Morning Joe 7/26/2011 -- the Tea Party wins?

On Morning Joe the consensus was that the Tea Party is getting its way, that Obama has caved. Not really. When you have Tina Brown, Harold Ford and Dick Durbin giving the analysis, it will be skewed. Pat Buchanan stated that Obama's speech last night was stuck on taxes when that issue has been resolved -- there will be no taxes. This is what the Morning Joe crew based their conclusions on -- no taxes -- the Tea Party wins because there will be no tax hikes.

 The Tea Party has lost and the American people have lost -- statism has won. Medicare, SS and Medicaid are safe -- there will be no caps on spending -- there will be no meaningful cuts -- there will be no vote on a balanced budget amendment -- the debt ceiling will be raised. Yet, the Morning Joe crew says the Tea Party wins. Incredible.

How do these people maintain jobs as political analysts? They either have no understanding of the issues at play, or they're playing dumb, hoping the public will believe that the Tea Party won and that Obama is acting like a squishy moderate. Oh, the independents love the squishy moderate. Good grief!

Charles Blow came on with Pew Research findings that there is a great gap in wealth creation between whites and blacks/hispanics. In order to make sense of these findings, you'd have to determine if the average black is taught to save and create wealth at an early age. The welfare state has misled many blacks into community organizing and government employment rather the market as entrepreneurs. Blacks and hispanics should be fighting for a free market with greater opportunity to start small businesses and succeed. Creating wealth has a lot to do with early planning and development of good credit. It's an individual effort, not a collective effort. So based on this, we need much more information if we hope get to the truth and to make the information useful. Make the market more open and fair by removing government from the economy, then if individual black families establish the mindset of wealth creation, these could go a long way to start a reversal of the trend. Creating wealth entails a lot of hard work and sacrifice, investing in possibilities with risk -- you can't create wealth through government -- it has to come through the market -- producing something of worth. If the statist system is blocking blacks from succeeding the market, and I think it is, then we need to remove these obstacles -- then it's an individual pursuit, if that's what a person wants. I never talk down to blacks or hispanics -- it's disrespectful, plus I don't have the standing. I've seen ambitious blacks and hispanics create enormous wealth -- it can be done.