Obama's War on Capitaliam
OBAMA’S WAR ON CAPITALISM
By Billy Falling
At the University of Vermont, President Obama once again declares his war on capitalism: He stated to the students, “This, ‘You’re on your own’ economics does not work; it has never worked.” In essence, this is the same message he delivered to the high school students in Osawatomie, Kansas last December when he decried the Rugged Individualism of President Teddy Roosevelt. Vermont is the home state to the only U.S. Senator who was elected as a “democratic socialist,” Senator Bernie Sanders. Neither Sanders nor the president believe in the free enterprise, individual economic freedom that has produced the richest, most powerful nation on earth, the United States of America.
His signature piece of legislation, the Affordable Health Care Act, is now in the hands of the Supreme Court after twenty-six states challenged its constitutionality. Although unpredictable, in all probability it will be struck down by the court. The majority of Americans are not willing to give up their freedom to decide on their own health insurance. Neither do they support any fundamental change in our economic freedom.
In his campaign for election, Obama told “Joe the Plumber” that he wants to “spread the wealth around.” He has never given up on raising taxes on the so called “rich” in order to finance more social programs such as socialized medicine. He defines “rich” as those individuals who make over $200,000 a year or a married couple who make over $250,000 a year. Although we now have the highest corporate tax rate in the world, he opposes lowering it, and in fact, wants to raise it on the oil companies, a move that would only raise gas prices higher than the record high they already are.
The same week that Obama stated that he was for the “all the above” source for supplying our energy needs, his EPA virtually made it impossible for any future coal-fired power plants to be developed, thus destroying the coal industry. This would be in keeping with his campaign speech at a fund-raiser in San Francisco in 2008.
It seems that the only wealthy people that Obama respects and appreciates are the ones who can contribute big chunks to his billion dollar campaign fund. He knows that he will need that much to overcome his failed economic policies of his administration. The good news is (1) he is far short of his goals at this juncture in his campaign, and (2) Big Oil, like Exxon-Mobile has just committed $200 million to an independent PAC who opposes him.
The enemies he has made in his war on capitalism have to protect their interest. In doing so, they could become the heroes of free enterprise and the American Dream. The American Dream is humanity’s dream. We will not let it die or be destroyed.
Bill Ayers, Obama’s Chicago neighborhood mentor, stated that he goes to bed each night dreaming of ways he could destroy capitalism. I think he and Obama may be having the same dreams. ©