Obama Threat to Capitalism
By Sharon Sebastian
June 13, 2012

The battering of freedom, faith and the economy under Barack Obama has
been relentless. It has been a busy first term for the President.
Obama is learning that no man, president or king, can neither dictate
faith nor douse the flames of freedom in America. Obama's severest
blow to the nation has been, thus far, economic. As one destructive
regulation after another emanate out of the Obama White House,
businesses across America realize that they are under siege. Question:
What is it about free-market capitalism that Barack Obama so dislikes?
The answer: It isn't socialism.

Socialism is the government forcibly taking from those who have earned
what they have and giving it to others. Crushing initiative,
innovation and self-reliance, it foments class envy, racial strife and
government welfare as it devours a nation. A Socialistic government
controls the economy, property and natural resources to the exclusion
of individual prosperity and achievement. Socialism leads to other
oppressive forms of government. Communism requires class warfare.
Nazism requires race warfare. Socialism requires a combination of both
class and race warfare. All suppress rights and freedoms. If left
unchecked, all lead to fascism with government's iron-grip controlling
all facets of life, both public and private.

If given a second term, Obama will finalize his attack on American
capitalism, replace it with a repressive form of Socialism and finish
the job he has begun. Free-market capitalism is the opposite of
oppressive systems. Unlike Obama's economic policies, free-market
capitalism is the real "stimulus" for jobs and national growth. So,
what is the appeal of Socialism to Barack Obama? For starters:
Control. Power. Authority over who succeeds in the marketplace.
Limitation of rights to those voicing opposition and elimination of
Constitutional checks and balances by the judicial and legislative
branches of government. Obama's ultimate goal is to bring America, its
citizens, its resources, its laws, its courts and its Constitution
under a one-world, socialistic government. First, he must kowtow the
American people. If re-elected, that strategy will emerge in 2013 to
be implemented by his 40-plus politburo of unelected Czars.
Seeking to grow big government, Obama calls for more government jobs.
He callously brushes off the anemic, over-regulated private jobs
sector as he declares it is "doing fine." Stanley Kurtz of National
Review reports that Obama's hostility to free-market capitalism was
evident in the mid-1990s: "On the evening of January 11, 1996...Barack
Obama formally joined the 'New Party,' which was deeply hostile to the
mainstream of the Democratic Party and even to American capitalism. In
2008, candidate Obama deceived the American public about his
potentially damaging tie to this third party."

What this president cannot hide is his penchant for crony capitalism.
He has been quick to award business contracts and "redistribute" tax
monies to his friends and political cronies. Evidence of that are his
disastrous forays into monumental "green" failures. CBS News reports
that, "At least 12 of Obama's favored clean energy companies are in
financial trouble after being collectively approved for more than $6.5
billion in federal assistance. Five have filed for bankruptcy."
Bankrupt Solyndra reportedly shed $528 million and 1100 jobs in 2
years. Is Obama's Justice Department doing an earnest forensics audit
of these companies' books to follow the money? Will the White House
continue to ignore Congressional subpoenas and withhold documents amid
speculations that possible illegalities may lead to political slush
funds? Are Obama's cliquish pet-projects-among-friends above the law?

A powerful element of Socialism is that those in power can be
selective about enforcement. Earlier this year, it was revealed that
Obama's EPA Region 6 administrator, Al Armendariz, gave a 2010 speech
about his "philosophy of enforcement" against business owners that are
not compliant with the Obama administration's stringent regulations:
"It's kind of like how the Romans used to conquer little villages…
They'd go into little Turkish towns, they'd find the first five guys
they'd run into, and they'd crucify them and then, you know, that town
was really easy to manage over the next few years." Then, there is Ron
Bloom, Obama's first Manufacturing Czar, who held powerful influence
with the President, who said on video, "Free enterprise is nonsense."
Additionally, Bloom commented that: "We kind of agree with Mao
[murderous Communist Chinese dictator Mao Tse-tung] that political
power comes largely from the barrel of the gun." And, as always, there
is Van Jones. Jones is the hand-picked, self-professed Communist who
Obama chose to head-up his national green jobs initiative that is at
the heart of Obama's economic "recovery." What is it about a self-
professed Communist, anti-capitalist, heading up his national jobs
recovery plan that Obama does not get? Is it ignorance or
premeditation? Revealing a pattern that is anti-business and deemed
politically risky during Obama's bid for re-election, all three men
have been eased out of their positions under Obama.

One of Obama's staunch supporters, leading Senate Democrat Charles
Schumer (NY-D) inadvertently warned American tax-payers and businesses
of what is to come if Obama is re-elected. In regard to increased
taxes on the rich, Schumer declared, "You've got to start somewhere,"
signaling that higher taxes on middle-income Americans will be levied
post-election. If history is any judge, Obama will dole out middle-
income tax revenues to big unions and crony capitalists while leaving
government fraud and waste unchecked. Schumer and his fellow
Progressive-Democrats refuse to acknowledge that when rising taxes
exceed the capacity for businesses and citizens to pay, the money
eventually runs out for all dependent on government -- including
government workers and civil union employees such as police and fire
fighters. Under Obama's plan, all will eventually share the equal
deprivation that is Socialism.

In The Freeman Ideas on Liberty, published by The Foundation for
Economic Education, Mark J. Perry wrote:

"Socialism is the Big Lie of the twentieth century. While it promised
prosperity, equality, and security, it delivered poverty, misery, and
tyranny. Equality was achieved only in the sense that everyone was
equal in his or her misery. In the same way that a Ponzi scheme or
chain letter initially succeeds but eventually collapses, socialism
may show early signs of success. But any accomplishments quickly fade
as the fundamental deficiencies of central planning emerge. It is the
initial illusion of success that gives government intervention its
pernicious, seductive appeal. In the long run, socialism has always
proven to be a formula for tyranny and misery."

The axiom that, "Insanity is doing the same thing over and over and
expecting different results" does not apply to the Obama
administration. By doubling down on its failed programs and policies,
it is getting exactly the results it wants -- the transfer from free-
market capitalism to socialism. That it does so in pursuit of
unrestricted power reveals that Obama elevates his socialist ideology
above the well-being, prosperity and security of all Americans.


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