I'm beside myself with grief watching this catastrophe unfold.
They've elected a Marxist president, and a socialist party.
Obama has been a left wing community organizer, and a student and instructor of Saul Alinsky method.
There's so much to write...
Essentially, the Obama method is:
1) Seize control of/destroy resources
2) People lose independence without their resources
3) meter out those resources to create dependency
4) control those dependendents
He's trying to do it with the state handout money.
His first spending package changes welfare to the states by giving money per welfare case, rather than fixed amount.
Obama WANTS to destroy the dollar. People will lose their retirement and independence. Then they'll depend on the state.
He's done it with the democratic party. This stuff is so horrible, congress can't all believe in it. They must be controlled from a central point, like the DNC. Don't vote the party, don't get funded. So now our country is controlled by some unelected group.
It's essential to allow people to get fantastically wealthy. Those people thrive on big challenge and big rewards. Some of the rest of us (if we are talented enough) can contribute to the success of these rare individuals, and ride on their coattails to be successful too. But to have non-contributors on the payroll in the form of confiscatory taxes, those risk takers will be far less successful due to all that drag.
Those daring, risk taking individuals gave us cars, motion pictures, internet, computers, digital cameras...
Without spectacular rewards, there won't be spectacular risk taking, or mankind's advancement. How much of the 20th century came from USA, and how much from Europe?
Calling these political entrenchment spending packages "stimulus" is absurd. Centralized economies never have worked historically, and will never work. All this spending will make this a 25 year depression - which is what they want.
The real fix, is to lay off gov employees, STOP deficit spending, and lower corporate taxes. Companies will then have the capital to keep workers and develop new products.
Wealth is created by making stuff, not spending. Obama knows all this, but he is a psychopath. Totally amoral, no remorse for his actions. Ends justifies means. You cannot listen to Obama, you must look at what he DOES, and who he appoints. They are as rotten and socialist as he is.
THe problem in Washington is a corruption problem.
Lobbyists and all that. It's not a capitalism, or free market problem.
It's also a centralized gov problem. A locus of control encourages corruption and dictatorships.
Distributed control is so much harder to control by corruption.
What will happen to the economy?
Hyper-inflation. If you buy gold, then sell it later, you'll have 70% tax rate.
So you won't sell. They'll be an underground economy with alternate currecny of
gold, silver, antiques, etc. The problem is all this capital will be locked up
waiting for administration change and lower taxes, and should be free to invest
in new businesses. They'll be black markets. YOu won't be allowed to take wealth
out of the country. Gem prices will go up as people smuggle them in coat hems, etc.
All this fucked up stuff when you have hyper-inflation and a confiscatory oppressive gov.
That's the shit that's coming up from this radical left group of assholes in charge.