Steve Sailer Says: Help VDARE.COM (and Me) Celebrate the New Year!
By Steve Sailer
We at VDARE.COM will have one reason to celebrate come January 20, 2009. George W. Bush will be gone, and we’ll still be here.
And with your help, we’ll be around when the new President is history. But only with your help …
As you’ll recall, George W. Bush was supposed to introduce a new, compassionate conservatism, taking Ronald Reagan’s American optimism to a new global level. While Reagan’s optimistic outlook focused on tapping his fellow Americans’ capacities, Bush’s greatest enthusiasm has been reserved for foreigners. His grand strategy of what we at VDARE.COM have called Invite the World - Invade the World - In Hock to the World placed his trust in Mexican illegal immigrants, Iraqi voters, and Chinese factory workers and bankers.
The Bush Bubble was phony, of course. It proved to be a variant of an earlier version of “compassionate” governance seen in Latin American countries like Argentina in the post-War world.
It’s important to understand that Latin American inflationary economics, like Bushian compassionate conservatism, wasn’t intended to wreak devastation -- it just evolved as an attempt to keep everybody happy.
From the days of Juan Peron onward, the workers of Buenos Aires would complain to the government that they weren’t being paid enough, so El Presidente would order their bosses to pay them more. Then the factory owners would complain to the government that they were going bankrupt, so the government would order the commercial banks to lend the factories more money. Then the banks would complain that they were about to go broke, so the government would tell the Central Bank to lend the commercial banks more money. When the Central Bank complained that they were running out of reserves, they would be told to print more some more money, lots and lots more money.
America’s leaders, Republican and Democrat, looked at the Latin American defaults of the 1980s and took from them this lesson:
Never let workers get paid more.
That way, you can’t start down the Latin American path to ruin. All the experts, such as Alan Greenspan and Robert Rubin, were agreed that the essential ingredient of economic success was keeping the average American from earning more money. Keep the supply of labor up -- and the price of labor down -- by not enforcing the laws against illegal immigration.
In other words, the key to avoiding the Hispanicization of the economy was to Hispanicize the population! (Of course, nobody ever quite put it in those words …)
Yet, Bush was not a cruel man, nor even a tough man. Like a lot of seemingly formidable Latin American generalissimos, he just wanted everybody to be happy.
In George W. Bush’s America, flat wages didn’t mean workers couldn’t have bigger houses, bigger TVs, and bigger rims on their rides. They could have it all … just by taking out bigger debts.
What could possibly go wrong?
Indeed, to Bush, one of the biggest problems facing the country was that the financial system was holding minorities back from their fair share of the American Dream by not lending them enough money. Bush egged the Bush Bubble on, denouncing traditional down payments on mortgages as the chief barrier to his goal of greatly increasing the number of minority homeowners. Mortgage dollars for home purchases leant to Hispanics soared a staggering 691 percent from 1999 to 2006.
Unlike the Bush family’s amigos in the old Mexican ruling party, however, George W. Bush wasn’t even competent enough to delay the economic collapse until after the election.
The Bush years ended in economic and political ruin, with the financial system more or less nationalized, and an incoming liberal Democratic President given almost carte blanche to hand out to his supporters however many hundreds of billions or even trillions he chooses.
While I wouldn’t be surprised if some of Obama’s “stimulus spending” goes to prop up big newspapers (after all, they gave him such lax scrutiny during the endless election), we can be sure that VDARE.COM won’t be getting any Obama Dollars.
To continue to provide you with the analyses and reporting that you literally cannot read anywhere else, we need your support.
When you realize how bad a job the MainStream Media did of exposing George W. Bush’s fundamental mistakes, just imagine what pushovers they will be for Barack Obama!
We certainly understand that it’s harder to give this year than last.
But if we are going to continue to expose how the world really works, your financial help is needed now more than ever.
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