only for shareholders, not you. But the bill for 21 million government employees, many making $100,000 (or far more) in retirement, adds up to far more than a few $100 million CEO’s. And the bill goes directly to you- the taxpayer and onto the backs of our children and grandchildren.

The unfunded liability for federal employees is now over $5 trillion. Unfunded Postal Service pensions are $2 trillion. It’s almost as bad at the State and local level with unfunded liability of $2 to $3 trillion. One state- California- has an unfunded liability of at least half a trillion dollars (and growing). It’s all madness. It’s unthinkable. It is so big it will drown us all. In case you don’t know what I’m talking about, an unfunded liability is something politicians promised to retiring government employees, but with no money set aside to pay it.

A typical government employee receiving $100,000 per year, retiring at age 50 has, for all intents and purposes, been promised around $4 million dollars if he lives to 90. That’s before cost of living increases and, of course, free healthcare. Add it up. One employee is getting somewhere around $6 million as a golden parachute. One educator. One fireman. One toll taker. One lifeguard. How many of you taxpayers have a $6 Million retirement fund?

Are you angry yet? When clowns like the Vegas teacher, who wrote that letter to the editor, start telling us that money grows on trees and pigs fly, you’d better get mad…very mad…and let them know your hard earned taxpayer dollars did not grow on trees…and that it doesn’t ever end well for pigs.

Now you know why Scott Walker will win big in Wisconsin on Tuesday.