Change is Coming: Great Depression 2.0 May Be On Its Way

Given the enthusiasm for reactionary economics in the ranks of the victors on Election Day, it seems highly likely that they will repeat the same policy mistakes of the Hoover-FDR era. The recession we now appear to be in could, with a coordinated Big Government approach to policy, be fairly easily parlayed into a full-blown depression.

The incoming powers-that-be want to massively increase government spending well beyond the excesses of our current pretend-conservative president, repudiate free trade, raise tax rates, and give tax “refunds” to people who don’t have incomes.

Economics is only one realm where they wish to augment governmental power. The incoming regime wants to curtail the First Amendment rights of broadcasters and anyone who dares to criticize ACORN, crack down on the Second Amendment rights of everyone, abolish the secret ballot in union-certification drives, and create an authoritarian-sounding Civilian National Security Force.

America appears poised to get change — good and hard.

Matthew Vadum

The author of Subversion Inc.: How Obama’s ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers (WND Books, 2011), Vadum, former senior vice president at CRC, writes and speaks widely…
+ More by Matthew Vadum

Support Capital Research Center's award-winning journalism

Donate today to assist in promoting the principles of individual liberty in America.

Read Next