Charles Payne

I guess coming into the week less than 5% of the electorate is “undecided” for next Tuesday so many today’s jobs number will influence their decision. I find it interesting how last minute voters break. It’s like seeing virtue in the guy that makes a last second shot in a professional basketball game after missing all night and his team still loses by a mile.


But that’s the way it goes and thus we are in for a nail-biter in just a few days. 100 hours of nail-biting over the election is nothing considering how gut-wrenching worry over the economy could be for the next several months or even years.

Abraham Lincoln Battle Formation (Google)


War on Success and the American Dream!

War, whoa, Lord
What is it good for?
Absolutely nothing
Edwin Starr

People who hate a physical war cheer a war on success and profits and upward mobility. Many are ready to dismantle the nation all out of a false notion of fairness.

If we choose to move closer to a socialist society then life will become harder for everyone although not initially. At first higher welfare and food stamp benefits will good and some would say “fair.” It might be cathartic for some to watch the so-called rich get their comeuppance but when the barometer for being rich dips to under $100,000 cheering will turn to howls.

It might see like the “right thing to do” taking money earned by American corporations aboard and giving it to people in this nation via infrastructure banks or other schemes. But at some point Americans will realize those funds are landing in pockets of unions and not masses.

To watch formerly great empires in Europe scramble for loans and bailouts and consider we are on the same path is frightening. People think they’re voting from the heart and that makes it okay. It’s easy to use our eyes and brains and know what’s smart and really fair if greatness is the goal. I cringe at the idea I’m a bad person for busting my ass for so long and now must be dealt with by confiscating my earnings.

And for what must modest to great success be greeted with resentment and confiscation? Gobs of money goes into the government funnel with sprinkles of crumbs out the other end for people that often will never be required to put any elbow grease into the program. Ironically the stuff we need to spend money on like a strong military is pooh-poohed as an antiquated notion or warmongering.

In the aftermath of Hurricane Sandy we saw national guardsmen in Hoboken New Jersey and three navy ships steaming toward New York. Once again underscoring the need for a strong military to police the world but also plan a role in domestic emergencies as well. In the new fairer world we’d have dwindling military capabilities. In fact President Obama’s sarcastic remark about not using bayonets and having ships that planes land on was a lost opportunity for Mitt Romney to pounce.

All faded empires got that way through fiscal mismanagement and neglecting military capabilities.

As for the notion we need fewer ships because we have aircraft carriers nothing could be further from the truth. The photo above is the formation for the Abraham Lincoln aircraft carrier. As it turns out that ship with planes makes the best argument for needed more ships in our navy. Typically carrier groups and most battleship groups require major escorts for protection. At minimum additional ships include:

2 Guide Missile Cruisers
2 Anti-Aircraft Warships
2 Anti-submarine Destroyers

Like they say in the song, what is war (of any sort) good for? Like they say in the game you sank my battleship and possibly our nation, too.


Charles Payne

Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks. He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors.