Posted by: reformedmusings | October 30, 2008

Obama’s economic train wreck

Last night, Obama simply repackaged his rhetoric but offered nothing new. The spin was masterful, pretending to promise the world while actually providing very few hard details. Breitbart has an excellent look in the article Obama’s prime-time ad skips over budget realities. Bottom line is that Obama doesn’t have a detailed plan other than promising whatever he thinks that it will take to get himself elected. The actual data just doesn’t support Obama’s slick snake oil promises.

The reality is that like all socialistic programs, Obama’s promises will cost trillions. Remember LBJ’s war on poverty? Since LBJ declared war on poverty in 1964, the government has spent a trillions of dollars (one trillion per year as of 2005) on failed programs while the number considered poor has increased from 27 million to 37 million. The government “safety net” has become a poverty prison for those ensnared. Thomas Sowell observed that even more tragically: “The black family, which had survived centuries of slavery and discrimination, began rapidly disintegrating in the liberal welfare state that subsidized unwed pregnancy and changed welfare from an emergency rescue to a way of life.” Obama’s proposed policies will further deepen that hole.

Prosperity comes from freedom and hard work, not taking away money from people who work hard and giving it to people who don’t pay taxes. That’s socialism – redistribution of wealth – and a powerful disincentive to success. It’s a return to the malaise of the Carter administration and the budgetary black hole of LBJ. Contrast those bleak periods with the unprecedented growth of the US economy as a result of President Reagan’s pro-growth tax cuts that incentivized investment.

Obama also said that he supported the 2nd Amendment last night. I posted on that in depth before, plus the Washington Times has a great analysis in Obama and Guns. Obama actively furthered some of the most anti-gun and anti-self-defense policies in the country in Chicago and Illinois, making them a haven for violent criminals and a nightmare for law-abiding citizens. The result is that Chicago’s murder rate is #1 in the nation, just ahead of two other citizen-disarming cities, NY and LA. It’s more dangerous for citizens in Chicago than in Baghdad. Obama is completely misrepresenting his proven track record (and statements in his own handwriting) opposing Americans’ 2nd Amendment civil right to armed self-defense. More snake oil for the uninformed.

Don’t buy the snake oil. It’s just the same old socialist, anti-freedom con repackaged in slick, made-for-TV rhetoric. When you enter the voting booth, ask youself if you’re ready to return to a deep recessions like those caused by LBJ’s and Carter’s failed policies. I pray not. In contrast, John McCain offers the alternative of freedom, encouragement of investment, properity for America, and support of Americans’ civil rights under the 2nd Amendment.

Vote for Freedom, reject the tyranny of socialism.

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Responses

  1. […] Obama keeps saying that he wants to help more people to get to the middle class. That’s crap. We’ve spent trillions of dollars in LBJ’s ill-conceived war on poverty. Net result: an increase in poverty and a huge national debt. The way to be successful is to work […]


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