As I continue to shadow former governor Mike Huckabee on his journey to absorb the wisdom of John Paul II, Margaret Thatcher, and Ronald Reagan… yesterday, we made a stop in London.
During this visit, I could feel Margaret Thatcher’s presence. It was as if her ghost were guiding us and enlightening us along the way. And if the Halls of Parliament and famous Westminster Abbey could talk, they’d echo some words of wisdom…
Words so profound that they could turn the direction of America’s economy completely around, erasing all of the mistakes in this Obama era.
Last night, our speaker, Liam Fox, a current Member of Parliament (and former British Secretary for Defense), began by describing himself as an unreconstructed Thatcherite.
Mrs. Thatcher came to power almost by accident. She was never a favorite of her fellow Tories. But in the late ‘70s, Britain’s economy was sick. The trade unions were choking productivity, taxes were high, and government services were failing.
When Mrs. Thatcher took the reins at Number 10 Downing Street, everyone expected her to fail.
Instead of taking a modest approach, she made major changes to policy. She dramatically cut the size of government – eliminating entire levels of the stifling bureaucracy.
High taxes were no longer an issue. She tackled that problem by slashing them. And as she cut tax revenue, she cut spending equally.
Shortly following Thatcher’s ingenious decisions, the creative spirit of the British people came alive under the freedom. Britain began to see economic growth. Entire industries, which had been nationalized by the socialist labor governments, were returned to the private sector.
British Telecom (BT) was privatized. British Gas was also returned to the private sector. Even venerable Rolls Royce has become a ward of the state and had to be privatized.
Probably one of Thatcher’s greatest feats was the dramatic reduction in borrowing requirements by the British government. Having her in office gave the economy a serious jump.
Will Obama Grab the Rope?
The experience of Margaret Thatcher’s United Kingdom gives us hope for our own United States. Obama has radically changed America. He’s dramatically grown the deficit, as well as government involvement in our affairs. But Thatcher shows that programs can be cut. Big government doesn’t always have to stay that way…
Together with a renewed economy came a renewed spirit of enterprise and hope for the future in Britain. The sluggish economy was defeated, and dynamic growth resumed.
At the end of his speech, Liam Fox made it plain: Those of us who believe in individual liberty, freedom of enterprise, and the rule of law must stick together. Britain and America must always have a special bond.
He warned that Obama’s greatest mistake was believing that opponents of these ideas would listen to reason. Obama is wrong. The jihadists and Islamists who he thought he could contain with words of peace have only been emboldened by his appeasement.
Mr. Fox’s warning was nearly dire as he made his final point. “The deficits you are currently running are unsustainable, and they are a national security concern. America needs to understand that the enemies of freedom want to see the day when debt problems eat your resources to the point that you can no longer defend yourself.”
And his words to Governor Huckabee were clear. America needs a president who will put the fiscal house in order, so that America can continue its role as a defender of the values of freedom.
Mrs. Thatcher’s experience shows that a socialist economy can be renewed with a commitment to restoring free enterprise. Even the Obama stagnation and economic decline can be reversed.
Your eyes on the Hill,