Wednesday, May 2, 2012

The Immorality of Obamanomics

The President's economic policies are usually criticized for their practical ineffectiveness. Thinking people know that the result of the President's 1970s retro economic policies has been the worst recovery from a recession since the Great Depression, with persistent high unemployment, declining real wages and incomes, soaring poverty, doubling gas prices, and budding inflation sure to get much worse.
Unthinking people still call national conservative talk radio shows to say the President's economic policies can't be faulted because the economy was doing poorly when he entered office, and so his policies enjoy unlimited time to produce any positive results. They make national fools of themselves in so demonstrating that they know nothing about the historical prosperity of their own country, and why.
But there is a much more fundamental problem. Besides not working, the policies of Obamanomics are just plain immoral.
The 99 Percent vs. The 1 Percent Since when has it been considered just for the bottom 99 percent to say to the top 1 percent, "We can outvote you to take your money"? That is a politics of piracy and theft, with no roots in American history.

Read more: http://spectator.org/archives/2012/05/02/the-immorality-of-obamanomics

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