Posted by: rotenochsen | December 11, 2009

WHAT IS OBAMA’S ECONOMIC POLICY?

First let me say that I have voted in Presidential elections for 59 years. So you could call me an old, senile fa*t, or someone who has witnessed a lot and drawn conclusions that are worth listening to.

If you are of a mind to believe the former description of my state of mind –stop reading now!

I have voted Republican in every Presidential election but one. I was proud to cast my vote for Senator John Kennedy, whom I thought had served our country well in the Navy and in the U.S. Senate. Maybe I was a little biased, because I too was a Navy veteran.  But never the less, I believed he was a better choice because of his fiscal policy and I pulled the lever for him!

I voted for George W. Bush also, but during the last two years of his second term I looked at him as though he was possessed by the “evil one” who promotes the destruction of truth. It was as if he had been replaced by his “evil” identical twin, and he had secretly retreated to his ranch in Texas! His acceptance of Congressional spending was out of character for the man I voted for twice, and the result was putting our country in fiscal irresponsibility.

I know some will say the cost of the war in Iraq and Afghanistan, and the impending banking and mortgage crisis were the cause of his signing into law Bills that spent more money than our GDP produced.

What ever the reason, he was responsible for as the Deamoncrats say,”taking the surplus inherited from Clinton to a deficit. I acknowledge that!!

But now to the thrust of my blog. I believe the 10 months of President Obama’s first term, and I hope only term, has illustrated to me that we have the most progressive, Marxist leaning occupant of the Oval Office in the history of this great country.

His economic policy if fully enacted will certainly destroy the dollar, and the free-market economy that we had until he took office. The health Care Bill, Cap and Trade, multiple stimulus bills, cash for clunkers, bail-outs and unending increase of taxation is a prescription written by someone who deliberately has set out to destroy our Free market economy and replace it with a massive Federal government that controls its citizens from cradle to grave.

Either Obama is an eloquent puppet whose strings are being pulled by the likes of George Soros, and Andy Stern, or he is a slick Harvard and Columbia educated lawyer who hates capitalism and is determined to destroy it and substitute his brand of Marxist Socialism.

Unprecedented deficit spending for unsustainable entitlements, and accumulation of national debt, now at more than $12 trillion, poses an enormous threat to our economic future. Obama’s proposals will add $13 trillion in deficit spending over the next 10 years.

There are only three ways to cut that debt: Raise taxes, inflate the dollar or cut government spending.

The first two will destroy any semblance of economic recovery. Only the latter will strengthen the U.S. economy and create jobs.

In order to avert the deep depression that we are headed for. Obama  should instruct the Democrat controlled Congress to hold the line on discretionary spending and enact spending caps enforced by a balanced budget amendment. This was first proposed by President  Reagan, but blocked by Democrats every time it comes up since his administration.

Obama and his ilk are all devoted socialists, and they believe government is the solution, not the problem.

But when has government actually made money? Government runs on the backs of the workers that pay taxes,fees and when in doubt by printing worthless money 24 hours a day!
He and his leftist cronies believe,or at least say they believe, that  we must “spend our way out of this recession.”!! When has spending ever reversed a deficit economy? Try this in your own business or your household and you will end up in bankruptcy court!

Investor’s Business Daily analyzed cabinet posts of administrations over the last century and determined that prior to Obama, Kennedy and Carter had the lowest number of appointees from the private sector, about 30 percent in each administration.

Only 8 percent of Obama’s key appointees are from the private sector, precious few of them have actually created or understand how to create real jobs.And his Czar cadre is filled with socialists who have little if any experience in running a business.

Unprecedented deficit spending for unsustainable entitlements, and accumulation of national debt, now at more than $12 trillion, poses an enormous threat to our economic future. Obama’s proposals will add $13 trillion in deficit spending over the next 10 years.

There are only three ways to cut that debt: Raise taxes, inflate the dollar or cut government spending.

The first two will destroy any semblance of economic recovery. Only the latter will strengthen the U.S. economy and create jobs.Government is an extremely inefficient consumer of wealth, with up to 70 percent of income-transfer program (a.k.a., welfare program) budgets going to bureaucratic overhead

 Source: Patriot Post and Mark Alexander
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