The professional politicians, their casino capitalist cronies and the media/academic alliance that justifies and promotes their seizure of power have triumphed. The America we have known, the one we grew up in has been replaced by Saul Alinsky’s America and no matter how many times we click our heels and say, “I want to go home,” you just can’t get there from here.

It is widely known that Americans are spending themselves into debt slavery. For example, Bloomberg business reported last September that consumer debt was at an all time high of $3.2 trillion with credit cards and auto loans leading the pack. “Spending on repairs and net used cars has barely budged… But the fact that spending seems to be coming at the expense of more debt suggests Americans are putting themselves in a riskier financial position… an increasing share of that debt finances consumption that only declines in value.

In our new Omerica, I think I’ll join the winning side and try spending more than I make every day for the rest of my life and see how that works out. If I can just manage to get to where I owe so much that I’m too big to fail, I can start really living large on federal handouts, excuse me bailouts, excuse me stimulus.

From Prager University and Arthur Brooks of the American Enterprise Institute, some good information to dispel five myths about capitalism and the free market. With the proliferation of Marxism from the Left, this is information you as a freedom advocate can use. Sadly, you’ll have to educate a lot of “Republicans” about these basic truths, too, since the “Republican” establishment has gone all-in (at least semi-covertly) for the embrace of anti-free market poison.

Congressional Republicans claim fast-track trade authority for the president “would empower Congress to set our negotiating objectives and hold the administration accountable.” In reality, by passing fast track trade authority, members were ceding much of their legislative powers to Obama — something even Senate Majority Leader Mitch McConnell (R-Ky.), a supporter of fast track, has conceded is “an enormous grant of power.” Why would Congress do that?

The factors that produce better economies have been discovered and re-discovered multiple times throughout history. Planned and controlled economies cannot allocate resources efficiently. A centralized planner cannot know and respond to all of the signals as quickly as when the problem is crowd-sourced via the free market.

The U.S. economy is surviving…despite President Obama’s best efforts. The U.S. economy took a massive hit in 2008, thanks to the efforts of Barack Obama and his fellow liberals. The economy has continued to struggle under the weight of ObamaCare, as well as a trillion dollars in wasted “stimulus” spending, over a trillion dollars in regulator burdens, and a war on energy.

The real poverty of typical families is found neither in their low income nor in costly essential expenses but rather in not understanding their own cash flow. Regardless of income level, overspending causes poverty. Saving and budgeting produces wealth.

As the Daily Signal and the Wall Street Journal remind us, while Marxists didn’t manage to secure a federal minimum wage increase last year, nearly half the states embraced Marxism on their own. As of midnight, 19 states have forced businesses to pay more for labor, regardless of whether that labor is actually worth more to the employer.

Congratulations, Barack Obama! You’ve fundamentally transformed the United States from being the #1 economy in the world for well over 100 years, into now sliding back into the #2 slot. What a remarkable milestone…on your way to taking this nation down a few pegs more and making it into just another mediocre socialist pit.