Thursday, February 26, 2009

Time for some truth about President Obama

Liberals live in what I like to describe as Fantasy Land. In Fantasy Land, you get equal outcome, regardless of effort or talent. This Fantasy Land is populated by people who think that Marx had it right on economic policy, that the value of a thing depended only on how many man hours went into it. The product was merely the sum of the labor put into it. 

President Obama lives in Fantasy Land. A recent commentator lives in Fantasy Land. 

Now, I've read the Obama Speech to Congress. I was right, I wasn't surprised by anything I found in there. I'm also not surprised that the legislation proposed is exactly what I expected, more big government spending, the New Raw Deal II. The original New Raw Deal being the FDR policy that extended the Depression for a full decade. 

So what does the world think of our New President? They love him. He's so charismatic. He's also living in Fantasy Land. 

In order to save our children from a future of debt, we will also end the tax breaks for the wealthiest 2% of Americans. But let me perfectly clear, because I know you'll hear the same old claims that rolling back these tax breaks means a massive tax increase on the American people: if your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime. In fact, the recovery plan provides a tax cut - that's right, a tax cut - for 95% of working families. And these checks are on the way.

But the Math doesn't seem to hold up. Economists warn that even taxing all earnings over $500,000 at a rate of 100% would produce less than 1/3 of the total Federal Budget. Now, what would be the outcome of such a tax increase? 

Let's take the recently panned private jet ownership shall we? Gulfsteam makes Personal and Corporate jets. They make very good ones. Arguably the best in the business. No one is going to buy a jet if they are earning a paltry $500,000 a year. That means hundreds of jobs at Gulfstream are lost. Gulfstream would not be alone. Many jobs producing luxury items would be lost, and servicing those items, like the Gulfstream jets mentioned above? Consider it about 5% of our well paid workforce, good jobs for people, lost. 

Liberals love to live in Fantasy Land, because they don't have to deal with reality. So I'm sitting back, and enjoying the march to Socialism, knowing that soon enough, the economy will collapse, as all Socialist economies must. The Soviet Union has demonstrated it, the British Economy demonstrated this undeniable fact. Yet, for some reason, it's the first answer we rush to when Washington is involved. Apparently, Liberals are in Denial. 

The Obama plan. Higher unemployment, turning a recession, into a Depression, and extending it for a decade or more. If that's not his plan description, it will certainly be the result. 

So this is the change we can believe in? Recycling the old ideas, and pretending that they're new, and they work, despite the fact that they've never, not once, worked in history. 

Democrats and Republicans are to blame, because they love to spend money. We need a new political party. The cheapskate party, the one that spends only when they must, and practices thrift in their lives, and their governing. 


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