Tuesday, August 14, 2012

Obama promises “shared prosperity”

In a Chicago fundraiser on Sunday, President Obama observed that “too many folks still don’t have a sense that tomorrow will be better than today.”  Of course, he didn’t mention that he’s the primary reason for that.  He just got finished telling American business owners that they’re not responsible for their own success, they should stop complaining because they’re doing fine, and he’s willing to throw them off the fiscal cliff of Taxmageddon if they don’t pony up more money to fund his agenda.
Obama’s economic policy rests entirely upon the notion that America’s days of bold entrepreneurship are forever behind it, and we must now be carefully protected and managed by an all-powerful government, lest we injure ourselves or the planet in pursuit of our ambitions.  As he put it in Chicago: “Do we go forward towards a new vision of an America in which prosperity is shared?  Or do we go backward to the same policies that got us in this mess in the first place?”
It’s remarkable to see Obama still running against an empty White House, which has apparently been vacant while “this mess” of double-digit unemployment and crushing debt congealed around our ankles over the past three years.  But this idea of “shared prosperity” is more interesting to discuss, because it’s hogwash.  It’s one of the most dangerous delusions socialists have succeeded in foisting upon people.

Read more: http://www.humanevents.com/2012/08/13/obama-promises-shared-prosperity/

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