As I as an individual stagger from day to day attempting to fathom what is happening to my country and my future, I do a lot of reading. Much of that reading has been consumed of late, with facts and figures best left to those with the degrees in accounting, but I feel compelled to at least try and figure out what is going on with the economy and my future as a result of it. Seeing as how it is affecting me so directly and so dramatically.
This morning I found this piece.
Let me be very clear on the economics of President Obama’s State of the Union speech and his budget.
He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.
That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.
I saw these same sentiments being expressed over the past week by a number of economists and others being consulted by the media as to what the president is doing with the economy and the budget and why.
And the consensus of learned opinion seems to agree that President Barack Obama has launched an all out war against prosperity in America. And almost at every turn when those in the media can amass the testosterone to even ask the messianic one about his plans or policies? His immediate response and reply to them and us has been to direct our collective attention to the "who won the election?" retort.
And his most recent addition to that pat response, is to assert that he is only carrying out what he people voted for last November.
Study after study over the past several decades has shown how countries that spend more produce less, while nations that tax less produce more. Obama is doing it wrong on both counts.
Yes, study after study has always shown that strangling productivity with taxation is not the viable or survivable approach to preserving or growing any economy. Yet our gallant leader is pressing forward with a vengeance to insure that his socialist spending spree goes forward regardless of the immediate or long term consequences. Obama is literally seeking to completely erase the economic history of the past thirty years and he intends to do so by driving socialism and anti capitalism down the throats of every American. So don't kid yourself folks. There is no crying uncle in this high stakes game of socialist gamesmanship. He and his handlers will full court press their ideology just as far and just as fast as they can until we stop them.
Because they know just as all of their ilk knows, that once the people and the press figure out precisely what is going on? They will rise up against it. The problem is, we as a nation and the west as a whole, have been so thoroughly weakened by the crash of the sub prime lunacy that brought forth all this economic mess, that there is more than a significant doubt as to whether we as a nation or as a collective western economy can survive it period.
Yes ladies and gentlemen, this is a war of ideologies. And the people who are capable of recognizing that fact and the ultimate result of their inaction in the face of fervor propelled socialism had better get a grip and come together to put a halt to it soon. Real damn soon as a matter of fact. Or else we will find ourselves as the Romans once found themselves.
I once heard Andrew Young address a conference of "black" mayors in America and he made this statement: "If we are not careful, we will find ourselves in control of powerless cities."
I would ask Americans now....look around and see just how many cities where that prophecy has come to pass. Then look around at the states that have and are succumbing to the same realities of socialist folly. Then have a look at the crystal ball future for America under a hell bent four year presidency of Barack Obama. Personally? I don't believe the man can hope for a second term. By the time he has had two years in office at this rate of cataclysmic idiocy, he will have so thoroughly destroyed the economy of this country? That we in all probability will be either in the midst of or well down the road to chaos and revolution in the streets.
And if we are not, will we be at war with each other as a nation? As we once were? Or will we be at war globally with those who are seeking to feed from the carrion of the slaughtered fattened calf that once was America.
Read the rest of the article here.
http://www.cnbc.com/id/29434104
It tells the tale that many said would be the case months ago if this false prophet was elected. Back when no one was listening. Well they certainly seem to be listening now.
Noteworthy up here on Wall Street, a great many Obama supporters — especially hedge-fund types who voted for “change” — are becoming disillusioned with the performances of Obama and Treasury man Geithner.
There is a growing sense of buyer’s remorse.
Well then, do conservatives dare say: We told you so?
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