O’bambi Says Capitalism Has Never Worked
Really? Gee, I guess all those decades of America being the number one economy in the world is just a fluke. Who would have thunk it?
Obama attacks Republican economic theory: ‘It’s never worked’
By Anne E. Kornblut – Washington Post
President Obama, in one of his most expansive speeches to date, declared on Tuesday that supply-side economics is a failure and called “gaping inequality” across the country a moral shortcoming that is distorting American democracy.
Gaping inequality? Under ANY economic system there exists inequalities. However, a Capitalist, Free Market Society is the only system out there which affords ANYONE the opportunity to become successful based upon one’s own merits. I’ll take that any day of the week over Socialism which seeks to subjugate and rob the population while propping up the crooks in government.
Obama’s speech in Kansas was not just another attack on Congress, or a plea to pass his jobs bill. He did not roll out a new, snappy slogan – such as telling the audience that “we can’t wait” to enact new laws.
Instead, Obama delivered a searing indictment of Republican economic theory, setting the stage for the coming presidential campaign. Summoning the image of a populist Theodore Roosevelt — in the same town (Osawatomie) where Roosevelt delivered a famous speech on economic fairness in 1910 — Obama deployed the language of right and wrong, fairness and unfairness, in a lengthy address that aides said he largely wrote himself.
Yup, he’s channeling his inner Commie.
The theory of “trickle down economics,” which holds that greater wealth at the top generates jobs and income for the masses below, drew some of Obama’s harshest criticism.
“It’s a simple theory — one that speaks to our rugged individualism and healthy skepticism of too much government. It fits well on a bumper sticker. Here’s the problem: It doesn’t work,” Obama said of supply-side economics, drawing extended applause. “It’s never worked.”
He repeatedly conjured the image of a country that is becoming more divided by inequality. He linked the Tea Party to the Occupy Wall Street protesters, saying it is little wonder that the “breathtaking greed of a few” who caused the financial crisis has generated a “raging debate over the best way to restore growth and prosperity, balance and fairness.”
Puh-leeze! It’s fairly obvious that you won’t see any Tea Partiers crapping on the sidewalk!
Also, notice that Obama talks about “restoring” growth and prosperity. Obviously, you can’t restore that which never was; ergo, even Obama admits Capitalism does indeed work! This is a critical point to be made in that the Tea Party wishes to reduce government interference with Capitalism, while the Occu-poo movement wishes to further restrain it. These are two diametrically opposed points of view. A reduction of government interference equals a “restoration” of growth and prosperity, balance and fairness; an increase in government interference equals a continued decline in growth and prosperity, balance and fairness.
So, if Obama truly wants to “restore” the economy, he would unfetter and “restore” Capitalism. But, he really doesn’t want to do that. He just wants to implement socialism so that he can help push us into a neo-communist society; an “Ameritopia,” as it were.
“This isn’t just another political debate. This is the defining issue of our time,” he said. “This is a make or break moment for the middle class, and all those who are fighting to get into the middle class.
“At stake is whether this will be a country where working people can earn enough to raise a family, build a modest savings, own a home, and secure their retirement.”
Although the unemployment rate has been a constant shadow hanging over Obama’s presidency, the mechanics of job growth had only a small part in the speech, which dwelled as much on the need for infrastructure investments, better education and a tax code that Obama said “must reflect our values.”
In other words, that’s Commie-Speak for raising taxes to redistribute America’s wealth to more welfare recipients and to a few more of his union buddies.
And after many weeks of rolling out bite-sized initiatives, Obama’s grander ambitions were on full display.
He said it is “heartbreaking” that millions of working families are forced to take their children to food banks. “But the idea that those children might not have a chance to climb out of that situation and back into the middle class, no matter how hard they work?” he said. “That’s inexcusable. It’s wrong.”
Uh, hello? Capitalism! Capitalism not only affords one an opportunity to “climb out of that situation and back into the middle class,” but even allows one to become WEALTHY!!!
I don’t know about you, but once I climb out of a food bank situation, I DO NOT WANT TO BE STUCK IN THE MIDDLE CLASS FOREVER!!! I want the opportunity to become WEALTHY!!!
Obama’s economic plan for our future penalizes those who strive to become wealthy!
Now, THAT’S “inexcusable” and “wrong!”
The line drew some of the most rousing applause.
From a crowd of morons!
With so much attention devoted to the Republican primary contest in recent days, the Obama speech offered an opportunity for him to lay down a marker against any of the potential Republican nominees, especially Mitt Romney or Newt Gingrich.
For Gingrich, perhaps, there were special digs: Obama made two references to the child labor laws that were enacted at the beginning of the past century. The former House speaker has recently suggested that poor children could be put to work in certain circumstances, such as mopping the floors at schools.
In the early 20th century, Obama said, the country faced a “choice” whether to allow “even our children to work ungodly hours in conditions that were unsafe and unsanitary.” Roosevelt, Obama said a few moments later, fought to ensure companies could not profit “by exploiting children.”
And, forcing children to do “volunteer” work isn’t exploiting children, Mr. O’bambi? Puh-leeze, give me a break, you hypocritical moron!
Obama also seemed to stake out a more modest position on the current debate in Congress over whether to extend a payroll tax cut. Although the president had proposed expanding the tax cut even further, so that both employers and employees would keep more of their money, on Tuesday he called simply to “extend a payroll tax cut,” suggesting he could settle for the tax cut as it is currently configured.
The “payroll” tax cuts are a farce. Essentially, they decrease the amount workers are paying into their Social Security. Ergo, Seniors get less. And, as an added bonus, the younger generation is in danger of never receiving a Social Security check when retirement time rolls around. A slippery slope indeed.Economics, Insanity, Obama Sucks, politics, Socialists
This entry was posted on 7 December, 2011 at 11:26 am and is filed under Economics, Insanity, Obama Sucks, politics, Socialists. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site.