Economically-illiterate Obama cannot fathom many experts oppose deficit spending. Obama first declared he’d be the “New Reagan.” So it’s terribly sad Barack didn’t study Reagan’s economic plan. Reagan’s economic numbers were worse than Obama. Yet, Reagan’s plan succeeded spectacularly while Obama’s is a hideous failure. Reagan addressed this very issue of the shortsightedness of deficit spending in his inaugural address,
For decades we have piled deficit upon deficit, mortgaging our future and our children’s future for the temporary convenience of the present. To continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals.
You and I, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. Why, then, should we think that collectively, as a nation, we’re not bound by that same limitation? We must act today in order to preserve tomorrow.
The Stimulus Bill sums up every evil Obama instinct—a bait-&-switch scam (likewise obamacare) based upon lies, claiming: a) The economy would immediately collapse if not passed (fear-mongering); b) The bill was “Obama’s” (written by Pelosi); c) It was a “stimulus” bill, albeit, a years delayed pork project.
Economist Nial Ferguson asked, “How long can the U.S. go on borrowing on the scale it currently is—deficits on the order of 10 percent of GDP and more than $1 trillion year after year. Somebody in Washington needs to come up with a credible plan to put the U.S. back on road to fiscal stability.”
You know your “capitalist” deficit spending programs lacks when socialist China lectures you on need to repent. But even Bipolar Barack admits the same thing!
2. Tax Policy
A truly frightening scenario now awaits Americans in the coming months. Massive tax increase will batter us. IBD describes some of the coming tax increases,
As of midnight Dec. 31, 2010 the death tax returns—at a rate of 55% on estates of $1 million or more…The lowest bracket for the personal income tax, for instance, moves up 50%—to 15% from 10%. The next lowest bracket—25%—will rise to 28%, and the old 28% bracket will be 31%. At the higher end, the 33% bracket is pushed to 36% and the 35% bracket becomes 39.6%.
3. Obamacare
The horrific commandeering of the US healthcare system was done upon a fog of lies, many of which are slowly rising to the surface as the dust from the fight settles. One commentator noted Obamacare’s many untruths, saying:
Does President Obama have any idea what’s in his own health-care reform law?...he told MSNBC’s Chuck Todd that the law “not only makes sure everybody has access to coverage but is reducing costs.” Wrong on both counts. The bill doesn’t come close to giving “everybody” access to coverage. According to the Congressional Budget Office, 10 years from now there will still be at least 21 million uninsured Americans.
The writer goes on to list even more shocking statistics from Obamacare, which is itself a cancer on the US body politic:
Even further from reality is the president’s continued insistence the new law is “reducing costs.” In fact, the administration’s own chief health-care actuary reports the law will actually raise US health-care spending by $311 billion over 10 years…Accurately measured, the Patient Protection and Affordable Care Act will cost $2.7+ trillion over its first 10 years of full operation and add more than $352 billion to the national debt. This doesn’t even include more than $4.3 trillion in costs shifted to businesses, individuals and state governments.
4. Jobs
The state’s economic health depends upon employment. So why this so-called “jobless recovery”?
According to the Heritage Foundation, the $862 billion Stimulus Bill failed to create jobs. Obama’s jobs deficit is defined as “the difference between current employment and the jobs Obama promised to create by the end of 2010—which now stands at almost 7.4 million workers.”
Why have Obama’s policies failed to produce jobs? Heritage says,
Businesses invest…when they are confident enough to take risks in pursuit of opportunity…Many are holding back, however, due to concerns about the economy, while others are holding back due to concerns about the threatening policies from Washington, and others because existing tax and regulatory burdens are already excessive.
5. Long-term Economic Prospects
Obama’s own Congressional Budget Office released their yearly report, stating:
Today CBO released the Long-Term Budget Outlook. The federal budget is on an unsustainable path—meaning that federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds long-term fiscal projections, rising costs for health care and the aging of the U.S. population will cause federal spending to increase rapidly under any plausible scenario. Unless tax revenues increase just as rapidly, the rise in spending will produce growing budget deficits and accumulating debt. Large budget deficits would reduce national saving, leading to more borrowing from abroad and less domestic investment, which in turn would depress income growth in the United States.
The Washington Post wrote, “The federal budget deficit, which hit a record $1.4 trillion last year, will exceed that figure this year (2010) and again in 2011.” Obama has not merely failed, but his reckless spending as a supposed “antidote” to record deficits leaves the certainty that the US will financially collapse unless our profligate spending policies are widely trimmed.
IV. Certain Aspects of Leftist Theory
A. Barack’s Beliefs
Increasing numbers ask if Barack is a socialist, based on his many otherwise-inexplicable decisions. Intriguingly, a former college friend claims Barack was a Marxist in his university days. Dr. John C. Drew recalls Obama,
“He was arguing a straightforward Marxist-Leninist class-struggle point of view, which anticipated that there would be a revolution of the working class, led by revolutionaries, who would overthrow the capitalist system and institute a new socialist government that would redistribute the wealth,” says Drew, who says he himself was then a Marxist.
“The idea was basically that wealthy people were exploiting others,” Drew says. “That this was the secret of their wealth, that they weren’t paying others enough for their work, and they were using and taking advantage of other people. He was convinced that a revolution would take place, and it would be a good thing.”
B. Basic Marxism
From an article on Basic Marxist beliefs: “Marxism concerns wealth. God is dead, Darwin rules. The rich steal from the poor. Communist revolution will destroy capitalism, outlawing private property to establish paradise.” Notable in Marxism is the semi-biblical belief a cataclysmic economic war will occur in which socialism/communism will triumph over capitalism. So, does Barack believe Marxist “history”? Is he acting on this to remove capitalism to create heaven on earth through communism? If so, he might employ the Cloward-Piven strategy.
C. Cloward-Piven Strategy.
The website DiscovertheNetworks describes this idea: “The “Cloward-Piven Strategy” seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.”
Conclusion
Obama has an unmitigated duty to protect every American. If he didn’t want that, he should have never run for president. This obviously includes defending our financial state, among other things. Why should hard-working, honest Americans have an entire lifetime of careful savings poured down the drain because of the ridiculous policies of smug, ideologically-driven amateurs? Why should millions be jobless from the reckless machinations of political incompetents? Is there a reasonable explanation why states across America must repeatedly slash budgets because of the asinine acts of whacked-out DC leftists? Of course not. And we ought not stand for this treatment any longer.
America cannot survive Barack Obama’s suicidal fiscal policies. His wild spending has resulted in a horribly maimed economy, worse than it was before all the crazy policies. The current recession/depression is caused by his willfully disastrous ideas.
We are at crossroads. Obama still has 2.5 years left. Yet at the current rate of his despoiling policies, will we ever recover our former prominence? This isn’t just a question of individual prosperity, but one with massive implications for the world. For, as goes America, so goes the hope of freedom around the world. Many at-risk lives around the globe depend upon the good deeds of true patriots.
Fortunately, our wise Founders left us a method to deal with political rogues, saboteurs and hopeless incompetents. They gave us impeachment for arrogant politicians attempting to lay low America for diabolical purposes. Now, we must gird our loins and demand our representatives prepare for this drastic, but necessary procedure. For, there is no other way out of the savage wilderness of our forced Babylonian exile.
