Friday, October 21, 2011
Obama's New Economy - Creeping Socialism
By Nicholas Contompasis
"Make people dependent on government and they will embrace Socialism"
- N.P. Contompasis
Have you noticed that the Obama Administration is attempting to create a new economy within our existing economy. A new economy that is funded by your tax dollars and controlled by friends of Obama.
Friends of Obama include union leaders, many non-profit organizations, campaign contributors and many foreign interests that want harm to come to our great economy.
After reviewing most of these new Obama led companies and their handling of your tax dollars, I predict they will continue to lose money. This will put added pressure to raise even more taxes to keep the failing companies going. General Motors, Chrysler, Solyndra, Tefla and many more are companies invented or propped up by the far Left. They would never survive in a normal capitalist environment.
Now, envision a cancerous tumor spreading throughout a host body as it slowly takes over, with an ultimate outcome of complete domination of the host. You would then have a new economy funded purely by your tax dollars. The majority of what you earn would be sent to the government to be redistributed, not to the poor, but the new industrial leaders of the country's new economy - friends of Obama.
Our current private sector companies get little to no help from government. As a matter of fact, our government, led by Obama, is doing everything possible to overburden our existing private sector with regulations that are killing its efficiencies. This policy works in favor of Obama's new economy, pushing down the traditional while funding and promoting his new Obama led companies that will suck the country dry due to their inefficiencies.
You can then deduce that these companies exist for only one reason. That reason is to enrich the friends of Obama and, of course, Obama himself.
You would think that Obama would've learned from the failed socialist states now crumbling around the world!
Under Socialism, sharing the wealth equitably is fine, but it never seems to work out that way, now does it?