Obama added more debt in his first 19 months than all the presidents from Washington to Reagan combined with the debt expected to double by 2021. The official White House Office of Management and Budget web site carries a call from the president to "invest in our people without leaving them a mountain of debt." and yet Obama is giving future generations an insurmountable mountain of debt. It makes sense when you understand Obama's goal of redistribution of the wealth. Alan Greenspan said "Deficit spending is simply a scheme for the confiscation of wealth." [Gold and Economic Freedom; The Objectivist, 1966] To redistribute it you must first confiscate it.
Just look at the ideologues Obama chooses as his advisers. His cabinets are pushing "environmental justice" as a scheme for redistributing wealth. His energy secretary Steven Chu is on the record as having said we need higher gas prices like those in Europe. Obama warned us during his 2008 campaign that "under my plan electricity rates will necessarily have to skyrocket." Obama hired an anti-commerce commerce secretary in John Bryson. Senator Inhofe has called Obama's EPA a "growing menace to the economy." John P. Holdren, who then-President-elect Barack Obama nominated as director of the White House Office of Science and Technology Policy in December 2008, called just five months before his nomination for a global climate-change agreement that would allow wealth to be redistributed from countries in the global "North" to countries in the "South." Obama also picked a "spread the wealth" progressive lawyer for his top economist.
A new congressional report has determined that the Obama administration is intentionally causing high gas prices. Obama seems to be doing everything he can to increase gas prices, inhibit domestic oil drilling and ruin the coal industry. His green energy policies cause consumers to pay as much as <38% more for electricity.
And don't forget that according to Obama the union agenda is his agenda. According to AFL-CIO boss Richard Trumka the Obama White House collaborates with its socialist union boss on a daily basis. Obama's payoff to the UAW for union campaign help cost Americans over $14 billion and broke bankruptcy and credit laws possibly destroying the ability of the auto industry to borrow in the open market. Obama's heavily union biased labor board is suing Boeing for building a plant and creating new jobs in South Carolina.
Its no wonder that the head of 3M called Obama anti-business expressing concerns about killing jobs and that the National Black Chamber of Commerce founder said Obama "is anti-business...it's starting to look Marxist to me,". As more people realize Obama really is a socialist they have a right to be skittish and nervous about his economy destroying polices. After all, he's president for another two years.
You Tube embed code for the video linked in Obama tries to tell Americans that their task is to "not panic, not overreact"Michael Whipple, is the Editor of usACTIONnews.com
