Monday, January 6, 2014

Obama & Income Inequality

After borrowing and spending a Trillion dollars on various Obama SwindleUS Plans, that did not work to grow our economy, we have experienced the longest Recession in American history.  The end result is highest poverty rate and the lowest labor participation rate in three decades.  Further, while unemployment has come down slightly, it is because several million Americans have just dropped out of the labor force, or gone on Disability Benefits.  Naturally, the poor and the middle class have been negatively impacted by Obama's Socialist Schemes and job killer Executive Orders, particularly actions taken by the EPA to retard energy development.

So, it takes real chutzpa for Socialist President Obama to hit the campaign trail, as usual, talking about Income Inequality that he has made worse than prior Presidents.  It is true that Wall Street is doing just fine as a result of cheap money, massive lay-off's and in some cases Crony Capitalism; but Main Street is not alive and well because Obamanomics, focused on raising taxes and adding thousands of new job killer regulations, has negatively impacted business retarding economic growth and job creation.   Well dah!

Since Obama voters are Low Information Americans, it really does not matter because their short attention spans and inclinations to blame others for their problems make understanding facts difficult.  The fact is that on paper the rich have gotten richer because of the rising stock market and the poor and middle class have gotten poorer because of global competition and bad government policy made worse by Obamanistas. 

Obama and his Socialist pals in Congress want even higher taxes than they got in ObamaCare and the Fiscal Cliff deal; yet it is never enough because the practice the politics of envy.  We will hear them talk about throwing granny over a cliff, the unemployed and starving children.  The problem is that raising taxes, which may be good for growing government, means fewer jobs in the private sector and less money available for higher compensation and benefits paid to the poor and the middle class.   This should be obvious.  Take more money from job creators and they will have less money to invest in new businesses, or initiatives that create jobs.   Without economic growth and job creation, it is impossible to have higher incomes; hence the Income Inequality we have in the US.  This is a vicious cycle. 

Of course, Socialists who will lie, cheat, borrow, steal, extort and target their enemies to stay in power will continue to scream Class Warfare because it plays well with their PEEP's.  The fact is that the poor are not poor because the rich are rich.  The poor are poor because they lack education, marketable job skills, motivation to rise above their condition and an inability to deal with delayed gratification, working and studying hard today, for future benefit.   It is much easier to be on Welfare and Food Stamps than break the cycle of poverty, especially since Obama has made it so easy to collect these benefits. 

Just know that Obama and his Socialist pals in government are responsible for the Income Inequality that exists in the US.  They want more people on the dole voting for them.  And, when the talk about helping the sick, starving children, the unemployed and throwing granny over a cliff, just know that they have wasted more than $100 Billion on Green Energy Schemes that have failed, provided Obama cell phones to 6 million Americans fraudulently, costing $2 Billion a year, paid out more than $4 Billion to illegal aliens and others not eligible for the earned income tax credit.  These examples of waste fraud and abuse are just the tip of the iceberg.   Socialists refuse to allow greater energy production, or to reform our tax code, both of which would do more to create jobs and deal with Income Inequality than any other things that are possible; but they will not happen because Class War Fare is the Socialist ticket to power.  It is what it is.   

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