Honorable Pat Fallon
U.S. Representative, Texas CD-4
Rockwall County Office
6531 Horizon Road, Suite A
Rockwall, Texas 75032
Subject: The Everything Bubble
The irrational ESG-based banking and investments will cause an economic crash affecting all sectors of our economy, according to the brilliant economists Stephanie Pomboy and Art Laffer.
Stephanie Pomboy, the founder of MacroMavens says, “What we are seeing … is not just the banking sector issue. The everything bubble has now burst. And that’s going to hit everything, everywhere, all at once.“
Inept money policies by the FED, open borders, a war for which Joe Biden does not want an end, excessive federal regulations, higher taxes, and unbridled spending that propels our national debt to astronomical heights have created a problem beyond comprehension. As Ronald Reagan said, “Government is not a solution to our problem government is the problem.”
Art Laffer counseled President Ronald Reagan to cut taxes and reduce regulation of businesses. President Donald Trump followed the same advice. Under both administrations, we prospered.
I was a South Texas Democrat until 1980 when I voted Republican for the first time. The majority of South Texans shared my values and today the majority of them are Republicans. Our values did not change. The Democratic Party changed. No longer is the Democratic Party led by Ralph Halls, Barbara Jordans and John F. Kennedys. Ronald Reagan and Ralph Hall, like me, were both Democrats who became Republicans. Ronald Reagan spoke for all of us, saying, “I didn’t leave the Democratic party, the Democratic Party left me.”
I encourage you to stand strong on your faith, your knowledge, and your convictions while also showing kindness to your Democrat fellow lawmakers. After the bubble of everything pops, there will be many who will leave the party of Marxism, formerly the Democratic Party, to become Republicans.
My parents were adults throughout the Great Depression. My family history and shared memory is only one generation from that difficult time. I say this to qualify my outlook on the bubble of everything. When — not if — the bubble of everything pops, unemployment numbers will be staggering, business failures will sweep the nation, inflation will overwhelm the nation, and criminal activity will come to resemble that of Mexico and Central America. I predicate my outlook on the destructive trajectory our nation is now on.
If we collectively want a different trajectory, we must collectively want major changes to federal government policies that are destroying our republic: open borders, globalism, ESG credit scoring, unbridled federal spending, the weaponization of our government against citizens, and unwise policies that point toward world war three.
Rockwall, Texas 75087