New Paradigm in America

obamunism

First there was Socailism then there was Communism now we have Obamunism:

He said he would only raise taxes on the wealthy with an income over $250,000

Obama lied, the new tobacco tax affects citizens on welfare, low income, middle income and high income.  Obama’s policies will collaspe America from within.

Congratulations on electing the Manchurian President Barack H. Obama.

Ed Morrisey quotes an article from Bloomberg News that wonders what a Manchurian President would do if he wanted to destroy the economy:

It is no wonder that markets are imploding around us. Obama is giving us the War on Business.

Imagine that some hypothetical enemy state spent years preparing a “Manchurian Candidate” to destroy the U.S. economy once elected. What policies might that leader pursue?

He might discourage private capital from entering the financial sector by instructing his Treasury secretary to repeatedly promise a brilliant rescue plan, but never actually have one. Private firms, spooked by the thought of what government might do, would shy away from transactions altogether. If the secretary were smooth and played rope-a-dope long enough, the whole financial sector would be gone before voters could demand action.

Another diabolical idea would be to significantly increase taxes on whatever firms are still standing. That would require subterfuge, since increasing tax rates would be too obvious. Our Manchurian Candidate would have plenty of sophisticated ideas on changing the rules to get more revenue without increasing rates, such as auctioning off “permits.”

These steps would create near-term distress. If our Manchurian Candidate leader really wanted to knock the country down for good, he would have to provide insurance against any long-run recovery.

I have been saying this for a while now.  If Obama is so smart, which everyone claims, then why does he demonstrate a complete ignorance of ECON 101?  He knows what is good and bad for the economy but is blinded by his left-wing ideology, desparate to have some say on the outcome of it all.

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One Comment

  1. Posted March 11, 2009 at 9:42 pm | Permalink

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