Obamanomics Abhors The Free Market
By David Limbaugh
October 24, 2008
Page 2 of 2
Tax cuts are not "giveaways." When the government taxes at a lower rate, it is not "giving" money back. It is taking less money from the taxpayer, who owns it unless you subscribe to the socialist view that the government owns or controls the major means of production and the Marxist view that private property should be abolished.
Democrats lied about the economy for the first seven years of the Bush presidency, during which we had consistent growth and negligible inflation. The president spent way too much, but Obama will spend substantially more by design.
Worst of all, Democrats, including Obama, are primarily responsible for the subprime crisis yet are profiting from it politically. They created policies that led to it. Then they exacerbated it by installing and protecting Fannie and Freddie execs, whose bonuses were based on the volume of bad loans they made and who contributed to the Democrats' political war chests in return. Finally, the Democrats fatally obstructed the regulation necessary to ameliorate the problem once it arose.
Obama's tax plan is not based on economics (raising taxes in a recession, including letting the Bush cuts expire) but his idea of fairness. He wants to redistribute wealth by sucking the lifeblood out of producers. It's one of the oldest ideas known to societies. It never works economically but always works politically, which is all that matters to Obama.
Now don't get me started on national security.
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David Limbaugh is a writer, author and attorney. His book "Bankrupt: The Intellectual and Moral Bankruptcy of Today's Democratic Party" was released recently in paperback. To find out more about David Limbaugh, please visit his Web site at www.davidlimbaugh.com.
COPYRIGHT 2008 CREATORS SYNDICATE INC.
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Note -- The opinions expressed in this column are those of the author and do not necessarily reflect the opinions, views, and/or philosophy of GOPUSA. >> Back -- Page 1 2
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