The GOP convention: Is this the eve of capitalism's comeback? (VIDEO)

Are we on the eve of capitalism's comeback or its demise? The campaign to save capitalism has begun. Photo: Associated Press

CHICAGO, August 29, 2012 ― On Thursday night, Mitt Romney will deliver a nationally televised speech before the Republican National Convention. He will make the case or not about why he - a successful CEO and former governor - would be a better President, at this specific time in history, than President Obama has proven thus far to be. 

What Romney and running mate Paul Ryan have come to symbolize is critical: Will America remain a capitalist country, or will it continue down the bleak path exhumed by European socialism?

There is only one way Obama can win re-election: He must make the final case against capitalism.

Obama can no longer make the case for an expansive, more activist government as he did in 2009.

“Only government can break the vicious cycles that are crippling our economy,” President-elect Obama said at the time.  

The country has already seen the impact of the Obama Administration’s redistributive wealth policies, i.e., 42 consecutive months of 8-plus percent unemployment and U.S. debt topping more than $15 trillion. 

Blame Fed Chairman Ben Bernanke. Blame John Maynard Keynes. Blame the President’s Marxist professor at Occidental.

But the economic policies of one Barack Hussein Obama ― Big Government’s champion ­― have been a complete and abysmal failure.

With the failure of the result comes the failure of the idea and the underlying ideology that supports that idea.

And therein lies the opportunity for capitalism’s comeback.

But no product sells itself – not completely. In the 1980s, Calvin Klein had to enlist the help of a savvy fifteen-year-old teenager named Brooke Shields to hawk its wares.

Great ideas – like capitalism - don’t just sell themselves either.

In his essay, “Why Capitalism Has an Image Problem,” Charles Murray explains the capitalist cloud hanging over Romney’s normally impressive record at Bain Capital and his presidential bid. 

“‘Capitalist’ has become an accusation. The creative destruction that is at the heart of a growing economy is now seen as evil,” Murray wrote.

So how do we reverse the trend? How do we market capitalism to this generation – a generation that has been throttled and conned into believing in its moral repugnance?

To date, the efforts to tell capitalism’s story have been organic ones. Small businessmen and CEOs of major corporations have spoken out about on their own struggles, failures, and achievements. 

Other efforts to tell capitalism’s story have been more targetted, including our effort at 

But will that be enough?

That is the big question for Mitt Romney, Paul Ryan, and attendees to the Republican National Convention this week.

We will know the answer in November. 

Conservative commentator William J. Kelly is the Chairman of, which recently launched a national advertising campaign to promote capitalism. He is also a contributor to and edits the Tea Party Reports for the Washington Times Communities. He is a native from Chicago’s Southside.

Email questions to him at

Find him on Facebook/Williamjpkelly

Read more of Bill Kelly’s Truth Squad in The Communities at the Washington Times

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William Kelly


Conservative commentator, satirist, and radio talk show host William J. Kelly pens the “Kelly Truth Squad” and “The Tea Party Report” for the Washington Times Communities and is a contributor to the American Spectator and Kelly is also a producer of Emmy award-winning TV and received an Emmy nomination himself for outstanding achievement on-camera. He was previously the Executive Director of the National Taxpayers United of Illinois, a taxpayer watchdog group. He is a native of Chicago’s South side. For more information, visit

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