Tech billionaire: Political establishment uses manufactured social wars to distract from economic collapse


Peter Thiel, founder co-founder of the tech giant PayPal, told an audience at the Republican National Convention that establishment politicians from both political parties are using the smoke and mirrors of social issues to distract Americans from government’s massive economic failures.

Despite pockets of economic prosperity and American success stories like Thiel’s rise to the top in Silicon Valley, Americans across the country are facing the worst wage stagnation they’ve seen in decades while cost of living continues to increase exponentially.

Thiel contends that Washington insiders like Hillary Clinton have for too long been isolated from such harsh economic realities and, therefore, are only capable of making matters worse.

“Americans get paid less today than ten years ago. But healthcare and college tuition cost more every year. Meanwhile Wall Street bankers inflate bubbles in everything from government bonds to Hillary Clinton’s speaking fees. Our economy is broken,” he said.

Instead of looking to Washington for answers, the tech billionaire said the path to renewed prosperity lies in the wisdom of Main Street American workers and business owners throughout the country.

Unfortunately, Thiel noted, government has successfully distracted many of those same Americans with fake culture wars that hamper real discussions about the best ways to get the economy back on track.

The Silicon Valley businessman, who is gay, contends that it is past time to set aside social differences overblown by politicians and members of the media so that Americans can more clearly see who is responsible for the nation’s economic decline.

“When I was a kid, the great debate was about how to defeat the Soviet Union. And we won,” Thiel said. “Now we are told that the great debate is about who gets to use which bathroom. This is a distraction from our real problems. Who cares?”

The businessman added that Republicans should be open to different viewpoints within their party if they want to win in November.

“Of course, every American has a unique identity. I am proud to be gay. I am proud to be a Republican. But most of all I am proud to be an American,” he said. “I don’t pretend to agree with every plank in our party’s platform; but fake culture wars only distract us from our economic decline, and nobody in this race is being honest about it except Donald Trump.”

If Americans begin ignoring ridiculous arguments over culture wars and military dog-wagging, Thiel predicts that Americans will begin seeing the reality of big government’s biggest failures in recent years.

“Our nuclear bases still use floppy disks. Our newest fighter jets can’t even fly in the rain. And it would be kind to say the government’s software works poorly, because much of the time it doesn’t even work at all,” he said. “That is a staggering decline for the country that completed the Manhattan project. We don’t accept such incompetence in Silicon Valley, and we must not accept it from our government.”


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