Thursday, January 26, 2012

State Capitalism, Socialism & The Debt Ceiling

Congress has approved Socialist President Obama's request to add another $1.2 Trillion to the National Debt.   Shortly, the National Debt will grow to nearly $17 Trillion with no end in sight.  That will be more than 100% of US Gross Domestic Product (GDP).   Bankrupt Italy is at 125%.  Greece is at more than 144%.  The United States is headed in the same direction.   If Obama is reelected and his deficit trajectory is allowed to continue, we will add $10 Trillion to the National Debt in the next 10 years; however, the US will collapse long before because the markets will never allow it.   

At the same time, many of the brainiacs meeting at Davos, Switzerland to discuss our "well being" are saying that State Capitalism is preferable to market based free market Capitalism.   To be clear, State Capitalism is what is happening in China.   At best it is democratic Socialism and crony Capitalism.   At worst it is Communism, Chinese style.  Socialist President Obama is determined to "transform" our country into a European or Brazilian style Socialist nation. 

That means very high taxes and government control of all aspects of daily life in the name of redistribution of income to achieve "social justice".   It also means radical environmentalism that results in a lower standard of living for all citizens.   In Brazil, a Toyota Corolla, that cost $18,000 in the US, is considered a luxury car because it cost around $50,000 including the 45 - 50% government tax on the purchase.   In Europe, gasoline is often $8 - $10 a gallon because of the government taxes on fuel.  Europeans and Brazilians bring empty suit cases when they travel to the US to buy clothing because the cost in their countries, as a result of taxes, are three times what we pay in the US.

This is what Obama wants to do to our country in order to take care of his PEEP's, those that pay no income taxes at all, those on the dole, union bosses, radical environmentalists, trial lawyers, the illegal alien lobby and crony Capitalists all feeding at the trough.   Socialists need to buy votes to stay in power.  Otherwise, there would be absolutely no reason for anyone to vote them.  

Socialism does not work; plain and simple.  Where ever Socialism has been tried, it has led to misery, poverty and a loss of freedom.  Many European countries are now bankrupt as a result of cradle to grave entitlement spending.   Employment laws, driven by unions in Socialist countries, cause unemployment because it is almost impossible to fire anyone for cause, or otherwise.   So, companies hire the bare minimum of people because the overall cost is just too high.   This is the reason jobs have gone to China, India and other countries, where no such laws exist.   We are not talking about slave labor; but rather just common sense laws that allow an employer to hire and fire employees when they do not do the job they were hired to do. 

We see the same thing happening in the United States as employers have moved jobs from Socialist Blue States, like California, to more business friendly Red States like Texas.   Socialists are job and freedom killers.   Socialists are the enemy of free markets and freedom.   Socialists believe that they know better how we should live than we know ourselves.   Socialists want to take decision making out of our hands and put it in their hands by taking our money to create a command and control economy that has always led to disaster.

We face a cross road in the United States during the elections of 2012 and 2014.   We will either remain a free country, or if Obama is reelected, we will become a Socialist nation and lose our freedoms.   The choice can't be more stark.   We have to take back our country in 2012 and 2014 by sweeping Socialists, at all levels of government, including President Obama, out of office to prevent the bankruptcy of our nation.  If the Obama deficit spending trajectory is allowed to continue in the name of State Capitalism, we will lose our national sovereignty.   We can't allow that to happen.  

We have to take back our country to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.   We must defeat the Socialist enemy within that is as serious as any external threat we have ever faced.   We can do it.   We must do it to remain a free country.

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